Yield

Views are mine and not financial advice. Retail Investor. Always DYOR.

[Yield @Yield_of_Parth]

@Wizardofdigi19 @novogratz lol

[Yield @Yield_of_Parth]

For the “wen deal” crowd: @novogratz hinting “knock on wood” rest of Helios to be signed by July 4th or “certainly by the end of the summer” $GLXY

[Anthony Scaramucci @Scaramucci]

Bitcoin is bleeding; the most important IPO moment in market history, with SpaceX, Anthropic, and OpenAI all heading to public markets simultaneously; why the data center buildout is falling dangerously behind schedule; Bernie Sanders' plan to give the government a 50% stake in every major AI company in America, and so much more in today's episode on All Things Markets (@AllThingsMkts) with Mike Novogratz (@novogratz) and me. (@SALTConference)

Watch on X, YouTube, or Spotify, using the link in the comments below.

Timestamps
0:00 Novo and Mooch are back!
0:45 Jobs report: Why is the economy so resilient despite every headwind?
2:11 If you knew everything coming, would you have predicted Bitcoin down 50%?
4:57 Relative Strength Index (RSI) explained
5:55 Is the Bitcoin thesis broken?
8:21 Anthony's Bitcoin position
10:23 The story of 3 IPOs: Anthropic, SpaceX, and OpenAI
12:17 Bernie Sanders "A.I. Is a Public Resource. You Should Own Half of It."
15:40 Galaxy’s data center and what it all means
18:18 The K-shaped economy problem and America's tale of two cities
21:22 Bullish or Bearish 1: Bernie Sanders' AI fund gets serious Senate traction
22:10 Bullish or Bearish 2: The AI energy trade outperforms chip stocks in the second half of 2026
24:24 Bullish or Bearish 3: Bitcoin trades down into the $50s before it gets back into the $70s
27:18 Bullish or Bearish 4: The U.S. enters a recession before year-end
28:03 Bullish or Bearish 5: The Knicks win the NBA Championship
29:46 Novo's story about his father

[Jeff Davies, the Energy OG @EnergyCredit1]

Semis have historically been tied to PC and Phone replacement cycles. People only need new phones or laptops every few years. Even if you believe the same cyclically exists, the industry has added a third leg to the stool. Data centers. Token growth rate will see changing levels of demand but will never be cyclical. Tokens will always grow just like data always grows in today’s world. The majority of the world’s data was created in just the last 3-4 years.

Mathematically there is zero argument they have the SAME cyclically because you have three sources of demand versus two now. So of course peak and trough multiples should be higher forever going forward. #math

Where earnings peak is tbd but there is zero cognitive argument imo multiples shouldn’t change vs the past

[mister employed @Forever_Wario]

i've watched this 5 times i'm literally crying laughing about the robot

[Yield @Yield_of_Parth]

$GLXY has underperformed their peers due to the crypto stench. Personally think their fortune reverses as more of their Helios site comes online and they sign a second deal. A crypto rebound wouldn’t hurt either.

[Rittenhouse Research @RHouseResearch]

Morgan Stanley's Global Head of Thematic Research Stephen Byrd discussing how Galaxy Digital $GLXY is overlooked by investors with respect to the "Bitcoin Miner to AI Data Center Developer" trade..

"That stock (Galaxy $GLXY) has been overlooked because it has so many other businesses. But Galaxy has a fantastic opportunity, mostly in Texas, that is ignored by investors, who tend to go to the more pure plays, like the Hut, like Cipher, and they've overlooked Galaxy. Galaxy has a phenomenal growth outlook..

In dialogue everyday with investors, I just don't hear Galaxy come up as much as it should, I think that will change, especially given their Texas position."

$GLXY

[Rittenhouse Research @RHouseResearch]

Morgan Stanley's Global Head of Thematic Research Stephen Byrd discussing how Galaxy Digital $GLXY is overlooked by investors with respect to the "Bitcoin Miner to AI Data Center Developer" trade..

"That stock (Galaxy $GLXY) has been overlooked because it has so many other businesses. But Galaxy has a fantastic opportunity, mostly in Texas, that is ignored by investors, who tend to go to the more pure plays, like the Hut, like Cipher, and they've overlooked Galaxy. Galaxy has a phenomenal growth outlook..

In dialogue everyday with investors, I just don't hear Galaxy come up as much as it should, I think that will change, especially given their Texas position."

$GLXY

[IREN @IREN_Ltd]

IREN has announced a planned 800MW data center campus in Bundey, South Australia. 

This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date.

Learn more: https://t.co/3bOYCUG3pk

[Hardik Shah @AIStockSavvy]

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $IREN IREN Secures Transmission Deal for 𝟖𝟎𝟎𝐌𝐖 AI Data Center Campus in Australia

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ IREN signs transmission connection agreement for an 𝟖𝟎𝟎𝐌𝐖 data center campus in South Australia.

➤ Bundey project will connect via four 𝟑𝟑𝟎𝐤𝐕 feeder exits with no network upgrades expected.

➤ Campus is on track to begin 𝐞𝐧𝐞𝐫𝐠𝐢𝐳𝐚𝐭𝐢𝐨𝐧 from 𝟐𝟎𝟐𝟖.

