WΞKα🦧 🦍🐺

Honestly, the demand for AI compute is so high that I think $IREN, $NBIS and $CRWV will all do well. One will always outperform the others at different points, and it will probably go back and forth just like it did last year. But I’m bullish on the entire neocloud sector, and I believe 2027 will be the biggest year yet. Just look at the companies trying to enter this space. - You have a social media company like Meta pushing into AI infrastructure. - You have SpaceX moving into compute and positioning itself to compete with companies like AWS. - Then you have companies with almost no history in the technology or AI world trying to make the same move. BIRD is literally trying to go from the shoe business into the compute business. Everyone wants a piece of this sector. Why? Because the pie is big enough for everyone, and the pie is only getting bigger. The market has also made something very clear. It doesn't care how you get there. It cares whether you execute. The market right now doesn't care if you take on enormous amounts of debt like CRWV. It doesn't care whether your power is cheap or expensive. Look at some of the power arrangements NBIS has been willing to make to secure capacity. It doesn't care where the money comes from or exactly how you secure the power. It cares about one thing: Can you turn that capital and power into compute and revenue? Right now, NBIS and CRWV are executing at an elite level, and the market is rewarding them for it. IREN is slightly different. People need to remember that IREN is probably around a year behind these companies in its transition. This was a Bitcoin miner that is now completely transforming itself into an AI compute company. Management has taken a more cautious approach, building the infrastructure first rather than racing ahead of itself by securing non-stop deals. But IREN also has something incredibly valuable: a huge amount of grid-connected power at a very low cost. In a market where everyone is fighting for power, that puts IREN in an extremely strong position. Now comes the important part. IREN has to execute. Horizon 1 needs to be delivered, the GPUs need to come online, more customers need to be signed and the remaining capacity needs to be monetised. The infrastructure advantage now needs to translate into compute and revenue.

i can’t believe someone solved recipe design decades ago and everyone just decided to ignore it

Why I went all in $SATS Here’s the maths: SpaceX IPO at $135 SpaceX S1 disclosed Echostar owns 261.8 million shares 🔸$135 X 261.8 million shares = $35 Billion While echostar was worth less than $35 Billion yesterday Question: Do you really think that you can put a $135 limit order on ipo day to get the shares? NO!! Hyperliquid premarket AT $180 already 😂 Your best chance is do a market order buy on $sats before spacex ipo if you are bullish on spaceX Here is where it gets crazier: FCC APPROVED deal $22.65 Billion Cash for selling low to mid-band spectrum to AT&T 🔸So that’s worth ZERO? or NOBODY FKING CARED LMAO My valuation ex- spaceX: Net cash after debt paydown $8.5 billion Remaining unsold spectrum $10 billion Core operating business $10 billion Total Ex-SpaceX $28.5 billion 🔸Value per share EX- SpaceX ~ $86 ( Conservative ) Now let’s go from crazier to NUTS: Short interest is 31% !!!! WTF LMAO But the issue is founder owns 50.5% stake and 86.8% voting rights. So the short interest on the remaining whatever available float? What’s that? 60++++%??? Seldom market hands you free money. When it does, go all in. ____ P.S. I seldom write long thesis anymore. Why? The hardworking ones will be rewarded with their own DD. You make your own conviction rather than relying on me for customer support. And what do you want more when I put my own $$ on the line? Who does this transparently? Action speak more than words. Once in a while, I'll write. But don't count on me mansplaining often. It's better for you to build your own conviction.

