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Mid-week video update on AI data centers, artists formerly known as #Bitcoin miners. Just like the good old times. $WGMI $HUT $IREN $CIFR $KEEL $CLSK $MARA $RIOT $CORZ $HIVE

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Cantonese Cat 🐱🐈

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19,694 görüntüleme • 10 gün önce •via X (Twitter)

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Recorded livestream from YouTube earlier this afternoon for your viewing pleasure! #Bitcoin $WGMI $MARA $CLSK $RIOT $GLXY $CIFR $IREN $WULF $BTBT $BITF $HUT $CORZ $BTDR $HIVE $MSTR $MTPLF $SBET $BMNR $BTCS Ignore the first 30 seconds...
26:45

Recorded livestream from YouTube earlier this afternoon for your viewing pleasure! #Bitcoin $WGMI $MARA $CLSK $RIOT $GLXY $CIFR $IREN $WULF $BTBT $BITF $HUT $CORZ $BTDR $HIVE $MSTR $MTPLF $SBET $BMNR $BTCS Ignore the first 30 seconds...

Cantonese Cat 🐱🐈

43,197 görüntüleme • 11 ay önce

What the hell is going on with these #Bitcoin miners? Cantonese Cat 🐱🐈, you've been wrong for so long! Are you ever going to be right? Here are my thoughts. $IWM $WGMI $CLSK $MARA $BITF $CIFR $IREN $WULF $BTBT $RIOT $HUT $CORZ $HIVE $BTDR
27:56

What the hell is going on with these #Bitcoin miners? Cantonese Cat 🐱🐈, you've been wrong for so long! Are you ever going to be right? Here are my thoughts. $IWM $WGMI $CLSK $MARA $BITF $CIFR $IREN $WULF $BTBT $RIOT $HUT $CORZ $HIVE $BTDR

Cantonese Cat 🐱🐈

39,295 görüntüleme • 1 yıl önce

The #Bitcoin miner ETF $WGMI is making all time highs. $IREN $CIFR $WULF $HUT and others are looking bullish, many of them are #Palantiring. What about the laggards $CLSK $MARA and $BTBT? Let me publish this video and focus on these 3 laggards to see where they go from here.
21:30

The #Bitcoin miner ETF $WGMI is making all time highs. $IREN $CIFR $WULF $HUT and others are looking bullish, many of them are #Palantiring. What about the laggards $CLSK $MARA and $BTBT? Let me publish this video and focus on these 3 laggards to see where they go from here.

Cantonese Cat 🐱🐈

114,161 görüntüleme • 11 ay önce

42 minute rant on the market: #Gold #Silver $SPX $QQQ $IWM Rotation $BTC $OTHERS #China #Japan and will $NVDA keep leading the market? Timestamps below: 00:00 Gold and Silver 05:50 $SPX $QQQ $IWM $ARKK 11:40 $RUT/$SPX: Story of rotation into small caps 15:15 $XBI $ARKG Biotech is bullish 16:50 Fintech is bullish $HOOD $SOFI $SHOP $AFRM $PYPL $XYZ 21:00 Miners/AI dating centers $IREN $CIFR $WULF $BITF $CLSK $HUT $RIOT $MARA 26:20 #Bitcoin 30:30 $OTHERS 32:40 China is bullish: $HSI $BABA 34:00 Japan is OK: #NIKKEI 36:00 Will $NVDA keep leading the market or will something else lead?
42:04

42 minute rant on the market: #Gold #Silver $SPX $QQQ $IWM Rotation $BTC $OTHERS #China #Japan and will $NVDA keep leading the market? Timestamps below: 00:00 Gold and Silver 05:50 $SPX $QQQ $IWM $ARKK 11:40 $RUT/$SPX: Story of rotation into small caps 15:15 $XBI $ARKG Biotech is bullish 16:50 Fintech is bullish $HOOD $SOFI $SHOP $AFRM $PYPL $XYZ 21:00 Miners/AI dating centers $IREN $CIFR $WULF $BITF $CLSK $HUT $RIOT $MARA 26:20 #Bitcoin 30:30 $OTHERS 32:40 China is bullish: $HSI $BABA 34:00 Japan is OK: #NIKKEI 36:00 Will $NVDA keep leading the market or will something else lead?

