Energy Bottleneck
Compute demand has outpaced grid capacity. We model hashprice economics, nuclear baseload, and the energy constraints that will determine which AI infrastructure projects survive the decade.
POST-SOFTWARE CYCLE INVESTMENT RESEARCH
Zhan Capital researches and invests at the intersection of sovereign AI infrastructure, energy systems, and digital monetary networks. We follow the thesis where the software cycle ends and physical-world value creation begins.
Compute demand has outpaced grid capacity. We model hashprice economics, nuclear baseload, and the energy constraints that will determine which AI infrastructure projects survive the decade.
The materials required for sovereign AI and clean energy are concentrated in a handful of jurisdictions. We map extraction, processing, and refining chokepoints that most financial analysis ignores.
Nation-states are building independent compute and monetary infrastructure. We track how sovereign competition reshapes capital flows, supply chains, and the long-term value of physical assets.
If you are building or allocating capital in sovereign infrastructure, energy, or digital monetary networks, we want to hear from you.
Contact Zhan Capital