1.
$NBIS
Full-stack AI cloud. Revenue up 450%+ YoY, TTM already >$1.3B. Targeting $7 - 9B ARR by end-2026 with ~40% adjusted EBITDA margins. Clean balance sheet and NVIDIA partnership.
2.
$CIFR
Fully pivoted to hyperscale data-center landlord. ~$11.4B in contracted revenue from AWS/Google-backed tenants. Expected average annual NOI ~$793M starting late 2026. Pipeline multi-GW.
3.
$IREN
AI Cloud already >50% of revenue and exploding. $4B contracted ARR for 2026 capacity. Strong Microsoft & NVIDIA deals. High-80s gross margins on the AI side.
4.
$INFQ
Quantum computing & sensing pure-play. 2026 guidance raised to ~$43-45M (up >100% YoY growth in recent quarters). Strong cash position, zero debt, growing government & commercial traction.
5.
$WULF
HPC leasing now >70% of revenue. Contracted revenue ~$27B, 839 MW leased, 2.1 GW pipeline. Street sees revenue climbing from ~$270-290M in 2026 toward $1.6B+ by 2028. Target NOI margins ~85%.
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