The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Flow type · asset purchase

$126.1B tracked across 15 claim(s) (+20 more without a settled point figure — see members) (+3 reported, not closed, $20.0M point figure, not in the total — see members)

Sum of point-figure, USD-denominated flow claims tagged Flow type · asset purchase in the money-flow graph, leaving out claims with no realization status (reported, not closed) and guarantees (contingent).

Aggregate of 38 member claims — each member's sourced figures are below.


the working

Basis

Sum of point-figure, USD-denominated flow claims tagged Flow type · asset purchase in the money-flow graph, leaving out claims with no realization status (reported, not closed) and guarantees (contingent).

The pieces 38

Every claim that fed this total, plus any that couldn't be summed — click a row for its own sourcing.

FlowAs ofAmount
SK Hynix → unnamed vendor(s) — memory & storage vendor unnamed2027-07-01T00:00:00Z$38.1B
Samsung → unnamed vendor(s) — land, shell & materials vendor unnamed2021-11-23T00:00:00Z$17.0B
Micron → unnamed vendor(s) — memory & storage vendor unnamed2022-09-01T00:00:00Z$15.0B
Nvidia → Hugging Face2026-09-03T00:00:00Z$12.9B
Ase → unnamed vendor(s) — compute silicon & systems vendor unnamed2026-01-01T00:00:00Z$10.5B
Amkor → unnamed vendor(s) — land, shell & materials vendor unnamed2025-10-06T00:00:00Z$7.0B
Micron → unnamed vendor(s) — memory & storage vendor unnamed2025-01-08T00:00:00Z$7.0B
Nvidia → Poolside2026-08-20T00:00:00Z$6.0B
Flex → EPC Power2026-09-03T00:00:00Z$4.4B
Google → Character.AI$2.7B
Vantage Data Centers → Turner Construction2024-11-04T00:00:00Z$2.0B
Nvent → Maverick Power2026-08-24T00:00:00Z$1.8B
Vultr → Hewlett Packard Enterprise2026-09-30T00:00:00Z$1.2B
General Compute → SambaNova$400.0M
CoreWeave → Core Scientific2025-02-26T00:00:00Z$104.0M
The Walt Disney Company → Character.AI in talksin talks, not counted
ext (population) (investors in the proposed chip vehicle) → Amazon in talksin talks, not counted
Akamai → Jabil2026-09-24T00:00:00Znot summed
Core Scientific → unnamed vendor(s) — land, shell & materials vendor unnamed2024-11-19T00:00:00Znot summed
Crusoe → GE Vernova2024-12-01T00:00:00Znot summed
BlackRock → Blue Owl Capital in talks2026-09-24T00:00:00Zin talks, not counted
Amazon → Synopsys2026-09-30T00:00:00Znot summed
AMD → World Labs2026-09-28T00:00:00Znot summed
Nebius → Inferize2026-10-01T00:00:00Znot summed
Softbank → DigitalBridge2026-09-30T00:00:00Znot summed
Infineon → C2i Semiconductors2026-08-24T00:00:00Znot summed
Meta → Entergy Louisiana2025-01-01T00:00:00Znot summed
Nvent → Maverick Power2027-01-01T00:00:00Znot summed
Nvidia → Coherent2026-03-02T00:00:00Znot summed
Nvidia → Lumentum2026-03-02T00:00:00Znot summed
Nvidia → xAI2024-09-01T00:00:00Znot summed
OpenAI → AMD2026-07-01T00:00:00Znot summed
Amazon → Generac2026-09-16T00:00:00Znot summed
Amazon → Grand Ming Group2026-09-18T00:00:00Znot summed
Amazon → Qualcomm2026-09-08T00:00:00Znot summed
TSMC → unnamed vendor(s) — compute silicon & systems vendor unnamed2026-01-01T00:00:00Znot summed
TSMC → unnamed vendor(s) — land, shell & materials vendor unnamed2021-01-01T00:00:00Znot summed
TSMC → unnamed vendor(s) — land, shell & materials vendor unnamed2025-03-03T00:00:00Znot summed
Total (settled figures only)$126.1B

A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Research · Q1.