I took a closer look and think $meta has someone with real expertise behind this move.

The old equipment for new narrative, taking advantage of the depreciation to play the time gap in industrial upgrades, paving the way for the next round of financing and expanding AI capex.
I have to say, it's a very practical and efficient set of Wall Street financial tactics.
Known:
1. One of the most troublesome things (among others) in semiconductor finance is depreciation.
2. Technically, the efficiency gap between each generation is huge; the older generation lags by a notch.
3. Meta still needs to keep investing capex to get the latest technology to catch up with the top tier.
4. Even though the equipment is slightly inferior, there are still plenty of people clamoring for it.
This leasing narrative not only helps recover some cash but also provides an excuse for continuously increasing capex while AI products still underperform.
I'm not good at AI, but I'm in the leasing business, so increasing capex is perfectly reasonable~
Meta now