Sovereign AI Compute
Infrastructure for Europe.
Speedbone and Aroundtown are converting prime real estate into GPU data centers — sovereign, GDPR-compliant, and plugged into the Bittensor network.
50 GPUs · Pilot
200 GPUs · Scale
500 GPUs · Dominance
Base case 3-yr
1,000 GPUs · Plateau
Build your scenario.
Adjust TAO price, GPU count, power costs, and revenue mix. Real-time economics from our SN27 Bittensor subnet research — 50-GPU pilot base case. Current market (March 2026): TAO $336–369 — default set to $340 mid-range.
5-Year Pro Forma.
Detailed projections from the March 2026 board financial model. Base case assumptions: €3.00/hr enterprise cloud, $195 TAO, €0.14/kWh power via Aroundtown PPA.
Pilot Validation
Profitability & Growth
Multi-Site Scale
| Y1 · 2026 | Y2 · 2027 | Y3 · 2028 | Y4 · 2029 | Y5 · 2030 | |
|---|---|---|---|---|---|
| GPU Fleet | 50 | 200 | 500 | 750 | 1,000 |
| Revenue | |||||
| Enterprise Cloud | €382K | €1.528M | €3.81M | €5.50M | €7.10M |
| Bittensor Mining | €27K | €158K | €395K | €580K | €750K |
| Waste Heat + Other | €30K | €180K | €435K | €600K | €800K |
| Total Revenue | €439K | €1.87M | €4.64M | €6.68M | €8.65M |
| YoY Growth | — | +325% | +149% | +44% | +29% |
| Operating Costs | |||||
| Power (€0.14/kWh) | €70.6K | €282K | €2.05M | €3.00M | €3.80M |
| Facility / Network | €50.2K | €114.6K | €154.8K | €200K | €240K |
| Labor (Speedbone team) | €85K | €170K | €295K | €350K | €400K |
| Maintenance + Other | €28K | €54K | €119.2K | €150K | €180K |
| Total OpEx | €233.8K | €620.6K | €2.619M | €3.70M | €4.62M |
| EBITDA | €205K | €1.245M | €2.021M | €2.98M | €4.03M |
| EBITDA Margin | 47% | 67% | 44% | 45% | 47% |
| Net Income | €84.2K | €724K | €1.159M | €1.778M | €2.506M |
| Capex & Cash | |||||
| Total Capex | €1.01M | €1.845M | €1.488M | €800K | €600K |
| Free Cash Flow | −€861K | −€991K | −€129K | +€1.198M | +€2.136M |
3-Year Capex Need · €4.34M
Funding Mix · Growth Scenario
Three structural advantages no hyperscaler can replicate.
Real estate, operations, and network access — assembled into one investment thesis.
EU Data Sovereignty
German infrastructure, German ownership. GDPR-native from day one. No data leaves EU jurisdiction. Enterprises that cannot rely on US cloud providers have exactly one credible alternative: sovereign GPU compute on German soil.
Hybrid Revenue Model
Enterprise cloud contracts provide stable cash flow. Bittensor network participation generates TAO token yield. Two independent revenue streams hedge against market cycles — neither depends on the other to be profitable.
Berlin–Frankfurt Infrastructure
Alboin-Kontor data center in Berlin. Expansion into Frankfurt — Germany's financial hub. Co-located at DE-CIX and BCIX with the highest carrier density in Berlin-Brandenburg. 100% renewable energy since 2008.
Two pillars. One infrastructure play.
Aroundtown owns the real estate. Speedbone operates it. Together they form the only credible foundation for sovereign AI compute at scale in Germany.
Data Center Operations
20 years operating Berlin's Alboin-Kontor data center. Carrier-neutral. Connected to DE-CIX, BCIX, and ECIX. The backbone of Berlin-Brandenburg internet infrastructure — and Raick's operational core.
Real Estate Portfolio
Europe's largest listed commercial real estate company. 100+ buildings with energy approvals suitable for data center conversion. 6 Berlin locations already cleared. MDAX-listed. Actively seeking operator partners.
Serious capital.
Serious infrastructure.
Partnership inquiries, investment discussions, and enterprise compute contracts.
neuralgrid@polsia.app →