Power Analysis

We zoom out on Bitcoin’s five year chart to make sense of the cycle, the pullbacks, and why returns may keep shrinking while the upside can still be huge. Then we walk through the week’s biggest AI and mining stock headlines and what they signal about power, compute demand, and long term execution. 

• Bitcoin cycle phases and the case for zooming out 
• Diminishing returns across cycles and realistic bull market targets 
• Dollar cost averaging habits and why patience matters 
• Miner stock moves and what can drive rallies beyond BTC price 
• Meta’s Alberta data center and why it pushes back on compute FUD 
• Why Alberta is becoming a data center and AI magnet 
• Bitdeer’s SEAL miner US manufacturing plan and tariff risk 
• Fox Creek vertical integration with on site power plus grid flexibility 
• MARA’s 2GW Texas land deal and the Starwood partnership angle 
• IREN’s RSU letter highlights and what lockups mean for shareholders 

Let us know in the comments section below what you make of today's headlines and your top pick in the space currently!

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We connect the dots between Bitcoin stability and the rough tape in AI infrastructure stocks, then zoom out to the real constraint behind both markets: power. We also unpack how capital, compute, and policy shape who wins the race to build GPU-heavy AI data centers across the US and beyond.

• Bitcoin range action versus miner uncertainty and AI stock weakness 
• Rise AI conference scale and why mining companies are showing up 
• IREN’s sponsorship, branding strategy, and CSP-style buildout plan 
• TeraWulf interview highlights and why ERCOT demand numbers shock 
• Interconnection backlogs, batching reforms, and what policy changes unlock 
• “Bring your own generation” as a moat for AI data center development 
• Demand response and curtailment credits as real business model drivers 
• Community impact from data centers, jobs, taxes, and local investment 
• Bitcoin network transaction volume hitting record highs for adoption 
• Galaxy Helios phase one completion and the mining-to-HPC pathway 
• CleanSpark’s June production, hashrate efficiency, and power under contract 
• NScale’s revolving credit move and what it signals for AI infrastructure capital

Let us know in the comment section below if you're currently holding shares in either Clean Spark or Galaxy and your top pick in the sector currently!

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We sit down with TeraWulf CFO Patrick Fleury right after the Anthropic announcement to break down the deal terms, the financing structure, and what it means for long term shareholder value. We also unpack why TeraWulf is selling the Abernathy JV stake, how site selection drives terminal value, and where power markets like Texas can mislead investors. 

• overview of the two announcements and how they fit TeraWulf’s priorities 
• rationale for selling Abernathy and recycling capital into wholly owned sites 
• Hawesville lease structure with Anthropic including 20-year term and escalators 
• investment grade credit support framework and why it matters for project finance 
• yield on cost versus WACC and why leverage discipline drives equity value creation 
• valuation walk-through using NOI, cap rates, and per share impact 
• PUE strategy and designing capacity around peak versus average conditions 
• negotiation complexity and why leases and SLAs keep getting longer 
• terminal value thinking based on latency, population radius, and grid power economics 
• ERCOT realities, interconnection queues, and the risk of power assumptions 
• who owns technology refresh costs and why maintenance capex assumptions get mis-modeled 
• labour constraints for electricians, regional execution, and EPC partner selection 
• pipeline outlook for Morgantown, Eastern Kentucky, and potential Europe expansion 

Let us know in the comment section below if you're currently holding shares of WULF and what you thought about yesterday's news!

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Bitcoin steadies above $62K as AI infrastructure names rebound, but the bigger story is how hyperscalers and neo-clouds are redefining the market for compute and power. We unpack Meta selling excess compute, track new international deal flow, and run the numbers on TerraWolf’s massive long-term Anthropic contract. 

• Bitcoin weekend strength and what it means for miner revenue 
• Michael Saylor’s Bitcoin sale to fund dividend obligations and what it signals 
• Meta selling spare AI compute and the competitive impact on AI cloud providers 
• Why AI infrastructure stocks sold off and why volatility cuts both ways 
• ABTC’s 1-for-15 reverse split plus growing Bitcoin treasury and satoshis per share metric 
• Keel’s new president hire and what it suggests about near-term deal execution 
• SATO’s Bhutan renewable AI data center LOI aimed at Indian AI compute demand 
• Nebius entering Spain and accelerating its European expansion with efficiency focus 
• Anthropic Australia capacity rumors plus investor holdings that raise eyebrows 
• TeraWulf’s 20-year 401MW Anthropic deal, implied revenue per megawatt, and PUE implications 
• TeraWulf’s Texas JV stake sale and what geographic focus might look like next 
• Valuation sensitivity framework and Cantor’s updated TeraWulf target 

Let us know in the comment section below what you thought of today's headlines and if you're holding any of the shares discussed!

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We go from Drake and viral stock videos to a serious framework for investing in OpenDoor, AI data centers, and the miner-to-HPC transition. We also break down why executive compensation headlines can be a distraction and how systematic crypto regime models can help manage brutal volatility. 

• Drake’s unexpected role in building an audience for stock research 
• OpenDoor’s turnaround timeline under new leadership and why rates matter 
• Why pullbacks do not automatically break the OpenDoor thesis 
• The Iren RSU backlash and why insider activity can be misread 
• Iren’s strategic path with NVIDIA and how vertical integration could lift GPU economics 
• Token based AI usage and what rising demand means for power consumption 
• Cipher’s co-location model versus CSP style full stack compute 
• Why popularity increases volatility and how newcomers change price action 
• Letting winners run while sizing risk with systematic regime signals 
• EMJX and the case for a hedged multi-asset crypto treasury approach 
• Prediction models beyond markets from Bitcoin to Supreme Court decisions 

Let us know in the comments section below what you thought of today's discussion and your top picks in the sector currently!

