Power Analysis

We break down DMG's Q1 results, why we’re keeping cash and BTC, and how market softness creates chances to buy efficient hardware and cheap power. Then we map our pivot: a 50 MW AI build at Christina Lake, Core+ software revenue, and a Malahat partnership to scale without heavy dilution. • Q1 revenue and profits with 68.5 BTC mined • Cash, BTC, and short-term investments strengthening liquidi...

We share how Riot moves from Bitcoin mining to a scaled digital infrastructure platform by leasing data centers, highlighted by a fast-tracked AMD deal and a 1.7 GW power base in Texas. We explain the power optionality model, funding strategy, and why co-location beats buying GPUs for risk-adjusted returns. • transformation from miner to data center landlord • AMD lease delivery, scale mechanisms,...

Markets wobble while demand signals strengthen. We unpack why miners sell reserves, how ETF inflows reshape supply, and where Core Scientific and Riot are placing big bets on power, co-location, and HPC in 2026 and beyond. • red day for miners against macro tension  • ETF inflows hit five-month high  • MARA signals increased BTC sales  • ABTC adds next-gen ASICs and boosts efficiency  • Core Scien...

We track a volatile start to the week as Bitcoin jumps toward 70k, miners bounce, and safe-haven assets rally. We preview Riot and Core Scientific earnings, unpack hash price pressure, and dig into the AI power race reshaping mining. • Bitcoin’s flight to safety and price action • Hash price recovery and miner margin thresholds • Nation-state mining and supply constraints • Michael Saylor’s weekly...

We unpack a tough Bitcoin quarter and the miners who refuse to stand still. MARAand TeraWulf step hard into AI HPC, while CoreWeave’s scale reframes what “growth” looks like for power-rich operators. • Bitcoin softness and miner volatility • CoreWeave’s data center scale, power and backlog • Delays resolved and deployment back on track • Core Scientific and Riot earnings on deck • Mara’s JV with S...

We dig into ABTC’s Q4 results, why Satoshis per share beats EPS for a Bitcoin accumulator, and how a lean cost structure plus the HUT 8 partnership drives 53% gross margins. We also explore market structure, policy tailwinds, and what success looks like through 2026. • Q4 revenue strength and 53% gross margin • Mining at a structural discount to spot • Single-digit SG&A and lean operations • H...

We break down why Bitcoin’s price lags demand despite ETF buying, dig into the Jane Street allegations and lawsuit, and map how policy clarity could reset the playing field. Then we unpack NVIDIA’s monster quarter, miner pivots into AI data centers, and the real costs and returns of building 50MW of HPC. • ETF demand and miner production not reflected in spot price • Alleged synthetic pressure and...

Bitcoin pops while we break down Hut 8’s earnings, a 9.5 GW power pipeline, and why miners are pivoting from blocks to compute. We weigh NVIDIA’s signal for AI infrastructure, Bitfarms’ Panther Creek progress, and a headline FluidStack deal that changes the margin math. • hash price near 30 dollars and miner margin pressure • NVIDIA earnings as bellwether for AI infrastructure • CoreWeave funding...

We dig into Bitdeer’s surge to 63 exahash, the rapid evolution of SEAL miners, and why efficiency and low-cost power drive profitability even in a weaker hashprice. We also map the pivot to AI co-location in Norway, Rockdale, and Clarington, plus funding moves and the HODL sale. • key Q4 highlights and self-mining growth • SEAL miner roadmap, wafer timing, and sales strategy • margin pressure vers...

We unpack why Bitcoin’s slide hasn’t stopped capital from pouring into AI, then break down Cipher’s rebrand to Cipher Digital, its exit from mining, and the shift to contracted HPC revenue with AWS and Fluidstack. We compare buildouts across Riot and IREN, detail ERCOT timelines, and map out how miners decouple from hash price. • bitcoin sentiment at cycle lows and long‑term view • hyperscaler cap...

We set the table for a stacked earnings week while Bitcoin slumps, then dig into why miners shifting to HPC and hosting can outlast the hash price crunch. MARA’s Exeon deal in Europe, Bitdeer’s financing and HODL sale, and IREN’s gigawatt roadmap show how execution beats hype. • bitcoin price slide, macro jitters, cycle context • michael saylor’s steady buys and HODL math • openai stargate delays...

We break down Q3 results with Frank Holmes and CFO Darcy Daubaras, showing how Paraguay’s low-cost energy and smarter hardware expanded margins while HPC demand accelerated. We share our path to tier three data centers, conservative financing, and the catalysts we see into 2026. • Paraguay’s 300 MW online driving lower energy costs and higher efficiency • Margin expansion through S21 hydros, fleet...

