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And how much capital will $IREN have to invest to bring in that $13B of Adjusted EBITDA in 2030…?!
Bernstein models $IREN scaling to ~5.8 GW longer term with cloud revenue reaching ~$17B and adjusted EBITDA ~$13B by 2030.
Interesting that they assume Childress stays flat at 750 MW so almost all of that upside comes from proving Sweetwater design can be repeated across Oklahoma, Australia and Europe.
Thats where the opportunity gets really large if IREN can execute with three-year contract pricing already up 125% even as the note also models ~$65B of incremental CapEx before the full revenue ramp.
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Aaron Rodgers says he saw a headless man during ayahausca hallucination jsonline.com/story/sports/nf…
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Per my earlier posts…
Anthropic and OpenAI are now chasing 20 to 30 MW compute deals alongside gigawatt projects as “speed to usable capacity” becomes increasingly important.
That puts already energized sites in a way stronger position as labs look to take whatever capacity can come online fastest.
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I’m sorry, but how does this work, if they are paying $20-40M per MW ($100-200B at YE 2026 ARR compute costs), with an ARR of $65B at the end of July?
ANTHROPIC PLANS TO SCALE AVAILABLE COMPUTE TO ~5 GW BY YEAR-END, THEN ~10 GW IN 2027
Anthropic told investors it expects roughly 5 GW of available computing capacity by the end of this year, up from about 1.5 GW last year, per the NYT.
That would put it roughly in line with OpenAI’s estimated compute footprint this year, with both companies targeting around 10 GW by the end of 2027.
Anthropic has been aggressively locking up capacity across providers. It agreed to pay SpaceX about $1.25B per month for compute through May 2029, while its Amazon partnership includes up to 5 GW of capacity.
It is also in talks with Meta over a potential compute lease worth as much as $10B over two years, though no deal has been finalized.
Source: NYT
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Again, this would represent roughly 25% of US GDP in 2030.
Each Starship launch could generate $1 billion in revenue. Elon is aiming for 10,000 flights per year, or $10 trillion in Starship revenues, by 2030. If SpaceX achieves this goal, its $1.75 trillion IPO will be considered, in hindsight, a deep value opportunity!
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Short interest in $ORCL is only 2.6% of the float, which is below the overall market’s level. And Ellison announced his sale plan after the market closed on Friday. Other than that…
Larry's going to jam up the shorts but good with that cancellation of his Oracle sell plan. He's one canny fellow
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When a neocloud tells you they are “signing deals” at $25-40M per MW, your next question should be, “From whom, and how big is that contract…?” Self-reported KPI’s like “contract signings” and “ARR” can be gamed…and often are. Particularly when you need to constantly raise $.
The list of 8 companies that $CRWV has arranged circular financing deals with. Companies that CoreWeave invested in so they could rent capacity from themselves.
The outer rungs of the circulating finance deals are now starting their own circular financing deals with startups.
The entire sector is literally a Ponzi scheme now.
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So not only did Ellison announce a material 10b5-1 equity sale plan ATC today, but it appears that $ORCL forgot to mention in their 1Q press release and conference call an additional $700M to their ongoing restructuring charge plan. Simple oversight, I’m sure.
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Huh…?! In the LTM $NVDA’s “Investments” increased $83B on an increase in Retained Earnings of $131B. That ain’t 100-1, even using AI math.
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This is not the “bear case” on AI data centers…and he knows it. It’s that even when using 10 year depreciation on the GPU’s inside the data centers…the business is still uneconomic(returns below cost of capital). $IREN $CRWV $NBIS
$IREN CEO Dan Roberts said the bear case that AI data centers get rebuilt in 10 years does NOT apply to Iren.
He said that each data center is becoming the reference design for the next. Each project is inherited in the last one’s lessons instead of starting from zero.
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Are we sure that’s not @Cubs fans leaving the state…?
MASSIVE BIRD MIGRATION PICKED UP ON RADAR OVER SE WISCONSIN.
Some estimates I've seen as high as 300 million birds on the move south tonight.
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Then why not rent them out yourself? Or simply keep raising prices? $NVDA
NVIDIA compute is fungible, durable and highly rentable. It is a productive, revenue-generating asset.
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So a mere $500B to $1T in $SPCX capex….
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This is not good news for $RIVN. Reminder that their Software and Services segment (only source of profits) is almost entirely revenues from their JV with VW.
Breaking News: Volkswagen said it is cutting about 50,000 jobs in the face of surging Chinese competition, energy prices and the costly transition to electric vehicles. nyti.ms/4hacmDq
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“I see your GoPro, and raise you a Dyson AI toothbrush…”
AI is getting a little more bite. Dyson’s new $499 toothbrush comes with a built-in camera and AI to spot the gaps you’ve missed - bringing the tech industry’s camera-everywhere era straight into your mouth bloom.bg/3UlcnM6
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