Cantonese Cat 🐱🐈

55,721 görüntüleme • 8 ay önce

Livestream completed from YouTube this morning, and recorded for your viewing pleasure on X! 00:00 Future plans, market course 03:00 Indexes $SPY $QQQ $IWM $ARKK 12:00 Copper, Gold, Silver, ISM PMI 20:00 $HSI China $NIKKEI $KOSPI $TIGR $FUTU $BABA 28:00 Yields, $TLT, Oil, Inflation 31:00 The Japanese Yen Carry Trade update 34:30 $IGV $SOXX 38:00 $WGMI $CIFR $IREN $WULF $CLSK $MARA 41:00 $GLXY $PLTR $TSLA 46:00 #Bitcoin #Ethereum $COIN $CONL $BMNR $BTCS
53:46

Livestream completed from YouTube this morning, and recorded for your viewing pleasure on X! 00:00 Future plans, market course 03:00 Indexes $SPY $QQQ $IWM $ARKK 12:00 Copper, Gold, Silver, ISM PMI 20:00 $HSI China $NIKKEI $KOSPI $TIGR $FUTU $BABA 28:00 Yields, $TLT, Oil, Inflation 31:00 The Japanese Yen Carry Trade update 34:30 $IGV $SOXX 38:00 $WGMI $CIFR $IREN $WULF $CLSK $MARA 41:00 $GLXY $PLTR $TSLA 46:00 #Bitcoin #Ethereum $COIN $CONL $BMNR $BTCS

Cantonese Cat 🐱🐈

38,330 görüntüleme • 1 ay önce

Public Bitcoin Miners Are Going Extinct as AI Compute Takes Over "TeraWulf signs 19 billion lease with Anthropic for AI infrastructure campus, expects to bring 400 megawatts of computing power online by 2028" "It's $19 billion contract for 20 years, basically just to host AI infrastructure instead of Bitcoin mining infrastructure for a company that's entire market cap is $12 billion ... this one deal alone is bigger than all of TeraWulf" "So I believe we've seen 70 billion plus dollars in AI compute contracts for the artists formerly known as Bitcoin miners" "At the same time that these miners are wholesale moving over to AI, they're also now selling Bitcoin and have ceased to be holders" "And I really do think that public Bitcoin miners are largely going to become extinct. They're going to be AI compute centers that occasionally probably maybe decide to mine a little bit of Bitcoin"
2:12

Public Bitcoin Miners Are Going Extinct as AI Compute Takes Over "TeraWulf signs 19 billion lease with Anthropic for AI infrastructure campus, expects to bring 400 megawatts of computing power online by 2028" "It's $19 billion contract for 20 years, basically just to host AI infrastructure instead of Bitcoin mining infrastructure for a company that's entire market cap is $12 billion ... this one deal alone is bigger than all of TeraWulf" "So I believe we've seen 70 billion plus dollars in AI compute contracts for the artists formerly known as Bitcoin miners" "At the same time that these miners are wholesale moving over to AI, they're also now selling Bitcoin and have ceased to be holders" "And I really do think that public Bitcoin miners are largely going to become extinct. They're going to be AI compute centers that occasionally probably maybe decide to mine a little bit of Bitcoin"

The Wolf Of All Streets

27,339 görüntüleme • 1 ay önce

AI INFRASTRUCTURE/ENERGY DEMAND STOCKS TO KEEP ON WATCH FOR 2026 Ex-CEO $GOOGL Eric Schmidt on energy demand driven by AI: "We need energy and the numbers are profound. What we need from you is energy in all forms. People are planning 10 gigawatt data centers" $IREN: owns and develops vertically integrated data centers for hyperscalers $CIFR: large power footprint, 3.4 GW pipeline for AI workloads + HPC $WULF: high capacity, low cost data center expansion across Texas and New York $NBIS: AI compute and cloud services translating energy into revenue $CLSK: America’s Bitcoin Miner transitioning to AI infrastructure with a massive power footprint across 30+ data center sites $BITF: owns and operates power sites positioned for AI workloads, yet to sign with a hyperscaler but could come this year $GLXY: multi-gigawatt data center infrastructure at scale
0:47

