Inside Data Centre Podcast
Who are the people powering the world’s data centers?
Inside Data Centre Podcast is a podcast about the global data center industry, focused on the careers, companies, and conversations shaping modern digital infrastructure. Hosted by Andy Davis, the podcast features interviews with data center professionals, investors, operators, vendors, and industry leaders from around the world. Each episode explores how people enter the data center sector, how their careers develop, and the challenges facing data centers as demand for cloud, AI, and connectivity continues to accelerate. Covering hyperscale, colocation, operations, sustainability, and skills, Inside Data Centre Podcast is essential listening for anyone working in, or looking to work in, the data center industry.
Inside Data Centre Podcast
Ash Gupta & Dave Misra: Galaxy Data Centres
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In this episode of the Inside Data Centre Podcast, Andy Davis is joined by Ash Gupta and Dave Misra, Co-Founders of Galaxy Data Centres.
They share their journeys into the sector, the founding story of Galaxy, and how the data centre landscape is shifting in response to AI and growing power demands.
The conversation dives deep into energy efficiency, microgrids, and the unprecedented capital investment now flowing into digital infrastructure.
Key Topics:
- The origins of Galaxy Data Centres and their energy-first approach since 2018
- How the focus on power has shifted from traditional industrial users to data centres.
- The rapid impact of AI on infrastructure design, cooling, and energy needs.
- Why the Redhill Data Centre marks a new chapter for Galaxy in ownership and operations.
- The challenge of meeting soaring power demand and the role of microgrids.
- How investors are treating data centres as critical national infrastructure.
- The future of the sector: integrating energy generation with data centre operations.
This is a forward-looking conversation about where data centres are heading and why energy and AI will define the next chapter of the industry.
The Inside Data Centre Podcast is recorded in partnership with DataX Connect, a specialist data centre recruitment company based in the UK. They operate on a global scale to place passionate individuals at the heart of leading data centre companies.
To learn more about Andy Davis and the rest of the DataX team, click here: DataX Connect
This is the Inside Data Center podcast. We talk to the people out of the Data Center Center to give you insider info on everything happening in InstaData. It's your host, Andy David.
SPEAKER_00Welcome to the Inside Data Center Podcast. Today I'm joined by Ash Gupta and Dave Mistra from Galaxy Data Centres. Good morning both.
SPEAKER_01Morning, Andy.
SPEAKER_00Good to see you both again. I went for morning because I was trying to remember where in the world you were. So it's afternoon for me, but I'm pretty sure it's morning for you.
SPEAKER_01It's morning somewhere.
SPEAKER_00Exactly, it's always morning somewhere. Thanks for coming on. I'm looking forward to learning a bit more about both of you as well, and obviously your careers and how you ended up in this world of data centers, but also talking in in a bit of detail about Galaxy data centers. I know you've got some exciting plans, a lot of good things happening, so we can share some of that with the audience. Before we go into it all, do you both want to just give a quick introduction of who you are and what your role is at Galaxy Data Centers?
SPEAKER_01Dave, should we start with you? Yeah, absolutely. I am one of the partners at Galaxy Data Centers. We founded Galaxy in late 2018, 2019. So just a background, I started my career in the venture capital industry where I was investing on deep tech, uh, AI, cybersecurity, IoT, clean tech. And I realized that one of the largest line item expenses uh across our portfolio companies was actually computing infrastructure with cloud and co-location. And many of my portfolio companies began asking me to help them reduce their uh AWS bills, uh, which got me deeply involved in the leasing side of the business, uh working as a tenant rep essentially for them to negotiate their cloud deals. Um, you know, help several startups reduce their spend, but you know, then I realized, okay, this infrastructure side of things is really, really interesting. And we decided to start Galaxy, you know, with the thesis that even with the lower rates in data centers, there's still a substantial markup in power. And we started Galaxy to kind of capitalize on our ability to secure energy, data center capacity, and pair tenants. And that's really how Galaxy got started.
SPEAKER_00Very interesting. And Ash, what about you?