➤ Site benefits from 𝐬𝐮𝐛𝐦𝐚𝐫𝐢𝐧𝐞 𝐟𝐢𝐛𝐞𝐫 links to Singapore, Indonesia, Japan, and South Korea.

➤ Project marks IREN’s first announced Australian data center and one of APAC’s largest.

➤ Expected to create 𝟓𝟎𝟎+ construction jobs and over 𝟐𝟎𝟎 ongoing skilled positions.

➤ Targets surging 𝐀𝐈 𝐜𝐨𝐦𝐩𝐮𝐭𝐞 demand across the Asia-Pacific region

[LatentValue @latent_value7]

FOCI (https://t.co/DWt0gQ2RsZ)
1) FAU to mini-MT with Himax WLO block
2) Mini-MT to ELSFP and MPO Harness

[peepeepoopoo @DeepDishEnjoyer]

honestly this video taught me more about markets than any benjamin graham book ever did

[Perry Lin @perry_lin1]

$WULF has guided 250-500 MW per year in leased critical IT delivery. I am expecting a bump in this guidance and they are trending closer to 750 MW per year with their development sites.

By end of this year, 522 total MW should be operational.

Here's what future years looks like:

2027
384 MW Justified Data
162-242 MW Lake Mariner
84 MW Abernathy JV Option

2028
400 MW Muskie Data
120 MW Lake Hawkeye

2029
500 MW Chesapeake Data
200 MW Lake Hawkeye Ph 2

2030
400 MW Muskie Data Ph 2

Now, this does not include any additional generation at LM, Hawkeye, or Justified and the team is not done adding more sites. Future looks bright.

[IREN @IREN_Ltd]

IREN has closed a $3.65bn investment-grade GPU financing facility to support the delivery of its AI Cloud contract with Microsoft. This represents the highest publicly rated investment‑grade GPU financing and the first in the U.S. private placement market.

@danroberts0101, Co-Founder and Co-CEO of IREN, said:

“Securing investment-grade financing on these terms reflects both the quality of our customer contracts and the fact that we own the data center infrastructure these GPUs run in. That combination broadens our access to institutional capital and lowers our cost of capital as we scale.”

Learn more: https://t.co/TYepQTBXSQ

[IREN @IREN_Ltd]

IREN is working with @nvidia to build NVIDIA DSX-aligned AI infrastructure across its global data center portfolio.

• Advancing the Sweetwater campus as part of IREN’s AI infrastructure buildout
• Adopting NVIDIA DSX OS technologies, including NVIDIA Infrastructure Controller and NVIDIA Fleet Intelligence
• Establishing a reference deployment of k0rdent AI with NVIDIA DSX OS and @MirantisIT
• Joining the NVIDIA DSX Sim ecosystem, including simulation with NVIDIA DSX Air

Learn more about NVIDIA DSX: https://t.co/punKoyEuZT

[Yield @Yield_of_Parth]

Bad timing I suppose. Position is small; not adding or selling until we get some additional clarity.

[Yield @Yield_of_Parth]

Nice summary of $INV. Been following since @MarkosAAIG flagged and started a position this past week.

[Pir🅰️nha Plant Capital @PiranhaCapital]

Because I’m not a loser, I mean “consultant”, and it actually matters whether I’m right or wrong, I do things like read SEC filings.

[Hyperliquid News @HyperliquidNews]

$HYPE just hit a new all-time high.

[LatentValue @latent_value7]

Wiwynn (https://t.co/RL4FksXGnb) at Computex essentially confirming the inner COUPE ecosystem is Foci (https://t.co/DWt0gQ2RsZ), Browave (https://t.co/o7UD3pqX0D), Corning (GLW). Wiwynn collaborative deployment with Ayar here

[Alexander @AlexfromBabylon]

$ASTS This will not be a fair fight and probably not in the way mainstream thinks.

[IREN @IREN_Ltd]

IREN has entered into a $1.6bn purchase agreement with Dell for air-cooled Blackwell systems to support its previously announced 5-year, $3.4bn managed services AI cloud contract.

The systems are expected to be deployed across existing data centers at Childress, Texas, with commissioning targeted for early 2027.

Upon commissioning, the AI cloud contract is expected to increase IREN's annualized run-rate revenue (ARR) from $3.7bn to $4.4bn.

@danroberts0101, Co-Founder and Co-CEO of IREN commented:

“Securing capacity and accelerating commissioning are our top priorities in a market where time-to-compute is everything. Hyperscalers, enterprises and developers choose IREN as a partner because we own and control the full stack - the physical infrastructure, the compute, and the operational capability to deploy at scale.

Our relationship with Dell ensures access to hardware at the scale and speed the market demands. Every deployment we complete makes the next one faster, and that compounding execution advantage is what we are building.”

Learn more: https://t.co/xcg2XFO5b2

[TeraWulf @TeraWulfInc]

Muskie is expected to support 👉
· 1+ GW long-term capacity
· 500 MW targeted by 2H 2028
· Additional 500 MW targeted by 2H 2030
· Redundant utility-scale transmission infrastructure
· Significant future expansion potential