AI INFRASTRUCTURE/ENERGY DEMAND STOCKS TO KEEP ON WATCH FOR 2026 Ex-CEO $GOOGL Eric Schmidt on energy demand driven by AI: "We need energy and the numbers are profound. What we need from you is energy in all forms. People are planning 10 gigawatt data centers" $IREN: owns and develops vertically integrated data centers for hyperscalers $CIFR: large power footprint, 3.4 GW pipeline for AI workloads + HPC $WULF: high capacity, low cost data center expansion across Texas and New York $NBIS: AI compute and cloud services translating energy into revenue $CLSK: America’s Bitcoin Miner transitioning to AI infrastructure with a massive power footprint across 30+ data center sites $BITF: owns and operates power sites positioned for AI workloads, yet to sign with a hyperscaler but could come this year $GLXY: multi-gigawatt data center infrastructure at scale

Small Cap Snipa

116,034 görüntüleme • 8 ay önce

Leopold Aschenbrenner fund just reached a new all time high of $20 BILLION. And he’s literally telling you what to buy right now. If you pay attention, you can make a lot of money. Here’s the list: Big long in Bloom Energy (BE), fuel cells for data center power. Heavy in Bitcoin miners pivoting to AI hosting: IREN, Core Scientific (CORZ), Applied Digital (APLD), Riot (RIOT), CleanSpark (CLSK). Recent stake in Nebius (NBIS), AI cloud infrastructure. Private position in Anthropic. By the way, if you’re a serious investor and you care about making money, you need to follow The Assembly with notifications. The door is currently closed but we are reopening access on Monday, for 24 hours only. In 6 months, half of you are going to wish you got in this Monday, June 22nd. Follow The Assembly with notifications or you will regret it later.
0:26

Leopold Aschenbrenner fund just reached a new all time high of $20 BILLION. And he’s literally telling you what to buy right now. If you pay attention, you can make a lot of money. Here’s the list: Big long in Bloom Energy (BE), fuel cells for data center power. Heavy in Bitcoin miners pivoting to AI hosting: IREN, Core Scientific (CORZ), Applied Digital (APLD), Riot (RIOT), CleanSpark (CLSK). Recent stake in Nebius (NBIS), AI cloud infrastructure. Private position in Anthropic. By the way, if you’re a serious investor and you care about making money, you need to follow The Assembly with notifications. The door is currently closed but we are reopening access on Monday, for 24 hours only. In 6 months, half of you are going to wish you got in this Monday, June 22nd. Follow The Assembly with notifications or you will regret it later.

NoLimit

192,167 görüntüleme • 2 ay önce

Leopold Aschenbrenner is a 24 year old who turned $225 million into $5.5 billion in just 12 months. His 13F just dropped and it reveals exactly where he's putting that money. Top holdings, all brand new this quarter: SMH (VanEck Semi ETF): $2.04B NVDA: $1.57B ORCL: $1.07B AVGO: $1.01B AMD: $969M MU: $584M TSM: $535M ASML: $494M INTC: $159M But the most interesting move isn't what he bought. It's what he flipped. Last quarter he held a $747M bullish call on Intel. This quarter that position is now a put. He also cut his CoreWeave position from $774M down to $141M. Full exits: Lumentum, Coherent, Tower Semiconductor, Cipher Mining, Hut 8. What he kept and added: the bitcoin miners turning themselves into AI data centers. Applied Digital, Bitfarms, CleanSpark, IREN, Riot. Plus a brand new position in Hive Digital. The thesis writes itself: Long the companies pouring the concrete for the data centers. Cutting exposure to the chips going inside them. The man who wrote the definitive manifesto on AGI just faded the semiconductors building it. Our analysts are watching every 13F release and positioning accordingly. They were early to $AMD, early to $MU, early to $BE. Don’t miss the next call, come join us for just a $1. (link in bio)
4:06

