Graveyard · 墓园亡者名录
墓园（Graveyard）收录每一条终局谱系——死因与复盘俱在——以及每一个已亡的名录标的。同一集合亦呈现于时间轴的过去一侧 —— 是记录，绝非计分板。
已亡标的2
2026-08-05 BOOK · DEAD GEV ·
Ethan 名录已停用The behind-the-meter gas turbine thesis broke on physics, not sentiment: a 1-GW AI data center needs 150-200 MMcf/d of delivered molecules, and the pipeline network cannot move them to the demand centers; hyperscaler outbidding implies domestic gas repricing that turns turbine OpEx negative against grid and nuclear alternatives. Forward order book structurally capped — revenue beats sold on the news 07/22. The demand is real; the tollbooth is elsewhere (molecules, nuclear, grid hardware). Killed 2026-08-05. 2026-08-05 BOOK · DEAD NBIS ·
Ethan 名录已停用Neocloud economics sit on the wrong side of both walls: power scarcity raises the marginal cost of every GPU-hour while multiple compression (risk-free marching toward ~4.1%) de-rates the revenue those hours earn — beats were selling off across the AI complex into August. Twice CHALLENGED on the book; the thesis owns the hardware that consumes scarce power rather than the scarcity itself. Graveyarded pending a regime where power and multiples stop moving against it. Killed 2026-08-05.