Power Analysis

We close out a rough week for Bitcoin and AI infrastructure stocks by zooming in on what actually drives outcomes: revenue quality, power delivery, and execution speed. We run the valuation math on Frontier labs and connect it to the on-the-ground reality of data center build timelines, supply chain lead times, and contract economics. 

• Bitcoin check-in from Token2049 and why sentiment does not always move price 
• OpenAI and Anthropic revenue run-rates, IPO timing and what valuation multiples imply for public comps 
• IREN megawatt ramp, Microsoft Horizon delivery cadence and why execution photos matter 
• TSMC earnings and what AI chip demand signals for the broader AI supply chain 
• Weekly heat map, sector pullback context and how we approach buying during weakness 
• Dark Horse partnerships in the Tennessee Valley Authority region and what “right-sized” sites look like 
• Hive supply chain infographic and the real lead times for switchgear, transformers and gas turbines 
• Host Digital overview, reverse merger details and the economics of a long-term take-or-pay lease 
• Why markets misprice data centers when permitting, power access and build approach differ 
• TeraWulf financing approach, cost per megawatt inflation and aligning incentives with insiders 
• Riot Platforms on local economic impact, schools and the case for data center education 
• Morgan Stanley price targets, implied upside and what needs to happen next for laggards 

Let us know in the comment section below if you're making any purchases at these levels and your current top pick in the sector!

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Markets bleed across AI infrastructure stocks and crypto, and we break down why the sell-off ties back to rates, funding costs, and the sheer CapEx required to build modern GPU data centers. We also run through the biggest company headlines and explain why execution and contract structure matter more than narratives when volatility hits. 

• treasury yields pushing higher and lifting discount rates on long-duration growth stocks 
• the CapEx reality of AI data centers from per-megawatt build costs to GPU procurement timing 
• how interest expense and refinancing risk show up in real dollar terms across recent deals 
• the day’s tape read across key AI infrastructure names, volumes, and what we’re watching next 
• upcoming earnings dates and notable recognition for smaller operators scaling into HPC 
• Bitdeer’s accelerating Malaysia buildout and what it signals about Southeast Asia AI demand 
• closed-loop cooling fluids, water consumption concerns, and why containment is the real risk 
• Hive’s Paraguay roadmap from bitcoin mining cash flow toward an AI factory model 
• Mara’s pipeline and why site selection, permitting, and long-term partnerships slow deal timing 
• Iren’s response to third-party criticism and what Nvidia validation implies for performance claims 
• WhiteFiber’s Continuum concept and why latency solutions can change smaller site economics 

Let us know in the comment section below why do you think the AI infrastructure stocks are pulling back!

Anthonys Info:

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https://www.powermininganalysis.com

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https://twitter.com/cazenove_uk

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https://www.patreon.com/Cazenove_UK

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We track a brutal red day across AI and infrastructure names while the underlying buildout story keeps getting stronger. We bring field notes from Token2049, run through major earnings and analyst targets, and keep coming back to the same constraint: getting power and data centers online fast enough to monetize GPUs. 

• Token2049 takeaways, Bitcoin volatility, and crypto bull cycle claims 
• Why institutional access, ETFs, and banks matter for the next crypto leg 
• Nvidia connected Lambda funding and IPO timeline chatter 
• Market close recap and why share prices feel disconnected from fundamentals 
• Applied Digital Q1 earnings, revenue growth, and the path to operating leverage 
• CoreWeave expansion news, India entry, and analyst price target updates 
• Micron’s massive upside case framed through free cash flow and demand 
• HUT 8 Riverbend groundbreaking details and what energization timing implies 
• Dark Horse site expansion visuals and why small caps can surprise 
• Keel’s “timeline to power” advantage and why idle GPUs force aggressive leasing 
• Corvex focus on productive megawatts and infrastructure coordination 
• Soluna behind-the-meter renewables, Maestro OS, and faster interconnection paths 
• Iren job postings, Alberta breadcrumbs, and the semi-analysis back-and-forth 

Let us know in the comment section below how you're feeling about the portfolio and if you're making any ads or buys at these levels!

Anthonys Info:

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https://www.powermininganalysis.com

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https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

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https://twitter.com/McnallieM

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We rank the top five AI co-location deals by revenue per megawatt and explain why the headline rate is only the start of the story. We also track how Bitcoin miners are evolving into HPC data centre operators, with efficiency, financing, and contract structure deciding who wins. 