Leopold Aschenbrenner is a 24 year old who turned $225 million into $5.5 billion in just 12 months. His 13F just dropped and it reveals exactly where he's putting that money. Top holdings, all brand new this quarter: SMH (VanEck Semi ETF): $2.04B NVDA: $1.57B ORCL: $1.07B AVGO: $1.01B AMD: $969M MU: $584M TSM: $535M ASML: $494M INTC: $159M But the most interesting move isn't what he bought. It's what he flipped. Last quarter he held a $747M bullish call on Intel. This quarter that position is now a put. He also cut his CoreWeave position from $774M down to $141M. Full exits: Lumentum, Coherent, Tower Semiconductor, Cipher Mining, Hut 8. What he kept and added: the bitcoin miners turning themselves into AI data centers. Applied Digital, Bitfarms, CleanSpark, IREN, Riot. Plus a brand new position in Hive Digital. The thesis writes itself: Long the companies pouring the concrete for the data centers. Cutting exposure to the chips going inside them. The man who wrote the definitive manifesto on AGI just faded the semiconductors building it. Our analysts are watching every 13F release and positioning accordingly. They were early to $AMD, early to $MU, early to $BE. Don’t miss the next call, come join us for just a $1. (link in bio)

Milk Road Macro

313,372 görüntüleme • 3 ay önce

BITCOIN RAILS #46: BITCOIN MINING IN THE AGE OF AI | with MARA CEO Fred Thiel 🔗 YOUTUBE: 🌿 SPOTIFY: In response to the AI-driven shock in global demand for computing power, large players in the Bitcoin mining industry have been forced to make significant strategic shifts to remain competitive. MARA — the largest Bitcoin miner in the world by hashrate — is emerging as one of the more well-positioned beneficiaries of these changing tides, having transitioned from an “asset-light” strategy (via hosted mining at third-party facilities) to an “asset-heavy” approach (owning its own land, power, and infrastructure) just ahead of the AI compute wave in 2024/25. I sat down with MARA CEO Fred Thiel to discuss how these shifting industry dynamics are playing out in practice — as well as his perspective on how key mining-related security and infrastructure issues may evolve in the coming months and years. In this episode, we cover: — How MARA scaled from near-zero hash rate in 2020 to the largest Bitcoin miner globally by the end of 2023 — Key differences between operating Bitcoin mining facilities versus AI data centers, and where the two models meaningfully intersect — Why ownership of power generation — rather than reliance on PPAs — may represent a durable competitive edge for miners and AI data center operators over time — Why Bitcoin may be entering its “IPO phase,” and why recent price corrections could reflect increasing market maturity rather than structural weakness We also explore more technical and often under-discussed topics, such as heat reuse, open-source mining technologies, and the implications of US policy goals around Bitcoin mining. This episode offers a grounded, operator-level view of where Bitcoin mining is headed, informed by one of the most influential leaders in the public mining sector. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) — a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 📌 00:00 Intro 01:09 From Marathon Patent Group to MARA 06:35 Why Owning Infrastructure is Key 07:46 First Public Companies Mining Bitcoin 09:54 Data Centers For AI vs Bitcoin Mining Facilities 14:07 How AI Data Centers Will Look Going Forward 15:37 How MARA is Diversifying From Bitcoin Mining 19:03 Private Cloud and Data Security 22:20 The Exaion Partnership 26:03 Future of Bitcoin and AI 40:22 Innovative Approaches to AI and Bitcoin Mining 42:06 Challenges and Opportunities in Power Generation 45:38 Strategic International Partnerships 50:43 The Future of Real World Assets 53:53 Bitcoin Mining in China 57:24 Why MARA Runs Their Own Software 01:00:19 Where is Bitcoin Mining Headed 01:04:17 Benefits of Running a Mining Pool 01:07:17 Heat Reuse in Mining 01:12:23 The Role of Data Centers in Power Generation
1:18:39