SPEAKER_02Yeah. Um, so again, I'm co-founder and managing partner at Galaxy. Um my background really comes from the energy industry, um, kind of coming in. Um, used to trade virtual energy derivatives, uh, invest in uh transmission and and generation infrastructure. So um really kind of coming in from that angle, um, helped advise a ton of data centers in the past, um, and and you know, figure out retail, uh, retail power contracts for for a lot of facilities, and then made that transition over to being a data center and helping advise other operators and and owners. Um, and so yeah, it was a pretty pretty natural transition for me.
unknownYeah.
SPEAKER_00Yeah, sounds like it. And I think one point I want to say as well, like you must have seen quite a lot of change and shifts in your in your period in the industry. Uh even from the 2018 to now, we've seen a massive shift. But throughout your career, I guess you you both must have seen huge changes from the investment side, the the capital required, but also the industry as a whole.
SPEAKER_02Yeah, I mean, when when when I started in uh kind of the power industry, one of the things that we used to see a lot of was was, you know, our focus was primarily on industrials and manufacturing uh because they were the the large power users. And that's shifted almost 180 to data centers. Um and and the the entire industry um in in kind of the the energy sector, that's that's really oriented itself now around serving not only retail and commercial loads, you know, your your typical office buildings and residential, but now really you know, driving data centers as a core segment in their portfolios.
SPEAKER_01Yeah, and to add to that, right, like talking about shifts. So when we started, you know, we kind of had a thesis that energy is gonna be, you know, the future data centers. We also did some Bitcoin mining. Uh and you know, we realized that actually data centers of the future are gonna look a lot more like mining facilities than you know, traditional data centers. Um, other shifts, you know, obviously 2020 and 2022 and before, uh AI was nowhere to be found. And uh, you know, I as you might have seen, Andy, uh technology is always changing, and you know, if you're at the forefront of it, you have to challenge norms. Um for example, you know, I recently read this quote from Jansen, you know, where where he was talking about uh it took almost 15 years for the traditional data center and you know cloud industry to reach a trillion dollars, and AI, you know, we're uh it's gonna take four. Uh so it's just really interesting how fast this this industry is growing and how many shifts we're seeing. Uh it seems like we're all we're we're completely evolving uh technologically deepfrogging where we are four years from now. So really excited uh what we're gonna see here in the future.
SPEAKER_00Yeah, it's a crazy day. I think I commented on one of my posts yesterday, nobody knows what's coming next. And and whenever anyone ever tries to tell me the prediction in growth, I always say, well, I don't think anyone knows. If we knew, we'd uh we'd be very rich, but we certainly put some put some money on it. And it brings us on to Galaxy. You obviously you mentioned they you know formed it 2018-2019. Do you want to give a quick overview of Galaxy data centers, kind of what you're doing, what your plans are, and then we'll go into it a bit more detail.
SPEAKER_02Yeah, so so Galaxy advises, designs, and operates modern wholesale co-location and hyperscale data centers across uh North America, EMEA, and Southeast Asia. Um, mission is really to deliver scalable, energy efficient data center solutions and really to meet and exceed kind of the ever-changing needs of the industry as a whole. Um and you know, this facility that we acquired in in London really is is a step forward um in meeting that vision. Um, we've got 24 megawatts of uh uh utility capacity um and plans for developing kind of another 15 megawatts of um of critical IT um in two new uh facilities. Um yeah.
SPEAKER_00Sorry, it's and Dave, anything to add on that?
SPEAKER_01Yeah, uh as an owner, developer, operator, you know, we're obviously we're focusing on the enterprise segment, uh, the hyperscale segment, but uh really good diving into the future, uh focusing on AI. Uh but yeah, uh Galaxy's core focuses aligning energy, power, and customer demand, uh, and and building uh critical infrastructure for the needs of tomorrow.
SPEAKER_00Yeah, and and Ash, you mentioned the Red Hill data center, which I think was January, wasn't it, that that was that was announced. Seems like only yesterday, you know, so seven months ago already. But how do you want to tell the story about how that came about and and unless you say a bit more on your plans for that facility?
