HOOD interesting AI anecdote from the call:
"AI support is really cranking. Now over 75% of our cases are solved by AI, including the complex cases that previously required licensed brokerage professionals. And we've built a lot of this tech in-house... We're continuing to automate and optimize the entire engineering pipeline from writing code, down to code review, all the way to deployment and testing. And this is already turning into real savings and efficiency gains, estimated at $100M+ in 2...
"AI support is really cranking. Now over 75% of our cases are solved by AI, including the complex cases that previously required licensed brokerage professionals. And we've built a lot of this tech in-house... We're continuing to automate and optimize the entire engineering pipeline from writing code, down to code review, all the way to deployment and testing. And this is already turning into real savings and efficiency gains, estimated at $100M+ in 2...
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⚠️$BTDR flagship US AI Site at Risk of Delay
>BTDR slips crucial disclosure into today’s monthly report: Clarington, OH site (570MW), the cornerstone of its U.S. AI/HPC strategy, may be delayed due to ongoing litigation with a neighboring industrial tenant.
>This is the same site BTDR has been guiding the market toward as a leased facility with ~2027 energization, central to proving domestic AI compute capability.
>Lawsuit was first mentioned generically in an after-hours 6-K last Thursday; t...
>BTDR slips crucial disclosure into today’s monthly report: Clarington, OH site (570MW), the cornerstone of its U.S. AI/HPC strategy, may be delayed due to ongoing litigation with a neighboring industrial tenant.
>This is the same site BTDR has been guiding the market toward as a leased facility with ~2027 energization, central to proving domestic AI compute capability.
>Lawsuit was first mentioned generically in an after-hours 6-K last Thursday; t...
Notable $Vistra Energy (VST.US)$ upgrade from JEF:
Same analyst who timely downgraded at ~$217 last September when the stock was pricing in near-perfect outcomes, now it's $158 (+4% pre-market).
Why the downgrade then:
>Sub-8% FY28 FCF yield
>Market assumed ~100% probability Comanche Peak nukes contracted at ~$100/MWh
>Optimistic gas & power price curves → Upside fully pulled forward, bad risk/reward
Why the upgrade now (to Buy):
>Stock down ~25–30%, risk reset
>~12% FY28 FCF yield excluding un...
Same analyst who timely downgraded at ~$217 last September when the stock was pricing in near-perfect outcomes, now it's $158 (+4% pre-market).
Why the downgrade then:
>Sub-8% FY28 FCF yield
>Market assumed ~100% probability Comanche Peak nukes contracted at ~$100/MWh
>Optimistic gas & power price curves → Upside fully pulled forward, bad risk/reward
Why the upgrade now (to Buy):
>Stock down ~25–30%, risk reset
>~12% FY28 FCF yield excluding un...
Crypto-related equities (expanded universe):
52-week highs: AES, B3SA3 BZ, BK, CME, CVX, DTM, GEV, KMI, MOD, PRY IM, VRT
52-week lows: KLAR
52-week highs: AES, B3SA3 BZ, BK, CME, CVX, DTM, GEV, KMI, MOD, PRY IM, VRT
52-week lows: KLAR
*ANTHROPIC MULLS SECURING 10GIGAWATTS OF CAPACITY: THE INFORMATION
Anthropic has privately discussed getting 10 GW by renting capacity from cloud providers and, notably, by leasing its own data center space,meaning it would likely purchase/operate the server equipment inside.
Anthropic has privately discussed getting 10 GW by renting capacity from cloud providers and, notably, by leasing its own data center space,meaning it would likely purchase/operate the server equipment inside.
1
Live case study of the billable hour getting cooked
GOOGL selling 100-year debt 😯
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Bernstein: "Weakest Bitcoin bear case in history: What we are experiencing is the weakest Bitcoin bear case in its history. When all stars are aligned, Bitcoin community manufactures a self-imposed crisis of confidence. Nothing blew up, no skeletons will unravel. Media is back again to write an obituary. Time remains a flat circle on Bitcoin."
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"The upside to our base case price targets for WULF and CIFR, at 159% and 158%, respectively, is unusually high"
"By our estimates, the HUT transaction with Google/Fluidstack/Anthropic in December 2025 generated value to HUT shareholders of $18/watt; Bitcoin stocks trade at a range of $1-7 on an enterprise value/watt basis"
"By our estimates, the HUT transaction with Google/Fluidstack/Anthropic in December 2025 generated value to HUT shareholders of $18/watt; Bitcoin stocks trade at a range of $1-7 on an enterprise value/watt basis"
Morgan Stanley initiates on "3 Bitcoin mining stocks with data center upside."
>Still systematic shortage of AI compute-related supply
>HUT deal was so good they use lower $/watt in their model to be conservative ("surprise")
>"Significant upside in WULF & CIFR"; u/w MARA
>Still systematic shortage of AI compute-related supply
>HUT deal was so good they use lower $/watt in their model to be conservative ("surprise")
>"Significant upside in WULF & CIFR"; u/w MARA
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