BITCOIN RAILS #46: BITCOIN MINING IN THE AGE OF AI | with MARA CEO Fred Thiel 🔗 YOUTUBE: 🌿 SPOTIFY: In response to the AI-driven shock in global demand for computing power, large players in the Bitcoin mining industry have been forced to make significant strategic shifts to remain competitive. MARA — the largest Bitcoin miner in the world by hashrate — is emerging as one of the more well-positioned beneficiaries of these changing tides, having transitioned from an “asset-light” strategy (via hosted mining at third-party facilities) to an “asset-heavy” approach (owning its own land, power, and infrastructure) just ahead of the AI compute wave in 2024/25. I sat down with MARA CEO Fred Thiel to discuss how these shifting industry dynamics are playing out in practice — as well as his perspective on how key mining-related security and infrastructure issues may evolve in the coming months and years. In this episode, we cover: — How MARA scaled from near-zero hash rate in 2020 to the largest Bitcoin miner globally by the end of 2023 — Key differences between operating Bitcoin mining facilities versus AI data centers, and where the two models meaningfully intersect — Why ownership of power generation — rather than reliance on PPAs — may represent a durable competitive edge for miners and AI data center operators over time — Why Bitcoin may be entering its “IPO phase,” and why recent price corrections could reflect increasing market maturity rather than structural weakness We also explore more technical and often under-discussed topics, such as heat reuse, open-source mining technologies, and the implications of US policy goals around Bitcoin mining. This episode offers a grounded, operator-level view of where Bitcoin mining is headed, informed by one of the most influential leaders in the public mining sector. This episode of Bitcoin Rails is powered by: — Best In Slot (Best in Slot | BRC2.0 🧑‍🍳) — the leading API for Ordinals and BRC-20 data aggregation and indexing. — Spark (Lightspark) — a statechains implementation advancing Bitcoin-powered payments. — Citrea (Citrea | Mainnet Live 🍊🍋) — a leading Bitcoin rollup technology and BitVM alliance contributor. TIMESTAMPS 📌 00:00 Intro 01:09 From Marathon Patent Group to MARA 06:35 Why Owning Infrastructure is Key 07:46 First Public Companies Mining Bitcoin 09:54 Data Centers For AI vs Bitcoin Mining Facilities 14:07 How AI Data Centers Will Look Going Forward 15:37 How MARA is Diversifying From Bitcoin Mining 19:03 Private Cloud and Data Security 22:20 The Exaion Partnership 26:03 Future of Bitcoin and AI 40:22 Innovative Approaches to AI and Bitcoin Mining 42:06 Challenges and Opportunities in Power Generation 45:38 Strategic International Partnerships 50:43 The Future of Real World Assets 53:53 Bitcoin Mining in China 57:24 Why MARA Runs Their Own Software 01:00:19 Where is Bitcoin Mining Headed 01:04:17 Benefits of Running a Mining Pool 01:07:17 Heat Reuse in Mining 01:12:23 The Role of Data Centers in Power Generation