SPEAKER_02Yeah, so historically, Galaxy had been you know really focused as an advisor for a lot of different facilities, a lot of different owners. Um, and so Red Hill Data Center kind of was an opportunity for us to really step into the ownership role and operations role ourselves. Um and so that was it it just kind of naturally um came together. Um, and you know, we've we've been hard at work trying to uh kind of put our put our flag down and and and kind of start to grow a platform.
SPEAKER_01Yeah, and you know, the thesis behind that, Andy, was uh we saw a particular segment of the market that was being underserved. Obviously, uh in terms of uh you know absorption, all these tier one cities, flap D markets, you know, are almost at capacity, less than five percent vacancy in most of these markets. Uh but Galaxy always has had an edge in working on energy arrangements. That's how actually the thesis with which we started Galaxy. So we saw an opportunity to enter a market uh that uh it was extremely hard to secure more energy, more sites. And what we loved about Red Hill was not only is it, you know, right along the M25 corridor, along with other key data centers, had the right latency. Uh, but we were able to secure additional energy to the site, which was previously not available. And if you follow uh if your listeners follow the UK market, uh there's a lot of talk about you know getting energy in the future and doing large sites, but the reality is uh that right now, even um that there's not a lot of uh vacant capacity available. Uh and certainly it's extremely hard to secure new energy to any site. Um and our thesis, you know, low vacancy uh ability to Galaxy's unique ability to secure energy and constrained markets, that is how you know we can we decided to pull the plug on it. Not to mention we also saw that you know in the US, in other markets, that's where train AI training is happening, uh because uh you know the cost of energy is is substantially lower compared to to Europe. On the other hand, you know, there's micro-edge interfail uh you know, inference ability uh in edge markets, but there's a part of the market that people were not paying a lot of attention to, which is the you know, 15 to 20 megawatt AI built uh close to edge inference ability, uh sites with uh ability to inference, and that is the culmination of all of these things really um allowed us to you know go for red hill, and we're really excited, and we want to programmatically develop, acquire, build uh more facilities in Europe.
SPEAKER_00Yeah, and you mentioned AI, and obviously we like you said earlier, we've got to talk about it. We never used to talk about it, but now it's uh now it's pretty much all we talk about. And obviously, latency is important. The myth is busted ages ago that you know latency doesn't matter for AI workloads, as as you've just said. But legacy data centers is obviously a challenge with that as well. It's you know, how do you make the data center suitable for the workload of tomorrow, whether that's power, you know, the the density of the racks or anything? So, how are you gonna go about that process within Red Hill and other data centers that you bring into the platform?
SPEAKER_02Yeah, so Red Hill is actually kind of in one of those unique vintages of data centers where it has actually very strong capabilities to be um to be very flexible. Um you've got technologies like a chilled water loop, which which, you know, you think um you know every data center's got to have a chilled water loop, but it's it's it's it's beyond just having a chilled water loop, it's having a chiller infrastructure that allows you to come in, um put in uh things like CDUs that that can allow direct-to-chip cooling, um, that can allow some of the um you know cold aisle containment uh infrastructure that you want for AI specifically. Um, these they've got new types of of uh cooling racks and and and things that you can deliver within the data halls themselves. And Red Hill is actually, you know, you've got the space, you've got the power, you just need to put it put it together to make it happen. So it's it's a it's minor configuration changes um to to floor space, and you you can you know be active with an AI build in in you know a couple of weeks. I mean it's it's it's it's marvelous how adaptable some of these uh these sites actually are when when you when you really peel peel off the onion and and look into it. Um and so I think we're gonna see a lot more of those types of facilities. And in general, you know, one of our theses is is really to go in, uh find facilities like Red Hill that have that capability where you can come in um to a legacy facility and come in over the top and and and adapt it to an AI workload. And and you're gonna see a lot more of that because a lot of these facilities are in those constrained areas, those latency focused areas, where you need at least the the edge inference locations, and you're gonna come in, you're gonna put in retrofits and and uh configuration modifications to bring in the AI infrastructure into those sites.