$IREN: First look at Q3 FY 2026 Earnings Quick note - why is IREN giving back all it's gains from $72 -> $60? 1. CRWV had bad cost numbers and whole Neocloud sector is following it's 10% dump. 2. Reason I explain in takeaway 3. Takeaway 1 - Nvidia Contract Economics Nvidia 3.4B/5-year 60MW GPU compute contract with IREN for internal research usage. - This is at 11.3m/MW which is 16% increase from 9.7m/MW MSFT contract. This is very meaningful top line increase given this is for air-cooled which means B300s. Much more profitable than MSFT contract and the topline IREN needs. Takeaway 2 - Why is IREN Expanding Slower than Expected Each GPU generation has greatly improve performance and economics. IREN has a "good" bias from the bitcoin mining days where it was a late move in order to have a fleet that was heavily skewed towards newer ASICs. Technology moves very very fast in the beginning and AI GPUs are still considered early, IREN is trying to time where most of it's fleet is mid-stage GPU aka Vera Rubin or newer. Hence it's SW1 buildout is pushed out to 2027 so that it will be all Vera Rubins. Yes, IREN is still scaling out it's DC buildout teams as this is all external and not contracted out like CRWV/NBIS. CRWV/NBIS for 2026/2027 capacity relies on 3rd parties and NBIS greenfield sites starts 2028. This is why IREN is full funded already for 2026 based on operational cashflow, existing cash on hand and has the Nvidia investment coming in later while NBIS still has 2026 funding needs even after the large convertible and Nvidia investment. Less aggressive but also less capital intensive. CRWV/NBIS is your investment if you want to expand as fast as possible. IREN cares about unit economics and having a VR200 and newer generation fleet. IREN selects customer based on ability to get financing at best interest rate and has better rate on their convertibles than both NBIS's convertible and CRWV's corporate. Given corporate debt is apple or oranges but 9% on CRWV is meaningful enough to compare to IREN's 0% and 1.5% converibles and 6% GPU debt financing. Takeaway 3 - Nvidia Option to Invest Instead of Immediate Investment Market sees this the reason to sell $IREN back down from $72 -> $60. Whereas $CRWV and $NBIS got the money immeidately for shares at market price because they have 2026 unfunded needs, $IREN is fully funded for 2026 and would rather sell at above the market price. The way to negotiate this is to have the shares sold in the future at a premium at which the negotiations happen. Nvidia negotiations were happening today, they were happening when IREN was in the 40s so 70 is a significant premium. YtD relatively IREN at 70 is equivalent to $NBIS issuing shares to NVDA at 140. IREN does not need the 2.1B in 2026, why dilute at $40? IREN will need cash in 2027 where it's buildout is going to accelerate so IREN is it then. The important part is getting priority on Nvidia's delivery schedule. Nvidia does benefit by having the right to buy IREN stock through 2031 at $70 but everyone, everyone is paying alot to secure HBM which is on-chip with the GPU. This $70 call option for Nvidia is good for 600k GPUs. Full Points - 3.7B 2026 ARR runrate and 3.1B ARR already contracted. This means the Mackenzie GPUs are contracted! All the Prince George GPUs are contracted. - New site in not only EU but APAC! Australia confirmed. - 2.6B cash on hand. People can stop talking about the ATM for current liabilities out now. ATM is for future growth/deals/acquisitions. - Will provide 3.4B of AI Cloud compute to Nvidia. Not counted in the 3.7B ARR so likely 2027. IREN is selling GPU compute to Nvidia internal teams! - IREN secures 600k GPUs of Nvidia GPUs as part of partnership. Nvidia has right to buy $IREN at $70 as it delivers the GPUs to IREN, full $2.1B investment option upon delivery of 600k GPUs. - 480MW by 2026, 1.21GW by 2027, 5GW by 2030. Nvidia GPU secured, power long secured, deals will come. - H1 handoff in Q3 CY 2026 is kind of disappointing. Handoff will likely be early Q3 as burn-in already happening now. H2-4 will be handed off by this year is the important part. There must have been some snag in H1. - Rest of Childress will be split among 100MW IT of liquid cooled H5-6 (likely extension for MSFT) and 250MW retrofit of air-cooled capacity. - @FransBakker9812 spot on - First SW1 200MW IT will be in 2027 and be for VR. - AI Revenue 33.6m is lower than expected as commissioning GPUs slower than expected. Will expect this to speed up as IREN ramps up their in-house team.

My $ETH strategy is pretty boring. I try to accumulate when prices are below the mid point of this channel. Don't wanna be the guy to let my wife or my future kids down.

Narrative violation: $APO $ARES

AND THE JAWBONE Crude "only" fell ~$4.50/bbl on the latest Trump post, which is less than 1/3 of the pullback he got on Monday, and the rout was reversed much more quickly. Oil market getting more numb to the nonsense.

Seven dogs stolen from their owners have gone viral after escaping their captors and making their way home The group is believed to have travelled around 17 km together led by a corgi across highways and fields

Something caught my eye in the latest 13F filings. The biggest new entrant into IBIT, from a brand new entity, is something called Laurore Ltd. No website. No press. No footprint. The only public information is that the filer's name is Zhang Hui and it's HK based. Let's double click on that for a second. Zhang Hui is the Chinese equivalent of John Smith. It's what I like to call it a "non-anonymous anonymous" name, something hiding in plain sight buried under the statistical weight of millions to make it untraceable. The "Ltd" suffix suggests a Cayman or BVI structure, the classic offshore wrapper for accessing US markets. And the portfolio? A single holding. Nothing but IBIT. This isn't a diversified fund. It's a $436 million Bitcoin access vehicle dressed in institutional clothing. Why would you do this? Because Chinese investors can't hold Bitcoin. If this is what it looks like, it might be an early sign of institutional Chinese capital moving into Bitcoin, not through crypto exchanges or gray market channels, but through a BlackRock ETF, filed with the SEC in a regulated jurisdiction hiding in the most "transparent non-transparent" place imaginable. Funny that the name Laurore likely derives from the French l'aurore: the dawn. Smells like capital flight to me.