Isabel Foxen Duke⚡️

31,915 görüntüleme • 7 ay önce

🚨ALERT: 50% of Data Centers will NEVER connect to the grid. Half of the data centers announced in the last 24 months will NEVER connect to the grid. Kevin O’Leary said it. The data proves it. While everyone’s chasing “paper capacity,” $CIFR and $IREN are sitting on EXECUTED grid connections that can’t be replicated. Here’s why they’re untouchable: 266 GW of power projects canceled in 2025 alone. That’s 2.4x the cancellations from 2024. Why? Because the U.S. grid is facing a structural deficit that nobody wants to talk about. • Data centers need 18-36 months to build • Grid connections take 5-7 YEARS (sometimes 12) • Interconnection queues in PJM and ERCOT now average 7 years • Average interconnection cost in MISO: $753,116 per MW Translation: You can announce a data center tomorrow. But you CAN’T connect it to power until 2032. The math doesn’t work. The timeline doesn’t work. The physics don’t work. $CIFR - The Fixed-Price Power Moat: Cipher control one of the lowest-cost power portfolios in North America. > Power cost: $0.027/kWh (fixed, long-term PPAs) > Debt: $0 > Portfolio: 2.2 GW across Texas But here’s what everyone’s missing: Their 1-gigawatt Colchis site has a FULLY EXECUTED Direct Connect Agreement with American Electric Power. Not “in the queue.” Not “under study.” EXECUTED. Energization: 2028. While competitors are stuck waiting 7+ years for interconnection approvals, $CIFR already has a Tier 1 grid connection locked in. And they just signed: • $5.5 billion, 15-year lease with AWS for 300 MW • 10-year hosting deal with Google/Fluidstack for 168 MW That’s $8.5 billion in contracted lease payments for AI infrastructure. $IREN - The Microsoft Validation: $IREN didn’t just secure power. They secured the ONLY thing that matters: a hyperscaler willing to pre-pay billions. November 2025: $9.7 billion AI Cloud contract with Microsoft. Let me repeat that. Microsoft PRE-PAID for capacity that doesn’t exist yet. Deal structure: • 200 MW of liquid-cooled AI capacity • $1.94 billion annual recurring revenue (once online) • 20% prepayment to fund $5.8 billion GPU purchase from Dell • Four “Horizon” data centers at their 750 MW Childress campus But the real alpha? Their 2.91 GW portfolio of GRID-CONNECTED power. Not speculative. Not “in the queue.” Connected. Energized. Operating. > Sweetwater 1: 1.4 GW (energization accelerated to April 26) > Childress: 750 MW (operating) > Prince George: 160 MW hydro (23k GPUs for AI) $IREN is scaling to $3.4 billion in AI Cloud ARR by end of 2026 using only 16% of their total power capacity. The Peer Comparison Nobody’s Talking About: Everyone’s excited about $RIOT, $MARA, $CORZ, and $WULF. Here’s the problem: $RIOT: 1.7 GW portfolio, mostly Bitcoin-focused. 25 MW HPC lease with AMD ($311M over 10 years). That’s 1/30th the size of IREN’s Microsoft deal. $MARA: Building “behind-the-meter” natural gas generation to BYPASS the grid entirely. Smart strategy, but they’re starting from scratch. 1.8 GW capacity, mostly mining. $CORZ: $10B+ contract with CoreWeave sounds massive. But they’re CONVERTING old mining infrastructure. Not purpose-built for AI. Currently unprofitable. $WULF: 750 MW at Lake Mariner. Zero-carbon hydro/nuclear. Clean energy story is strong. But only 72.5 MW of HPC capacity by Q2 2025. Meanwhile: • $CIFR has 2.2 GW with executed grid agreements and $8.5B in hyperscaler contracts • $IREN has 2.91 GW of energized capacity and a $9.7B Microsoft deal The Cooling Bottleneck: Secured power means NOTHING without secured cooling. November 2025: CyrusOne data center in Illinois went down for 10 hours because ONE chiller failed. This facility handles TRILLIONS in CME trading volume. Energy, agriculture, crypto derivatives markets frozen globally. Why? Because AI racks now consume 600 kW of power (enough to power 500 homes). A single rack failure creates catastrophic heat buildup. $IREN’s solution: Liquid-cooled infrastructure at all Horizon facilities. $CIFR’s solution: Turnkey air-and-liquid cooling delivery for AWS. Hyperscalers aren’t paying billions for “power connections.” They’re paying for THERMAL RELIABILITY. The Numbers That Matter: > PJM capacity prices: 10x increase from 2024 to 2025 (extreme scarcity signal) > Interconnection costs in Louisiana/Missouri: $900,000+ per MW > $64 billion in U.S. data center projects blocked or delayed in 2024-2025 > 25+ major data center projects canceled in 2025 alone The grid is saturated. The timeline is broken. The infrastructure doesn’t exist. But $CIFR and $IREN? They already own the infrastructure. They already have the grid connections. They already have the hyperscaler contracts. The Bottom Line: > AI demand is doubling every 90 days. > Grid capacity takes 5-7 years to build. > You can’t close that gap with announcements. You close it with EXECUTED agreements and ENERGIZED megawatts. $CIFR: $0.027/kWh power, $8.5B in contracts, 1 GW Tier 1 grid connection $IREN: $9.7B Microsoft deal, 2.91 GW energized portfolio, $3.4B ARR target by 2026. While half the industry fights over interconnection queues, these two are already plugged in. The power crunch isn’t coming. It’s here. And the only winners will be the ones who secured their megawatts BEFORE the grid broke. Bullish $CIFR and $IREN. Note: This is NOT financial advice.
1:28

