chocs @ch0css

And you are bearish?

Anissa Gardizy @anissagardizy8

2 weeks ago

Scoop w/ @rudegeair: The Pentagon is in talks to lend roughly $5 billion to AI cloud-computing startup Fluidstack. All the details in @WSJ wsj.com/tech/ai/pentag…

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@JuanBlancoqrg 4D chess?

Following Hut 8's rather diabolical Friday-afternoon-before-Labor Day tweet that their Beacon Point project (the ~1GW gross, 704MW IT load campus leased to NVIDIA) received a conditional "Base Load" classification from ERCOT, I'd imagine early next week we get a flurry of similar updates from the other public data center developers building in Texas. In particular, confirmation of "Batch Zero - Base Load" for certain $CIFR $CLSK $CORZ $GLXY projects could be a catalyst for this broader bucket of names as it takes the projects closer to final authorization to energize, and likely removes any doubt as to whether the projects can be commercialized via a tenant lease. As the Hut 8 - NVIDIA lease showed, projects that were (i) approved by ERCOT prior to the Batch Process but (ii) are still subject to the Batch Process (because they have not yet been energized) can in fact be leased.. Yet the confusion caused by the hodge-podge of Batch Zero definitions, process steps, and ongoing delays in implementation of the Batch Process itself has definitely been an overhang on these stocks. Taking a step back, ERCOT's Batch Process was established in response to the overwhelming amount of load requests from data center developers (and speculators) seeking to connect to Texas's grid (400GW+ total..!). Rather than approve or deny each request separately, ERCOT's Batch Process studies all of the projects as a group to understand and allocate grid and transmission capacity. Late last week, ERCOT provided classifications on requested loads to transmission service providers (who then pass along those classifications to the relevant data center developer behind them). In short, a "Base Load" classification is the best outcome, and indicates that ERCOT has treated the project's existing studied power allocation as valid and effectively reserves the capacity for it. "Base Loads" are essentially grandfathered in. (Note that ERCOT had previously approved certain loads prior to the Batch Process being formalized. "Base Load" classification on these is more or less a reaffirmation of the prior approval.) "Studied Load" means that the project is eligible for the first "batch" of interconnection approvals (Batch Zero), but the requested power is not reserved or guaranteed as it requires further evaluation. "Studied Load" could result in full, partial, or no approval of the requested MWs. "Excluded Loads" are not eligible for Batch Zero and must wait to apply through a future ERCOT Batch Process. To summarize on $CIFR $CLSK $CORZ and $GLXY's Texas projects: - $CIFR hinted that its Colchis (1GW gross), Mikeska (500MW), and McLennan (500MW) sites are expected to receive "Base Load" classification, noting on its August 4th earnings call that "All three sites have necessary deposits funded, land secured, and their requisite studies and executed FEAs were submitted to ERCOT on time. We have strong conviction that all three sites will be included in Batch Zero." $CIFR also stated its 900MW Apollo project and 200MW expansion at Stingray "have been submitted as studied loads in Batch Zero." - $CLSK's Sealy site (285MW) came with existing ERCOT approvals when acquired in 2025. Similarly, 300MW at its Brazoria campus received ERCOT approval in 2026 before Batch Zero was formally effective. The second phase at Brazoria (another 300MW) is expected to be either base or studied load in Batch Zero. - $CORZ's 430MW at its Hunt site was approved in 2024, and a portion has already been leased to AMD (indicating a Base Load classification is highly likely). For its 300MW of requested expansion at its Pecos site, $CORZ did not provide explicit classification guidance. - $GLXY's 830MW (gross) of incremental power at Helios (Helios II) was already approved by ERCOT in January (before the Batch Zero process was codified), and the company labels it as "available to contract." As such, I view a "Base Load" classification as extremely likely. With respect to Galaxy's Caspian site, the company stated on its August 5 earnings call that "Caspian has a potential total gross power capacity of 700 megawatts and is eligible for Batch Zero Base Load classification based on the milestones we've already completed, including executed interconnection agreements and the posting of known and identified required financial commitments for transmission and distribution upgrades. That puts Caspian on one of the most advanced development paths within our expansion portfolio." Accordingly, I think a "Base Load" classification for Caspian is highly likely as well. Galaxy's Helios III (1GW) and Selene (900MW) are expected to be "Studied Loads." $CIFR $CLSK $CORZ $HUT $GLXY

Datacenter ban would do for America what nuclear plant ban did for Germany.

Stocks selling off because a private company missed monthly alt-data revenue expectations. The podification of the market is complete.

@DratchCap 100% agree doesnt make sense but dont u think the same thing happened to nvda?

lord forgive me for i am about to average down

Live view from Citadel trading floor.

They should introduce a driver‘s license for trading semiconductor stocks given the retarded reaction to that China DUV article $ASML

If a diet coke is a fridge cigarette, what is a fridge cigar?

@RJCcapital Finally someone with a brain

@TMTLongShort Im not American and agree. Do you still give zero fucks? 😭

Watching FinX melt down every time the market has a much-needed correction is pure entertainment.

You can be completely right about where the market is going and still get destroyed by the route it takes to get there

"a lot of investors are in the 'feel clever, look smart' game more than the money game." "you either have to say, i'm looking for ideas so complex that no one is going to do them, or it should actually be quite simple." "you probably want to be long Elon Musk. that level of idea." "the gift is being able to sell that idea. a lot of investing media actually serves to dress up those ideas in a way that makes them feel differentiated" "you should just buy big companies when they're at their 200-week moving average. i love that idea because it's just so simple. but it's right." the most profitable strategies i've ever built are embarrassingly simple. three rules, maybe four. often complexity is usually a costume for trying to deal with uncertainty.

“dad what was it like to take a screenshot instead of selling it all in May?”

semianalysis is worse than al qaeda

@DeItaone The world is healing

@RHouseResearch @Franchise9494 “Ironically they probably benefited from the fact that they were unable to sign a deal in ‘24.” In the past mgmt was emphatic about being patient and not signing just any deal. I thought it was bs but looking at their deal economics now I think was pretty intentional.

@ContrarianCurse Bought a ps5 just to play GTA VI. People have been waiting for more than a decade, $20 more is not gonna keep ppl from buying