SPEAKER_01And you know, to add to that, right? Like in all of Europe right now, there are like 15 to 20 facilities that are purely designed for AI, and we're gonna need to use existing infrastructure and adapt it. Uh what's interesting, uh, you know, we we are one of the few sites which actually already have the Nvidia uh you know H100 uh implementate out with some of our customers. We also have you know very interesting tenants. But to speak to your question, how do you accommodate AI and existing infrastructure um and you know bring DLC? We we we've seen a variety of ways that you can go about doing that. Uh you can get racks from HP, Dell, uh which are essentially just cabinets that you put inside your existing data halls. Uh, you're supplying the energy, and within those racks, you can go up to 100 to 150 KW per rack. So that's one way of accommodating AI within existing data centers. But Andy, it's also quite interesting to to kind of uh draw you to the gaps uh that that we see. You know, there are financial enterprises that don't want to you know go beyond the six to eight KW per rack type of densities. You know, hyper as you know, hyperscalers are also trying to go through a refresh, figuring out where their technology is gonna be, uh, and that's why they're deciding do they want to do DLC, do they want to do immersion, what combinations? So they're also going through and refresh themselves. Uh, but we think the sweet spot is uh to kind of have high really high density rows uh with uh uh with chilled water loops, uh where you can do uh direct uh liquid chip cooling. There's a variety of options to accommodate. And I think you know, since Europe doesn't have a lot more power capacity coming online, we would have to uh repurpose some of this existing infrastructure. We are doing that. And um to go beyond that, we've got 15 MV8 uh new build that's coming purely for AI. So the idea is that you know, data center environments should be able to accommodate different types of use cases. There's obviously the strong enterprise side, which you know is within the 8 to 10 KW, that is the hyperscale side, but now with AI, you have to be able to accommodate them, give them the densities that they want, but you also have to be able to cater to other customers because it's an ecosystem where they're all working with each other.
SPEAKER_00Yeah, I think in this industry it's easy to get lost in the scale, isn't it? Like bigger is better. Or you see 500 megawatt data sensors announced, you see 120, 150 kilowatt racks, and you think that is a solution for somebody, but like you just said, it's not a solution for everybody. And I think sometimes in the industry we get a bit lost in the oh, we're only going to need two racks in a hall because that's you know that's the scale. But like you say, that's not what everybody wants or needs. So there's a lot of change coming, and I think the um the legacy data centers, and like you said, the refit and the retrofit is a forgotten industry sometimes because we are immersed in this news of, and it's partly my fault for sharing a lot of the news, but you know, there's 500 megawatt data center announced, 200 megawatt, 4.5 gigawatt announcement by Stargate or whatever it might be, we do get lost in the scale sometimes and forget about the, like you say, the everyday customer that uh there's a lot there's a lot of them out there as well.
SPEAKER_01Even from a valuation perspective, you know, we've seen places like Dallas Informark and you know, old legacy buildings, one Wilshire, uh, you know, in LA, some of the most valuable data center assets out there are older buildings with excellent connectivity that that you're you refurbish to whatever the latest, greatest use cases that your customers are demanding. So so totally with you, Andy, on that.
SPEAKER_02Yeah, and I mean I think I think that that lead that's an excellent point, Dave. I mean, it's you've got a situation where many of these sites that are these latency heavy sites, these these network hotels, they're some of the most valuable pieces of infrastructure on the planet. And we need more of those, not fewer.
SPEAKER_00Yeah, definitely. And another point I wanted to talk to you about, and you because of your backgrounds as well, is power, you know, like and and the challenge you'll be experiencing yourselves in the industry. Power is a big problem. Like, you know, we all know that, and it's something that we need solutions for. How do you see the industry adapting to the power demand? And as density goes up and everything, you know, what does the industry need to do in order to kind of move with the power requirements? Because I think that's where it's struggling at the moment, keeping up to the demand.
