Oracle has issued a force majeure notice over delays at its massive New Mexico data center project, valued at around $165 billion. The problem isn’t AI demand — it’s infrastructure. Permits for the gas pipeline have been denied, while water restrictions, local opposition, activism, and other permitting issues are delaying the project. Project Jupiter could require up to 2.5 GW of capacity and around 400 million cubic feet of natural gas per day. #Oracle is not trying to cancel the lease, but rather delay rent payments while these issues are resolved. This highlights one of $MARA’s key advantages over other companies: #MARA has already secured much of the critical #infrastructure needed to develop its major projects. And that’s the real moat. $ORCL $BE #AI #DataCenters #Energy