We were promised an ethereal cloud of boundless, weightless compute. Instead, the tech industry collided headlong with the copper, turbines, and megawatts of physical reality. As hyperscalers scramble to restart mothballed nuclear reactors, broker ten-gigawatt power purchase agreements, and outbid sovereign nations for electrical grid capacity, the romantic illusion of the serverless frontier has evaporated. In this issue, we audit the physical substrate beneath the algorithm. The cloud is no longer an invisible utility; it is a locked, monopolistic toll road running through a power grid on the brink of exhaustion. When compute becomes an energy crisis, who actually owns the horizon?