• Bitcoin price update and what a higher baseline means for mining names 
• Quick scan of sector stock performance and volatility 
• Applied Digital securing up to 1GW in Finland and why Scandinavia matters 
• Dark Horse doubling contracted power in the TVA region and the permitting reality 
• Co-location versus CSP trade-offs including risk, complexity, and payback period 
• Colo market growth forecasts and why rising GPU prices lift lease rates 
• Why revenue per megawatt can mislead without capex, PUE, and cost of capital 
• Top five deal breakdowns: WhiteFiber, Galaxy, Riot, TeraWulf, Bitdeer 
• Hut 8 Louisiana groundbreaking and how pass-through structures change margins 

Let us know in the comment section below what you thought of today's discussion and your top pick among the five!

Anthonys Info:

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https://www.powermininganalysis.com

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https://www.patreon.com/Cazenove_UK

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https://twitter.com/McnallieM

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We walk through the week’s biggest AI infrastructure and crypto market signals, then zoom in on why megawatts, utility relationships, and permitting are becoming the true competitive edge. We also unpack TeraWulf’s Muskogee power expansion and what it suggests about the next wave of hyperscale AI data center leasing. 

• Bitcoin price check and what quarter close means for reported digital asset gains 
• Preferred share mechanics and how they shape Bitcoin buying capacity 
• Market heat map read-through and why volatility can mask execution 
• Amazon’s data center community spend and the political risk of moratoriums 
• Token2049 preview and Bit Digital’s Ethereum-focused treasury strategy 
• White House AI Tsar announcement and what a superintelligence task force signals 
• Core Scientific’s local site visit and the on-the-ground reality of modern facilities 
• Bitdeer production trends and using mining cashflows to fund AI plans 
• Hive Buzz HPC scaling and the economics of large GPU deployments 
• TeraWulf Muskogee update with 1 GW contracted power and potential path to 2 GW 

Let us know in the comments section below if you're currently holding shares of TerraWolf and what you thought about today's update!

Anthonys Info:

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https://www.powermininganalysis.com

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https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

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https://twitter.com/McnallieM

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Markets wobble into the weekend while Bitcoin rallies then pulls back, and we dig into why ETF flows matter more than daily noise. We track which miners and AI infrastructure names are actually executing on power, builds, and contracts as Wall Street resets expectations with fresh targets and catalysts. 

• Bitcoin price action into option expiration day 
• Year-to-date Bitcoin ETF inflows versus the June and July outflow streak 
• Miner and AI infrastructure stock heat map and what a green day really fixes 
• Applied Digital scaling leased AI capacity at Polaris Forge 
• Galaxy Helios and the case for near-zero GPU vacancy rates 
• Core Scientific’s shift from mining toward HPC revenue 
• IREN construction progress plus liquid cooling groundwork 
• DMG’s conference meetings to convert an LOI into a signed deal 
• Terawulf’s execution focus and financing discipline from investor Q&A themes 
• Insider collar strategies at TeraWulf and HUT 8 to fund taxes without selling 
• Price targets and key catalysts for CoreWeave, Bitdeer, and MARA 

Let us know in the comment section below how the portfolio is looking today and your current top pick in the space!

Anthonys Info:

Website:

https://www.powermininganalysis.com

X: 

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

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https://twitter.com/McnallieM

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We track why markets struggle even as AI fundamentals keep getting stronger, from Bitcoin’s move to a surge in Treasury yields that changes the financing math for data center builders. We also connect the dots between power shortages, rising GPU pricing, and blowout Micron results that validate just how fast the AI infrastructure cycle is scaling. 

• Bitcoin strength and what it signals for proxies 
• 10-year Treasury yield spike and how it hits consumer spending 
• Higher yields raising the cost of debt for AI infrastructure companies 
• Why contracted backlog and blue-chip counterparties matter most 
• FTC probe, AI safety pledges, and the speed of model releases 
• The scale of AI capex compared with prior infrastructure revolutions 
• Corvex as an emerging compute and security-focused data center story 
• Power demand shortfalls and the long-lease path toward REIT-like trading 
• GPU price inflation and why CSP and co-location economics improve 
• Micron earnings, HBM expansion, and what it implies for NVIDIA demand 
• Street price targets for MU, CoreWeave, and NVIDIA 

Smash a like button, guys. If you're not already subscribed, McNally Money, feel free to join. Let us know in the comment section below how you're feeling about the portfolio and if you're making any purchases at these levels!