A good start to the new year! In just 8 days: BTC 88,600 -> 90,150 ETH 2,967 -> 3,120 SOL 124 -> 132 The best is yet to come!

👀Perhaps time to add more now, given current levels: BTC 88,600 ETH 2,967 SOL 124

Popular 4chan guy dropping his predictions for 2026

Errrm guys….. A €2.2 trillion asset manager called Amundi just launched a tokenized fund on Ethereum. They didn’t ask anyone. They just did it on November 4th and told everyone three weeks later. You’ve never heard of Amundi because they manage European pension funds. They’re bigger than Fidelity’s asset management arm. Bigger than PIMCO. Number one in Europe, top ten globally. And they chose public Ethereum. Not a private chain. BlackRock chose Ethereum. Franklin Templeton chose Ethereum. Amundi chose Ethereum.

i know Elon Musk is buying ETH , but i just can’t prove it

This will go down in history as the Great Shakeout of 2025, and I'd like to offer some perspective, some positivity and hope for people in the crypto market here. Lots of people are clearly hurting now, we've been delivered multiple punches recently and lots of people are showing signs of losing faith, some partially and some altogether. Losing money is painful and it is without doubt an emotional game. Do bare in mind that everything is only ever a paper win or loss until you have actually sold. The greatest victims in this market are those who think they can outsmart or guess where the market is going by leveraging and longing or shorting the market. Trading with leverage in the crypto market is financial suicide - just stop it, it is the fastest way for people to destroy their chances within what is the greatest wealth accumulation opportunity of all time. I have always remembered Raoul Pal's ( @RaoulGMI ) position on it, leveraging has always been a key part of his @RealVision's "Don't Fuck This Up" thesis, and today those words couldn't be more abundantly clear. Lots of people are crying about market manipulation, yet they are out there placing leverage, long or short positions. Is this not a bit like playing poker and letting everyone know what your cards are before they lay their hands? All we are doing here is allowing the exchanges, the market makers, the institutions and the whales to enter the market with far greater financial power to counter positions and liquidate them, which is what is repeatedly happening. I've no idea how people do not recognise this. For everyone who are shouting the market is over, or are sitting there fearing as much, just take a step back and look at the bigger picture. We are on the verge of a solid rate cutting cycle. Trillions of dollars of debt across the world needs to be refinanced. QT is about to end which will be followed buy QE, massive liquidity is going to be flooding in. The entire global monetary system is in the process of being migrated on-chain. No bear market has ever been born out of fear, it comes from peak euphoria, which we clearly haven't even touched. We have key regulatory acts that are on the cusp of being announced. Financial institutions are buying crypto. Actual countries are buying cryptos. ETF's are being approved. We are in the glorious position of being able to take part in what is the greatest financial revolution of all time - let that sink in. The reality is the crypto space has never, ever looked this bullish before and what we are seeing now will go down as the greatest shakeout. Don't become a victim of it. I have always said that the key to maximising the gains in this market is to buy solid utility projects with real fundamentals that will attract real adoption. Buy with conviction, hold and do nothing. Shut out the noise, and simply do nothing. It is also the key to riding the multiple drawdowns that are characteristic within every bull cycle, and now is no different. Crypto isn't for the faint-hearted, you have to program yourself differently when navigating this market. Those who overestimate their own intelligence, who are constantly buying in and selling out, changing lanes, thinking they can predict the market, taking long and short positions and chasing dick-driven greed through insane leveraging will invariably become the fallen soldiers of the market, and will ruin their chances in the greatest wealth accumulation opportunity of all time. And those who buy, hold, shut out the noise, and do nothing, will most likely achieve the success they set out to achieve. I can't emphasise this enough but for anyone who is looking to educate themselves and to gain an advantage in navigating the crypto space, and who want to develop an understanding of the things that truly drives asset prices, take a look at joining Real Vision @RealVision, it is by far the best thing I ever did. The team are incredible and it has a fantastic community for you to connect with. The information and insights they part with is pound-for-pound the most valuable alpha and intelligence that you could possibly absorb. The intelligence and understanding you will gain will help you to sail through these shit storms with a far greater calmness, to take a step back from the chaos and shut out the noise. As always, stay calm and don't fuck this up. Holders will outperform traders.

🚨 JUST IN: JPMorgan CEO Jamie Dimon admits he was WRONG about Bitcoin and crypto "It's real." "It will be used by all of us." 😲