SPEAKER_02I think it it needs to go and and work very closely with generation. Um, I think you're going to see in industry um a lot more assets and a lot more facilities that have a lot stronger partnership with generation assets, generation owners. Um, and so I think as we as we go and navigate the industry, you're you're talking about Microsoft Energy working with um you know all of these different things to actually build uh natural gas facilities, solar facilities, even nuclear facilities, some of the the mini um you know 150 megawatt nuclear, uh small nuclear modular nuclear facilities they're they're working on. And I think that's that's not a blip. I think that's a that's a trend. And I think it's it's it's only going to get deeper and broader as utilities and data centers have to figure out ways to work much closer together. And I think that that's really where where the industry goes. You're gonna see all of these types of solutions that you know add on a couple megawatts that add on, that bring in additional power onto site that allow some of these site owners to do additional generation. You're gonna see uh changes in the way that that industry has been looking at at backup generation. And so you're gonna see more natural gas uh reciprocating engines on site with a lot of these data centers. So it's I think I think that's where where you're you're really going to see a merger where data centers start to look a lot more like power plants and power plants start to look a lot more like data centers. So it's a convergence that's coming, but I I I think we're still a few years away from that, but it's it's it's definitely something that I'm I'm starting to see uh you know, some of our customers, some of our clients really talk about. And and you know, we've been even been approached by a utility on well, how do we how do we actually work well with you guys? How do we figure out how we can even deploy um you know data center infrastructure, digital infrastructure, so that we can have Microsoft or Google as an end user?
SPEAKER_01Actually, I'm I'm gonna take it a step beyond that. And you know, speaking of technological shifts, uh uh in my opinion, Andy, uh and you know, Galaxy's opinion certainly, the future is, uh, like Ash was alluding, uh doing facilities with generation and data center going in together. Uh, we are seeing some of that, uh, you know, integration in the US and you know, other markets, the players like Crusoe and you know others who are who are trying to combine that. And actually, you know, that actually makes us really bullish. Uh you know, as I mentioned, one of Galaxy's core advantages. was always on the energy side. And what we hope to replicate in Europe going forward is a similar kind of model where you do your own energy generation and then you have your own data center offtake, which would allow you to A B really efficient because there's online losses, it's something behind the meter, to sustainable. And I think that is, like Ash was alluding, that that is what the hyperscalers are looking for. That is what the AI customers are looking for and and figuring out how to integrate both of this is where the future is. And you're going to be seeing a lot more of that, hopefully starting with Galaxy.
SPEAKER_00Yeah, it's it's it's fascinating, isn't it, this time like this the crossover between power and data centers, like you say, consumer to producer. It's it's a fascinating time. Like where this goes again like you can kind of predict it, but it's going to be a transition over the over the next few years. Absolutely I think sorry go on now.
SPEAKER_02Yeah I I think one of the things that is a little bit underestimated is the effect that data center loads have on grids um and especially with AI. When an AI workload starts it causes a lot of strain on on many grids. And so a lot of times it's it's incumbent on AI builders and AI owners to to actually build microgrids because then they can adapt their load profile to their generation much more succinctly. Because when you when you're bringing on a you know inference engine train that you know you're you're going to go from you know zero to a hundred megawatts in in a an hour there's no grid that can that can handle that type of fluctuation very easily and you're going to have to then when when that com model completes you're going to have to drop all that load. And again it's it's it's just a massive strain on on on grid. And so people I think have underestimated the work that utilities have had to do to to kind of react to that type of load profile. But I think it's it's it's incumbent especially on on owners like Crusot and like different developers that are working towards building those AI-focused hyperscale facilities it's incumbent on them to design microgrids and design resiliency in their transmission networks to actually be reactive to that type of chunky load response.
SPEAKER_01And to add to that right like rather than upsetting or you know taking energy from other projects such types of developments would actually help the grid in being stable in in being able to serve their communities.
SPEAKER_00Yeah and I know and I'm aware of a few microgrid projects that are happening. So yeah it's definitely again it's another another trend certainly moving to the fore. The final point I wanted to touch on with you both is is around the capital side of it. You know you're in that you're from that world you understand it you know much better than I do but we've obviously seen significant capital flow into the industry and the question I get asked all the time is kind of you know when when will it end and you know whether we can answer that one or not. But you know you're obviously out there looking for you know equity partners or debt partners and the capital side of it.