Anthonys Info:

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https://www.powermininganalysis.com

X: 

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

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https://twitter.com/McnallieM

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We sit down with Corvex co-CEO and founder Seth Demsey to unpack the company’s rapid AI data center expansion and the launch of Token Factory, an API-driven way to consume open-weight models without running clusters. We dig into what “secure AI” actually means at the infrastructure layer, why confidential compute matters, and how Corvex thinks about token economics, enterprise adoption, and financing growth. 

• Seth’s background in HPC, large-scale ML systems, and enterprise platforms 
• Corvex’s AI factory roadmap from current capacity to multi-site megawatt expansion 
• Why Corvex targets long-term take-or-pay offtake instead of by-the-minute GPU rentals 
• How AI factory, Token Factory, and assured AI security capabilities fit together 
• The difference between protecting customer IP and broader model safety concerns 
• Confidential compute and securing model weights, training data, and inference traffic 
• Upcycling existing data centers to reduce community friction and accelerate deployment 
• Capex realities for AI data centers and planning for changing power standards 
• Token Factory launch details, open-weight models, and zero data retention posture 
• How Corvex plans to finance growth through people, prepayments, debt, and recent funding 

Let us know in the comment section below if you’ve heard of Corvex before and what you thought about today’s press release!

Anthonys Info:

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https://www.powermininganalysis.com

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https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

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https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

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We track Bitcoin’s latest push upward, then zoom out to show why AI infrastructure stocks can still slide hard even when BTC looks strong. We connect market moves to real catalysts: White House AI policy signals, OpenAI Dev Day pricing, and new approaches to tokenized GPU usage that could reshape how inference gets billed and secured. 

• Bitcoin’s one month setup and what higher highs imply 
• AI infrastructure stock pullbacks and day range volatility 
• Heat map takeaways and why correlation with Bitcoin is weakening 
• White House “superintelligence” framing and the voluntary AI agreement 
• OpenAI Dev Day highlights including Dots and the paused Astra launch 
• The new $500 per month Pro tier and what token speed changes 
• Tokenization as a likely shift from subscriptions to pay per use 
• Corvex Token Factory and zero data retention secure inference 
• Core Scientific’s local community impact around Marble Canyon 
• Bitdeer Malaysia expansion with takeoff commitments and backlog growth 

Let us know in the comment section below what you thought of today's discussion and your current top pick or favorite in the sector!

Anthonys Info:

Website:

https://www.powermininganalysis.com

X: 

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

X:

https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

Merch:

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Website:

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Business Inquiries:

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We zoom out on Bitcoin and crypto price action, then follow the money and the headlines into AI infrastructure where power, cooling, and execution matter more than hype. We also unpack the sudden industry-wide focus on AI safety, plus the IPO chatter and project updates shaping the next wave of data center buildouts.

• Bitcoin’s long-term chart and the challenge of holding through cycles 
• Token2049 in Singapore and Ethereum’s relative strength 
• Mining and AI-adjacent stocks fading from early green and what low volume signals 
• White House AI meeting and the push for regulation and safety 
• OpenAI launch timing, safety checks, and what Dev Day signals 
• Nvidia open agent safety platform and why “kill switch” thinking is spreading 
• Anthropic IPO rumours, growth math, and why power becomes the constraint 
• Crusoe’s Texas expansion, megawatt scale, workforce needs, and non-evaporative cooling 
• Core Scientific’s transition from bankruptcy history to HPC delivery timelines 
• Corvex PIPE resale registration mechanics and data center expansion targets 
• Keel Scrubgrass community process, permitting, phased build reality, and land needs 
• Riot price target update plus key industry conferences and ecosystem momentum 

Let us know in the comment section below how the portfolio is faring today and what you thought of the discussion!

Anthonys Info:

Website:

https://www.powermininganalysis.com

X: 

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

X:

https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

Merch:

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Website:

https://www.mcnalliemoney.com

Business Inquiries:

Email - [email protected]