🚨ALERT: 50% of Data Centers will NEVER connect to the grid. Half of the data centers announced in the last 24 months will NEVER connect to the grid. Kevin O’Leary said it. The data proves it. While everyone’s chasing “paper capacity,” $CIFR and $IREN are sitting on EXECUTED grid connections that can’t be replicated. Here’s why they’re untouchable: 266 GW of power projects canceled in 2025 alone. That’s 2.4x the cancellations from 2024. Why? Because the U.S. grid is facing a structural deficit that nobody wants to talk about. • Data centers need 18-36 months to build • Grid connections take 5-7 YEARS (sometimes 12) • Interconnection queues in PJM and ERCOT now average 7 years • Average interconnection cost in MISO: $753,116 per MW Translation: You can announce a data center tomorrow. But you CAN’T connect it to power until 2032. The math doesn’t work. The timeline doesn’t work. The physics don’t work. $CIFR - The Fixed-Price Power Moat: Cipher control one of the lowest-cost power portfolios in North America. > Power cost: $0.027/kWh (fixed, long-term PPAs) > Debt: $0 > Portfolio: 2.2 GW across Texas But here’s what everyone’s missing: Their 1-gigawatt Colchis site has a FULLY EXECUTED Direct Connect Agreement with American Electric Power. Not “in the queue.” Not “under study.” EXECUTED. Energization: 2028. While competitors are stuck waiting 7+ years for interconnection approvals, $CIFR already has a Tier 1 grid connection locked in. And they just signed: • $5.5 billion, 15-year lease with AWS for 300 MW • 10-year hosting deal with Google/Fluidstack for 168 MW That’s $8.5 billion in contracted lease payments for AI infrastructure. $IREN - The Microsoft Validation: $IREN didn’t just secure power. They secured the ONLY thing that matters: a hyperscaler willing to pre-pay billions. November 2025: $9.7 billion AI Cloud contract with Microsoft. Let me repeat that. Microsoft PRE-PAID for capacity that doesn’t exist yet. Deal structure: • 200 MW of liquid-cooled AI capacity • $1.94 billion annual recurring revenue (once online) • 20% prepayment to fund $5.8 billion GPU purchase from Dell • Four “Horizon” data centers at their 750 MW Childress campus But the real alpha? Their 2.91 GW portfolio of GRID-CONNECTED power. Not speculative. Not “in the queue.” Connected. Energized. Operating. > Sweetwater 1: 1.4 GW (energization accelerated to April 26) > Childress: 750 MW (operating) > Prince George: 160 MW hydro (23k GPUs for AI) $IREN is scaling to $3.4 billion in AI Cloud ARR by end of 2026 using only 16% of their total power capacity. The Peer Comparison Nobody’s Talking About: Everyone’s excited about $RIOT, $MARA, $CORZ, and $WULF. Here’s the problem: $RIOT: 1.7 GW portfolio, mostly Bitcoin-focused. 25 MW HPC lease with AMD ($311M over 10 years). That’s 1/30th the size of IREN’s Microsoft deal. $MARA: Building “behind-the-meter” natural gas generation to BYPASS the grid entirely. Smart strategy, but they’re starting from scratch. 1.8 GW capacity, mostly mining. $CORZ: $10B+ contract with CoreWeave sounds massive. But they’re CONVERTING old mining infrastructure. Not purpose-built for AI. Currently unprofitable. $WULF: 750 MW at Lake Mariner. Zero-carbon hydro/nuclear. Clean energy story is strong. But only 72.5 MW of HPC capacity by Q2 2025. Meanwhile: • $CIFR has 2.2 GW with executed grid agreements and $8.5B in hyperscaler contracts • $IREN has 2.91 GW of energized capacity and a $9.7B Microsoft deal The Cooling Bottleneck: Secured power means NOTHING without secured cooling. November 2025: CyrusOne data center in Illinois went down for 10 hours because ONE chiller failed. This facility handles TRILLIONS in CME trading volume. Energy, agriculture, crypto derivatives markets frozen globally. Why? Because AI racks now consume 600 kW of power (enough to power 500 homes). A single rack failure creates catastrophic heat buildup. $IREN’s solution: Liquid-cooled infrastructure at all Horizon facilities. $CIFR’s solution: Turnkey air-and-liquid cooling delivery for AWS. Hyperscalers aren’t paying billions for “power connections.” They’re paying for THERMAL RELIABILITY. The Numbers That Matter: > PJM capacity prices: 10x increase from 2024 to 2025 (extreme scarcity signal) > Interconnection costs in Louisiana/Missouri: $900,000+ per MW > $64 billion in U.S. data center projects blocked or delayed in 2024-2025 > 25+ major data center projects canceled in 2025 alone The grid is saturated. The timeline is broken. The infrastructure doesn’t exist. But $CIFR and $IREN? They already own the infrastructure. They already have the grid connections. They already have the hyperscaler contracts. The Bottom Line: > AI demand is doubling every 90 days. > Grid capacity takes 5-7 years to build. > You can’t close that gap with announcements. You close it with EXECUTED agreements and ENERGIZED megawatts. $CIFR: $0.027/kWh power, $8.5B in contracts, 1 GW Tier 1 grid connection $IREN: $9.7B Microsoft deal, 2.91 GW energized portfolio, $3.4B ARR target by 2026. While half the industry fights over interconnection queues, these two are already plugged in. The power crunch isn’t coming. It’s here. And the only winners will be the ones who secured their megawatts BEFORE the grid broke. Bullish $CIFR and $IREN. Note: This is NOT financial advice.

