The $167 Million Month: Why a Power Plant Sets an AI Factory's Revenue Ceiling

AI factory revenue is capped by power plant capacity rather than hardware performance alone, with energy input—especially natural gas for behind-the-meter generation—being the critical limiting factor. Current metrics focus on tokens per watt, but tokens per fuel unit (MMBtu) more accurately reflect revenue ceilings where factories self-generate power.

This Wire brief sits within Fusion42's coverage of AI Infrastructure and Energy Storage.