Comment by vayup

> They've got, ballpark, $5t to $10t to make back in the next 5 years, or the hardware buildouts will start getting written down.

Depreciation and write-offs are about accounting models. Hardware will still be running after five years and still be making money. They may not be as efficient as the new hardware, but they will still be making real money even though they are valued at $0 in the books.