Black Panther Capital

347,528 görüntüleme • 7 ay önce

$IREN CCO KENT DRAPER TALK ON AI GIGAFACTORIES $IREN CCO Kent Draper: We were ready for this moment [AI and HPC] and been exploring it for a number of years but the market wasn’t there to make it commercially viable. When the business was founded, our two co-founders have a background in large scale institutional infrastructure banking, and they could see this infliction in the industry where the world was becoming more data dependent. It was very obvious to them that we were going to need power-dense compute, particularly with access to renewables, which is a big part of our story. Design [of data centers] is the easy part. Delivering infrastructure at this scale is not simple. I think our minds this was never actually a pivot for us. Lenovo SVP Vlad Rozanovich: Time to first token is a metric that so many people like $IREN look at because it’s how you maximize value and profit as soon as you can. Daniel Newman: You can’t have a bubble and have AI eating every industry, either too good or not good.
17:24

$IREN CCO KENT DRAPER TALK ON AI GIGAFACTORIES $IREN CCO Kent Draper: We were ready for this moment [AI and HPC] and been exploring it for a number of years but the market wasn’t there to make it commercially viable. When the business was founded, our two co-founders have a background in large scale institutional infrastructure banking, and they could see this infliction in the industry where the world was becoming more data dependent. It was very obvious to them that we were going to need power-dense compute, particularly with access to renewables, which is a big part of our story. Design [of data centers] is the easy part. Delivering infrastructure at this scale is not simple. I think our minds this was never actually a pivot for us. Lenovo SVP Vlad Rozanovich: Time to first token is a metric that so many people like $IREN look at because it’s how you maximize value and profit as soon as you can. Daniel Newman: You can’t have a bubble and have AI eating every industry, either too good or not good.

The Tech Investor

25,559 görüntüleme • 5 ay önce

New startup company will put ‘Mini Data Centers’ on the side of residential homes all over America Companies Nvidia and PulteGroup are patterning with SPAN, “A major U.S home builder is now making small fractional data centers, or they call them nodes that can be put on the side of residential homes.” “These could negate the need to build as many hyperscalers and AI cloud providers Just tap into the node network like a regular data center now SPAN, collaborated with NVIDIA using its technology in the system span claims it can install 8,000 of these units about six times faster and at five times lower cost than the construction of a typical centralized 100 megawatt data center of the same size.” In return for letting this company put a mini data center on the side of your home, you’ll get a $150 credit on your electricity bill In some locations you could get free electricity and internet
1:35

New startup company will put ‘Mini Data Centers’ on the side of residential homes all over America Companies Nvidia and PulteGroup are patterning with SPAN, “A major U.S home builder is now making small fractional data centers, or they call them nodes that can be put on the side of residential homes.” “These could negate the need to build as many hyperscalers and AI cloud providers Just tap into the node network like a regular data center now SPAN, collaborated with NVIDIA using its technology in the system span claims it can install 8,000 of these units about six times faster and at five times lower cost than the construction of a typical centralized 100 megawatt data center of the same size.” In return for letting this company put a mini data center on the side of your home, you’ll get a $150 credit on your electricity bill In some locations you could get free electricity and internet

Wall Street Apes

258,581 görüntüleme • 4 ay önce