SPEAKER_02What's your sort of general view on capital right now you know are we in the middle of it are we towards the end of it or you know what's the view from the market I think where where a lot of that ends up is there's just a lot of reaction from industry um there's a lot of reaction from sovereign nations as this is a strategic you know it's it's a strategic initiative for for a lot of both capital owners as well as um sovereign nations. And so I think from from their perspective everyone really does recognize that data centers and AI infrastructure are our core infrastructure component of their nation's ability to to compete. And in many ways it is very existential for for a lot of these organizations to to grow their ability to invest and own data center assets, digital infrastructure assets. And I don't think that changes anytime soon. I think it where where it ends up is is first you you have right now I don't think we're we're in the phase yet where we're quite in a bubble. I think we're far away from even meeting the needs of where infrastructure demand is going. And so in terms of if I think you know we're we're going to go through a a a phase of of low growth, we might um obviously that that is very interest rate dependent because how much how much capital is available to the markets you know is anyone's guess. But in terms of of the demand, I think you're really you're really just at the beginnings of of where where we need to be with demand from um just sites in general but also beyond that from power infrastructure we just don't have enough energy generation. I think I read somewhere you know China's adding on generation in the gigawatts you know terawatts and everywhere else you know Europe North America we're adding on you know just hundreds of megawatts at a time and and and it's it's just a qualitative difference when when you're looking at that and seeing well what are they seeing that we're not seeing and and the answer is it's it's it's that capital formation in the US for the US's ownership for EMIA and EMIA's ownership is just a lot slower in in many ways and it's a lot more you know diversified but it it it's I think it's lagging frankly yeah and you know I have a you know a few points to add there.
SPEAKER_01So Andy there is you know as as you've seen there's an unprecedented amount of capital that is going into the sector and and this sector has kind of evolved right uh back when we were starting and we were trying to find uh investors for Bitcoin mines people were very skeptical hey is this you know uh where is this going etc but lately you know initially it was like VCs investing in data centers then you know we got private equity uh then we started getting real estate investors now it's you know it's transitioning from that to infrastructure funds to to uh you know investors that insurance companies sovereign wealth funds so everybody wants to you know participate in this because there and there is obviously earlier we actually had lack of capital that wanted to go into this industry and it's completely turned around now. You cannot like Ash was mentioning in order to stay relevant in this AI global arms race if you're not in investing in your critical infrastructure you're not investing capital into developing these data centers you're falling behind and that is a lot of interest. But it is also true that as GPs we have a fiduciary responsibility to generate returns for our investors we've also seen some of the existing large investors wanting to um you know cycle their capital and and uh you know take some of it back and you know hopefully grow it in other areas so I don't think the the fact that the demand is six times the available infrastructure is a good proof point to where we're going and how much capital it's gonna attract. But it's also true you're not gonna see the kind of returns that you did you know five, ten years ago when you know you develop an asset and um you know you immediately exit with a lease I think that part it's gonna be more realistic. Earlier you know when you were in spec in investing you know in a hyperscale site your expectation was to get a 2030 IRR because of the risk profile. And the world has changed right like these hyperscale facilities especially when you've got a lease commitment from being hyperscaler um uh it's turned into a negotiation the yields are the risk is much more contained uh because these customers are going to be there and they need your infrastructure but at the same time um um the returns and the yields have also come down uh so you know a hyperscaler project creates for around 10 8 to 10% stable yields uh whereas there is a lot more opportunity on the AI side on on the collocation side the enterprise side and what's really interesting is we are kind of seeing a vertical integration uh where you bring the power the data center infrastructure you bring the equipment you know what what you're seeing with the new clouds you bring the GPUs combine it all together to create a value proposition uh but from a debt and equity perspective uh there is enough capital available to go after some of these assets what's more important is finding the right partners who are in for the right reasons, have the right expectations and you're reliant on stability, sustainability and operational expertise. And and uh one one last thing I'd like to add is that you know we we we hear all sorts of things in the news cycles uh but it's very important to sometimes zoom out and just ask yourself a question if not us are is is are your kids not going to be using AI uh to enhance their lives that there's all this you know talk about AI is going to take jobs and do that you know just like the internet there there was a lot of you know projections that the internet is going to be nothing and Bitcoin is going to be nothing and we consistently see those arguments being beaten down and most likely we're gonna see a lot more AI and it's gonna add to our productivity it's gonna add to our GDP and it's gonna be an enhancer uh not a disruption yeah completely agree I have that conversation my my children use AI all the time they're eight and ten so gives you an idea of I always say look at what your children are doing.