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We break down IREN’s biggest new headlines and why a single compensation filing can swing investor sentiment faster than any quarterly update. We zoom out from red days on the chart to the long game: power, talent, contracts, and the mechanics that could turn IREN into a full-stack AI infrastructure player. 

• Bitcoin price action and what it signals for risk appetite 
• Red tape across AI infrastructure stocks and potential rotation 
• IREN’s run from $5 to $76 and why trimming matters 
• New C-suite hires from Oracle and Google ecosystem roles 
• What the $800M RSU grant actually is per Form 4 filings 
• Vesting periods and holding restrictions that limit near-term selling 
• Say-on-pay votes as the shareholder lever on compensation 
• How social sentiment flips and what that reveals about conviction 
• The NVIDIA relationship and the 30M share purchase right at $70 
• Power pipeline math across megawatts and gigawatts 
• A valuation framework tied to revenue per megawatt and EBITDA margins 

Also make sure you pop over to the website poweranalysis.io. Newsletter comes out tomorrow, 100% free. Let us know in the comments section below if you're currently holding shares of Iron and how you're feeling about the company currently!

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Bitcoin stays choppy under 60,000 while mining and AI infrastructure stocks swing even harder, so we slow down and focus on what the numbers actually say. We walk through Hive’s latest financing, ABTC’s Nasdaq compliance move, and an updated Bitdeer valuation tied to the Tydal Norway co-location narrative. 

• Bitcoin price action and what it signals for sentiment 
• Why miner volatility is normal and why we take profits 
• Lessons from the 2021 cycle on leverage, debt and survival 
• Heat map read on one month vs one year performance 
• Hive’s zero coupon senior secured notes and AI HPC capex plans 
• Why Scandinavia can improve data centre economics and PUE 
• ABTC’s 15 to 1 reverse split to maintain Nasdaq listing compliance 
• Bitdeer’s power scale, HPC revenue, SEAL miner efficiency and growth pace 
• Tydal Norway assumptions and sensitivity analysis for implied share value 

Let us know in the comment section below what you think of Bitdeer's numbers and if you're currently holding shares!

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Bitcoin slides into the high $50Ks and we zoom out on cycle expectations, investor psychology, and why pullbacks can create opportunities. We then track how crypto miners are turning into AI infrastructure companies, where power, HPC contracts, and execution matter more than headlines. 

• Bitcoin’s pullback and why we avoid calling a bottom too early 
• How investor psychology flips between fear and FOMO 
• Miner weakness versus year-to-date strength and the case for taking profits 
• The halving business model problem and why the next one could force a washout 
• Power strategy as the real differentiator for AI infrastructure and HPC 
• Battery storage as a response to grid constraints and PJM backlog 
• Russell 2000 and Russell 3000 inclusions as liquidity catalysts 
• WhiteFiber’s positioning and why counterparty quality matters 
• Bit Digital net asset value math and why a discount can persist 
• Q2 earnings season expectations and what happens when milestones slip 

Let us know your thoughts in the comment section below, specifically on TeraWulf and that Hawesville, Kentucky site!

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We size up Bitcoin’s slide under $60,000 and what “near the bottom” really means when you invest long term. Then we follow the money into preferred dividends, AI data center deals, and NVIDIA-grade infrastructure as miners pivot from hash rate to GPU hours. 

• Bitcoin range talk and long-term holder mindset 
• Saylor’s monetisation plan, dividend coverage fears, and buyback logic 
• Preferred shares trading below par and what daily dividends change 
• Why HPC AI looks more predictable than Bitcoin mining 
• Bitdeer and the Tidal Norway AI infrastructure signal 
• Bit Digital’s Ethereum treasury, staking yield, and WhiteFiber value 
• Russell 3000 and Russell 1000 inclusions for Keel and Iren 
• Iren’s NVIDIA Exemplar Cloud status and what it implies for enterprise demand 
• TeraWulf momentum and Citi’s $36 target 

Before we get into it, take a second, smash the like button, guys. If you're not already subscribed, McNallie Money, feel free to join. So make sure you guys drop your questions!

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We break down a brutal week in markets by zooming out on Bitcoin’s cycle and asking what “near the bottom” really looks like when miners are under real margin pressure. We also dig into why AI infrastructure and HPC conversion is becoming the survival plan, from financing moves to execution signals that hint at the next wave of deals. 

• zooming out on Bitcoin’s five-year cycle and where $60K sits versus the last peak 
• using hash price and the hash rate index to gauge miner profitability after the halving 
• why true mining costs go beyond energy to include fleet, payroll, and overhead 
• the shift from pure-play mining toward HPC and AI data center conversion across major miners 
• leverage liquidation cascades hitting Bitcoin treasury preferreds and pushing them off par 
• how dividend resets and cash coverage fears change the risk profile for preferred structures 
• Russell reconstitution effects and why flows can flip AI infra names intraday 
• why shareholder votes matter, with Core Scientific as the example 
• Hive’s $115M 0% exchangeable notes, cap call structure, and what the funding targets 
• a simple valuation framework for GPU colocation deals using $/MW, margins, capex, and multiples 
• Bitdeer’s AI platform recognition and why vertical integration matters in mining and AI 

Take a second, smash the like button, guys. Big help to myself and the channel. If you're not already subscribed, McNally Money, feel free to join. And let us know in the comment section below how you're feeling about your portfolio and your current top pick or position in the AI infrastructure space. Hit the like button, and we'll see you back here on Monday!

Anthonys Info:

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