The USD.infra Vault Is Now Open 🔓 The Internet runs on digital infrastructure. Now with DAWN, that infrastructure is financeable on-chain. Introducing the USD.infra Vault: A new way to finance digital infrastructure powering AI compute and connectivity.

Crusoe has raised $3.9 billion in Series F, co-led by @Atreidesmgmt, @MubadalaCapital, and @valor Equity Partners. This capital will help us grow across our AI factories, from large-scale campuses to modular Crusoe Spark units, and continue to innovate with Crusoe Cloud. The full chain, from electrons to tokens: crusoe.ai/resources/newsroom…

When you learn history as a kid, it comes as a series of leaps. Agriculture, the industrial revolution, cars, the Internet. I remember being wide eyed at all of it thinking how nuts it must have been to live while the world was changing underneath you. But then you learn about the second half of the story, things like the Gilded Age. And what sucks is that once you see it, you start to notice it behind every one of those leaps. The world changes for everyone, but the upside goes to a few. Everyone got to ride the railroad, but almost no one got a share of it. The average person got to live through the revolution, all while having to watch someone else own it. Well, we're living through one of those leaps right now and AI may end up being the biggest of them all. Our path at DAWN is based on a question I keep coming back to -- does it have to go the same way? I don't think it does. For the first time, the financial rails exist for anyone to participate in something like this directly. On-chain finance was built for exactly this -- access. That's what makes it possible to actually do better this time. So the goal -- anyone who wants to be part of this revolution should have a way in. If you want to back what's being built, you should be able to earn on it, directly. If you want to build it, you should be able to get funded. USD.infra is the bridge between on-chain capital and the real infrastructure powering this revolution. AI compute, connectivity, edge, power. Yield flows to the people backing it. Capital flows to the verified operators building it. That's the whole idea. This time, the people living through the revolution actually get to be part of it.

Since 2024, DAWN has raised $40M to date to tokenize AI and connectivity infrastructure. This has been led by @DragonflyVC, @polychain, @vaneck_us, and more amazing investors. We’ve spent that time building. Here’s what’s ahead 👇

There is a once in a generation demand for new infrastructure. Nearly $7T will be invested into AI infrastructure and data centers by 2030, and the people building it can't get financed fast enough. DAWN tokenizes AI infrastructure so institutions and retail can access its cash flows as on-chain yield. Read More Here 👇

Pay attention anon

It’s honestly crazy that Trump could have sat back and rode the AI wave re-industrializing America and instead he did tariffs, tried to take over the Fed and started another war in the Middle East. Has there ever been a bigger own goal?

My thesis on @BitRobotNetwork and why I've been working towards this the last ~4 yrs

10 years ago @polychain was founded in an apartment in SF to build a unique fund, from first principles, for investing in crypto-assets because ‘the future is more Sci-Fi than you think’. It has been an incredible journey with so much to be proud of from the firm’s extraordinary returns & portfolio of projects. But what we’re most proud of is that Polychain spawned so many outlier entrepreneurs from the core team. Nearly a dozen centimillion-dollar firms/funds alongside several unicorns & a decacorn.

Hut 8 has fully commercialized its 1 GW Beacon Point AI data center campus with a second 352 MW IT lease, bringing campus-level base-term contract value to $19.6 billion. The 15-year lease doubles the existing high-investment-grade tenant's contracted capacity at the campus to 704 MW, and renewal options carry potential campus-level contract value to $50.2 billion. Across its portfolio, Hut 8's contracted AI data center capacity now totals 949 MW, supported by 1,330 MW of utility capacity, representing $26.6 billion in aggregate base-term contract value and average annual NOI of more than $1.75 billion. 100% of that capacity is leased to or backstopped by investment-grade counterparties. Read the full release: hut8.com/news-insights/press…

Risk/reward seems attractive again. Lots of cheap stocks with durable competitive advantages that are going to crush numbers for the next 6-12 quarters. Time will tell!

There’s a lot of disinformation going around about $META “cutting capex” because they “overbuilt”. This is an “if” they have excess capacity. And it looks like the opposite right now: Hyperscalers like $GOOGL are so compute constrained that they had to cut allocations to Meta back in March. Since Meta was using too much for internal projects. Meta was immediately constrained so it looks like they were forced to immediately sign massive $48B+ contracts with Neoclouds like $CRWV and $NBIS. Meta is selling excess capacity if there’s any, especially since their large contracts are take or pay from the Neoclouds. If anything, I’m expecting their guided capex to go up as they build out more independent capacity.

What a rotten deal we made with Iran. We get nothing (except laughter at our stupidity). They get everything, including delay and big cash!

Hyperliquid.

New Anthropic news looks like a potential tailwind for the Neocloud colo sector. Such as $WULF, $CIFR, $WYFI, $HUT and others (not named yet). As Anthropic is pursuing its first DC leases. "The AI company has signed more than a dozen letters of intent with U.S. developers" per The Information.

Hut 8 has priced $4.25 billion of investment-grade senior secured notes due 2042. The fully amortizing notes will finance the development and construction of a turnkey data center at our Beacon Point campus, which will comprise six data halls with a combined total of 352 MW of IT capacity. Read the full release: hut8.com/news-insights/press…

Today, we remember a legend. On this day in history, Harambe would have celebrated another birthday. An icon that became part of internet history, American culture, and an entire generation’s timeline. Tomorrow marks 10 years since we lost him. Ten years since the moment the world stopped scrolling and collectively mourned something bigger than a meme. He became a symbol of loyalty, strength, chaos, unity, and the strange beauty of the internet bringing millions of people together for one cause: never forgetting Harambe. Everyone remembers where they were when they heard the news. And somehow, a decade later, his legacy still lives on. Gone, but never forgotten. Rest easy to a true patriot. 🕊️🇺🇸 May 27, 1999 — May 28, 2016 Forever in our hearts.

- the man behind hyperliquid:native - immigrant background - raised by a single mother after divorce - self-taught physics at 16 - wins gold at the International Physics Olympiad - starts trading crypto in 2019 with $10K from a living room in Puerto Rico - builds Chameleon, one of the largest crypto trading firms - shuts it down voluntarily - sees crypto drifting away from decentralization (FTX) - decides to build something new - co-founds Hyperliquid - team of just 11 people - no VC funding, no investors, no MMs - rejects $100M at a $1B valuation - processes over $4 trillion in volume - generates ~$900M in profit in a single year - core philosophy: neutrality and integrity - fees automatically burned on-chain - becomes one of the most profitable protocols in DeFi - Jeff Yan

12.05.2026

We’re excited to announce @Anchorage is partnering with M0 to power stablecoin issuance using M0’s modular infrastructure. Anchorage Digital will become the first federally chartered digital bank to do so.