We track a tough five-day Bitcoin slide against a flood of miner and AI infrastructure news, from policy odds and bank adoption to funding, governance, and enterprise-grade data centers. The throughline: power, capital, and customers decide who leads the next leg. • policy momentum toward a crypto market structure bill • banks shifting from resistance to integration • miners repriced by power acce...

We dig into why timing rules the pivot from Bitcoin mining to HPC AI and how power, clients, and chip cycles shape who wins by 2026. We compare Riot, Iron, and Hut 8 on revenue certainty, ERCOT dynamics, and the trade-off between speed and future-proof builds. • bitcoin price stuck while miner equities lift • market rewards contracted HPC revenue over hash price • hyperscaler capex surge as demand...

We unpack how institutions, ETFs, and AI spending are reshaping Bitcoin and mining, then dive into concrete moves from SOluna, IREN, and Hive. We compare power economics, hosting margins, and GPU buildouts, and share what the four-year cycle might mean now that compute is the new moat. • conference takeaways on institutional adoption and ETF momentum • Saylor’s latest buy and what steady corporate...

We unpack Bitcoin Investor Week with a focus on price stasis, policy overhang, and why public miners are eyeing HPC. AI took center stage, from autonomous trading and personal CFO agents to support teams where 12 bots outperformed 200 people. • policy uncertainty delaying institutional flows • technical floor talk in high 50s to low 60s • Pomp’s interview format and standout speakers • AI-managed...

We track Bitcoin’s bounce and zoom into how miners are turning megawatts into durable returns through hosting, HPC, and faster time-to-power. Soluna energizes Kati, Bitdeer rockets to 63 EH and primes AI conversions, while Cipher and IREN line up repeatable, capital-smart deals. • Bitcoin range stabilising after sharp drop • Miner heat map trends and HPC winners • Soluna’s Kati Phase 1 energisatio...

We break down Wall Street’s new price targets for Bitcoin miners and why HPC AI contracts, site quality, and financing structure are redefining valuations. From Google’s long-dated AI debt to meetings with Cipher and IREN, we trace how power becomes the moat and deals de-risk the story. • Bitcoin near 70k and Saylor’s buys • Magnificent 7 moves and Google’s AI bond • Shift from convertibles to sec...

A violent Bitcoin selloff to 60K reversed to a sharp rally while miners whipsawed, setting the stage for a hard look at market structure, derivatives, and the sector’s pivot to AI and HPC. We unpack earnings from CleanSpark and Iris Energy, ERCOT’s batching shift, and why cheap capital follows power and customers. • Bitcoin volatility drivers, derivative overhang, ETF mechanics • Why retail supply...

We confront earnings night with clear eyes: AI capex is booming while hash price hits new lows and miners bleed red. We weigh the odds of Iron and CleanSpark landing contracts, unpack GPU lifespan signals from AWS, and track who survives the squeeze with efficiency, power, and better financing. • IREN deal speculation, timeline, and market expectations • sweetwater energization, power pricing, and...

We welcome British HODL to unpack why volatility is a feature, how institutional absorption is changing the signal, and why liquidity cycles matter more than headlines. We frame price through halvings, weigh ETFs against self-custody, and share a simple portfolio structure for staying solvent and aggressive. • origin story from real estate and gold to Bitcoin • reading cycles with ISM, metals, and...

We walk through our new 12 MW Soluna & Cormint agreement, how modular containers accelerate CADI 1, and why this blueprint lets us scale Bitcoin hosting now and pivot into AI with speed. We explain grid flexibility, IPP value, and why OEM demand for hosting is surging. • Cormint partnership and 12 MW container supply at KATI 1 • Plug-and-play design with integrated power, cooling, and monitori...

Markets sell off hard as Bitcoin breaks support, AI leaders stumble despite strong numbers, and miners wear double-digit declines. We weigh fear against fundamentals, from Nvidia’s software stance to miner financing, and set the stage for earnings and potential AI power deals. • Bitcoin slide and cycle vs super-cycle debate • Retail capitulation vs institutional accumulation • AI circular revenue...

We welcome TeraWulf CFO Patrick Fleury to break down two site acquisitions that more than double company scale. We explore fast-track capacity in Kentucky and a long-horizon, self-generation plan in Maryland that aligns with grid realities and policy momentum. • 480 MW energized Kentucky site near major metros • Morgantown Maryland vision for 1,500 MW new generation • 200 MW existing generation pr...

Bitcoin slides under 75k as risk assets wobble, yet AI and HPC demand accelerate with fresh power openings, site approvals, and hyperscaler CapEx commitments. We unpack why miners may decouple by shifting revenue from hash to compute and what to watch in upcoming earnings. • BTC drawdown context and long-term scarcity case • Cross-asset selloff and sentiment shifts • Saylor’s accumulation and supp...