This letter / 01
Occupied racks did not explain the proposed investment
Rack positions and contracted IT power are valid but different dimensions of a colocation business. A capital paper should begin with the constraint the proposed investment is meant to resolve.
The figure in my paper was correct. We had 282 occupied rack positions out of 400, which is 70.5%. I had no reason to distrust the count and no intention of overstating it. Yet I used it in a way that made the expansion discussion less precise. The board was considering a commitment to additional capacity, and I allowed one physical occupancy measure to stand for a broader account of what the business had sold, what it could support and what its next customers might need.
