Tightness Gauge: Annualized Revenue per H100e (History Plus Projection)

The orange zone is the price-increase test window. The green band, $4,500 to $6,500, is the target range: the lower edge is the breakeven line for a new site including depreciation, the upper edge a simplified annual total cost of ownership. The thick orange dashed line at $5,600 is the key threshold, above which incremental CapEx has positive NPV. The red dashed line at $9,500 is full breakeven on the installed base including cost of capital. The gold line at $1,400 is cash operating breakeven, already crossed.