Execution And Scaling RiskGPU hosting remains at proof-of-concept stage, creating uncertainty around execution and the company's ability to scale to broader commercial levels.
GPU Supply And Capital DependencyAchievement of management's cloud growth targets requires acquiring and deploying many additional GPUs, making outcomes sensitive to GPU supply constraints and financing availability.
Profitability And Margin PressureRevenue growth that missed expectations, combined with weaker margins and a substantial net loss, raises concerns about profitability and the need for tighter cost discipline.