SPEAKER_00That's where the world's going you know we were talking about it yesterday at work.
SPEAKER_01That's very good advice right uh you know rather than worrying about AI bots Terminator style giving us problems we should educate ourselves in it we should get ahead of the curve start using it because from my vantage point I don't see any of these workloads going away I certainly don't see hyperscale going away I don't see enterprises not needing their own colocation infrastructure and I certainly don't see us shutting down chat GPT and perplexity and you know I think it's going to keep evolving and uh we're we're partners definitely and and final question before I let you get on you we've talked a lot about the future already but what's your general outlook?
SPEAKER_00Whether that's for Galaxy data centers, you want to give a quick you know what what's next for you guys or just the industry as a whole just give a bit of a view of of what's coming.
SPEAKER_02Yeah I mean I think I think we're working on a lot of interesting things um you know red hill has been a a a tremendous um new segment for us and I think you know we're gonna we're gonna continue to to work to to grow that type of segment across other assets uh kind of uh in in the markets that we work in North America um IMIA and and Southeast Asia I think that's that's where we see um growth for ourselves um and I think overall you know as as we work to to you know on our thesis of you know looking at generation and and um data infrastructure I think it it it's it's one thing that we're gonna see seek to combine um opportunities where we can we can do those things together um and and see you know how we can how we can uh drive kind of um you know excess return for our for for our investors and our R LPs.
SPEAKER_01Yeah um so you know obviously see the industry continuing to grow uh continuing to be one of the largest consumers of electricity uh in the world uh with galaxy what we're really excited about is that integration of the energy the infrastructure and the compute together and we uh being part of you know different platforms we've seen this for 10 12 years and we see a very positive trajectory for Galaxy where we are all we also become one of the larger platforms competing in in in these three markets but overall as an industry I I I think you know it's kind of that analogy people think you know today that for example that they're too late for Bitcoin for example right uh but you're not too late it's it's the early majority that that's here right now and this thing is going to continue to to grow. I'm not saying that there's not going to be a day somewhere where we have enough computing capacity uh that will come one day one day we're we're gonna overbuild. But that day is at least 10 20 years from now and hopefully by then we're a very large uh data center platform serving our enterprise and hyperscale customers needs and really at the forefront of AI and uh also enabling GPU infrastructure for platforms. Yeah and I look forward to following you on that journey and and sharing it again you know we'll we'll do we'll do regular every 12 months and we can talk about what's changing garry but but also what's changing the industry if a lot happens in 12 weeks so who knows what will happen in 12 months thanks both for your time I'll put the website in the show notes but if anyone wants to reach out to you directly what's the what's the best way to get hold of you um so so we have a PR firm uh uh br marketing firm JSA um i I think uh it's a good idea to contact them but obviously we have our contact information on on the Galaxy Data Center's website and we are always eager to hear uh potential uh customers partners um we're very open-minded I think one one thing that this industry has taught me to be is very open-minded about things and very bullished about the future so uh always looking to hear and uh FII uh Red Hill is one of the only few sites in London that has contiguous amounts of capacity available so if you're a customer uh reach out to us and we'd love to find a bespoke solution for you.
SPEAKER_00That's it the capacity available you don't hear that very often do you so yeah definitely definitely get in touch thanks both for your time as I say I'll put the website in the show notes if anyone wants to reach out to you both and can't find you obviously get in touch with me and I'll um I'll put you in contact but good to speak to you both enjoy the rest of your day and as I said I I look forward to watching the rest of your journey.
SPEAKER_01Absolutely thank you for having us