j65

[j65 @jp_d5]

@AbdMuizAdeyemo How is this different than perplexity computer?

[Shanu Mathew @ShanuMathew93]

Microsoft to acquire ~3,200 acres in Cheyenne for datacenter expansion, adjacent to existing footprint operating since 2012. Power served under Black Hills Energy's Large Power Contract Service tariff, which requires MSFT to directly fund all infrastructure upgrades and generation capacity serving its load. Cooling uses direct evaporative design, water-dependent <10% of year, with newer designs eliminating ongoing water draw after initial fill.

[SemiAnalysis @SemiAnalysis_]

Long-term memory agreements have historically been the sign of the top.

Micron prints incredible earnings, stock sells off. Everyone rotates out.

But the prepayment terms and pricing floors this cycle look nothing like prior rounds. Our Core Research team breaks down why they're still bullish.

[Alex @Badpak]

SF-based l/s fund looking for an analyst with 2-4 years of experience who loves shorting. DM if interested

[Tyler @twils1211]

Did you miss some significant miner jumps or small caps rip? $btbt seems primed. I’m buying both $btbt and $corz for the next leg since they haven’t run yet.

[Charles Chong @charleschong_]

Reading arguments from both sides, Two Seas' argument against the $CRWV $CORZ merger seems more compelling.

Two Seas: https://t.co/3MLxw0ELvX

CRWV: https://t.co/t0AKJoBzeR

[𝒰𝓂𝒷𝒾𝓈𝒶𝓂 @Umbisam]

$CORZ $CRWV Most believe Core S. would crash ~10% as to align to ‘current’ CoreWeave share value x 0.1235, if deal/merge eventually approved. But that would assume CoreWeave not rerating if merge approved.

It will rerate, in fact, as CoreWeave would make a huge deal, a hugely discounted deal, while canceling $10B+ of financial liabilities and increasing equity & enterprise value.

No idea what would happen if merge not approved. My gut feeling is CORZ up or steady & CRWV down.

Your view, @penny_ether ?

[Alex @Badpak]

Two Seas's Core Scientific $CORZ Activist Deck:

[Kevin Mak @KevinLMak]

$CORZ

CoreWeave (NASDAQ:CRWV) CEO Michael Intrator said the Core Scientific (NASDAQ:CORZ) deal "represents the value for them," he said in an interview with Bloomberg TV on Tuesday.

This has some people spooked, and the arb spread (premium) for CORZ has fallen dramatically in the last 24 hours.

I'd caution that him saying that is largely expected, it doesn't make sense to increase the bid right now (wait until the last minute, and only do it if you have to do it).

As a comp, here's the Cenovus announcement that just happened this morning.

Cenovus Energy Inc. raised its takeover offer for MEG Energy Corp. on Wednesday in a proposal that values the company at about $8.6 billion, including assumed debt, up from its earlier offer valued at $7.9 billion.

Contrast with comments made on Sept 19th.

CALGARY, Sept 19 (Reuters) - The CEO of Canada's Cenovus Energy, pushed back on Friday against criticisms of his company's bid for rival oil sands producer MEG Energy, telling Reuters the offer is fair and final.

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Not saying that this is definitive either way, but mostly saying this is part of the game of negotiation and dealmaking. Maybe Intrator is serious, maybe not. Some seem to think that because he said it on TV, it's final- and I'm arguing there's relatively low signal coming from the statement.

My bet/guess is that when push comes to shove he'll provide a sweetener (if CRWV is below $160). Using option deltas, arguably there's a ~30% chance that CRWV is above $160 at vote time and this is all moot.

[zerohedge @zerohedge]

"We expect three consecutive 25bp cuts in September, October, and December, followed by two more cuts next year to 3-3.25%. A 50bp cut is also possible at an upcoming meeting if the labor market deteriorates more quickly" - Goldman

[j65 @jp_d5]

@Lauralaz852