This Texas one seems to use solar and wind power. I’m still thinking about that BBB, it probably doesn’t have an impact across the border into Canada. However, I understand it could have an impact on future investments in the USA, as taxation would make them less profitable. Nevertheless, a positive aspect here might be that these renewable energy facilities seem to be largely in red states, benefiting them, so one could hope it would at least act as some kind of barrier against the craziest actions.
E: this was a reply, but the message I replied to seems to have been deleted.
I’m not a TA expert, but it’s rare to go straight up for very long. A high RSI means the stock is considered overbought, which often leads to a correction.
The stock has risen nicely again, which enables smart financing solutions. In my opinion, the biggest risks, in addition to Bitcoin’s decline, are delays in AI agreements. It’s completely clear that own and borrowed money will be poured into it for a long time to come, so it should succeed. And I follow the news about it closely.
Growing the managed cloud suggests a strong demand for this, at least for these prime setups.
It will still take time before even that Canadian site is full (unless some infra deal is also made there, or whatever one would call that collocation), so I guess those Texas facilities will be almost 100% infrastructure.
If one believes that the demand for AI/HPC capacity will exceed supply, then it is only a matter of time until contracts are announced. A good contract later is better than a bad one earlier…
Quite a wild opening with the news. I went to check reactions on Twitter and came across these three identical bot tweets. What is the purpose of such useless bot tweets? It’s somewhat hard to believe that such rather contentless tweets could cause any price reaction among retail investors. I intentionally left the link out of the tweets; after all, it’s junk content.
I reviewed and pondered the press release. Based on the press release itself, I don’t yet see that anything significant has happened on the AI data center side, in terms of numbers.
BTC mining, on the other hand, appears to have been quite profitable. I calculated that hardware profit would have grown by approximately 6.4% from last month, taking into account the different number of days in the months. Of course, the BTC-specific revenue due to Bitcoin’s price was also higher in June than in May (2.3%).
One more thought about that hardware profit: it is not a GAAP-compliant metric. Have forum members perhaps investigated more thoroughly how much, if at all, this distorts the picture of the actual operational profitability?
Hey, if you’re looking for something similar to IREN with a high risk/reward ratio, then Soluna Holdings, Inc. (SLNH) is a micro-cap company under $20 million. I won’t bother creating a separate thread for this, but it’s worth checking out the company. Here’s a summary of the company from Yahoo’s website. Feel free to move the post if it’s in the wrong place.
Soluna Holdings, Inc., through its subsidiaries, engages in cryptocurrency mining through data centers. It operates in three segments: cryptocurrency mining, data center hosting, and high-performance computing services. The company also operates in the blockchain business. Additionally, the company develops and builds modular data centers used for cryptocurrency mining. Furthermore, it provides data center hosting services, including power distribution and network connectivity for cryptocurrency mining clients. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and changed its name to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.
I looked at the company when I was doing competitor analysis for Iris. It’s also an interesting company. I didn’t invest due to too high mining costs and small scale. But if Iris rises too much, this becomes more interesting every time the value of Iris grows.
Yeah, these have often been bundled. I haven’t looked into it more closely, but from the discussions of the reasonable™ people I follow, I gather that it’s another data center/mining company of higher than normal quality.
Perhaps, however, it’s a slightly different investment case than IREN, which has acquired those massive infrastructure assets through long-term, systematic operations and thus has the flexibility to be a bit of everything for everyone, depending on one’s taste.
If I were to invest in another DC/BC company, I would look into it more closely.
Yesterday, I read speculation on Twitter that at yesterday’s highs, $IREN itself had sold its own shares through an at-the-market offering (ATM), which then would have been instrumental in curbing the stock’s rise despite BTC’s increase. I don’t know if 1) $IREN actually sold its shares this way yesterday, or 2) why that stock price fluctuation wouldn’t be based – especially for such a volatile stock – purely on randomness.
ATM offerings, or whatever they should be called in Finnish, are quite unfamiliar to me, but based on my research, I came across the following form filed with the SEC in January, which indicates that such offerings are possible for the company.
Of course, it’s possible that more money will suddenly be needed if they suddenly have to invest more than expected in cloud services due to new customers.
As I understand it, a large part of last month’s loan was allocated to Blackwelleihin (Blackwells).
Dan said that they are considering the best possible and least dilutive financing package for expanding the cloud service offering, which I mentioned in an earlier message.
So, apparently, there would be demand for it.
The consensus has been that an ATM (At-The-Market offering) would not need to be ‘hit’ after the loan package, but I’m not entirely sure. However, this has also been a subject of jokes on X, ‘we’d already be on the moon if [person x from company management] didn’t start hitting the ATM as soon as the stock price rises’.
I don’t know how soon ATM offerings are visible, for example, on SEC Edgar, if one is interested in them; they probably appear eventually with their own code.
But probably not in real-time.
E: since this included stock price speculation, it might be related
I completely forgot about those shorts, even though I also came across the same tweet. There seems to have been more talk about short sellers around the company in the last couple of days.
