Power Analysis

We watch a brutal sell-off slam Bitcoin, miners, and traditional assets at the same time, then zoom out to the cycle context and why profit-taking keeps you in the game. We also dig into why BitZero stays green, how major infrastructure financing is evolving for Hut 8 and Keel, and what these deals signal for AI data centers and HPC demand. • broad risk-off sell-off across Bitcoin, crypto equities, gold, and oil • Bitcoin below $60K, drawdowns, and the four-year cycle framing • why taking profits in volatile names creates optionality • miner heat map reality check and how Bitcoin can lag miners • BitZero momentum, IPO context, and why the Nasdaq uplist matters • BitZero data center footprint in North America and Scandinavia • Norway AI lease details, power scale, revenue potential, and margin targets • Hut 8 Beacon Point senior notes, non-recourse structure, and pass-through costs • Keel convertible raise, conversion terms, and funding a multi-site pipelineLet us know in the comment section below how you're feeling today!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin’s pullback puts pressure on miners, but the AI and HPC transition is starting to break the old link between mining stocks and BTC. We walk through HUT 8’s latest financing move and a CleanSpark AI valuation model to show how power, contracts, and capital structure can drive returns. • zooming out on Bitcoin’s cycle and what a 20% monthly drop means for miner earnings • ETF flows, macro stress, and why capital rotates between tech and crypto • why AI data centers and HPC contracts can decouple miners from Bitcoin price swings • reading the heat map, profit-taking logic, and how volatility changes positioning • quick updates on miners transitioning to HPC, including deal pipelines and timelines • HUT 8 leadership and why finance experience matters for scaling data centers • Beacon Point funding details and the practical “how do you pay for it” question • CleanSpark May production metrics, efficiency, HODL value vs market cap, and consistency • CleanSpark AI valuation assumptions: PUE, revenue per MW, EBITDA margin, capex per MW, EV/EBITDA multiple • sensitivity analysis and why per-100MW economics can move share price fast Let us know in the comment section below if you're currently holding shares in either CleanSpark or Hut 8 and your top pick currently in the sector!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We map the market’s shift from pure Bitcoin mining toward AI data centers and high performance computing, and we explain why many “crypto” stocks are rising even as Bitcoin drifts lower. We also break down fresh analyst price targets and use megawatt-based valuation logic to translate new HPC announcements into potential equity upside. • Bitcoin’s pullback, ETF flows, and why long-term conviction still matters • Capital rotation into AI infrastructure, memory, and upcoming mega IPOs • The decoupling between Bitcoin and HPC-tilted miners • Interview takeaways on forward strategy versus weak near-term mining earnings • Hive’s upgraded target and a sensitivity table using revenue per megawatt, EBITDA margins, capex, and multiples • Iren’s 800MW Australia transmission agreement and what it signals for APAC AI demand • Analyst upgrades for TeraWulf and Cipher plus Cipher’s plan to end mining • Bitdeer’s Alberta build with behind-the-fence natural gas and future AI flexibility Let us know in the comment section below if you're currently holding shares of Iron and what you thought about today's announcement. Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Chairman, Frank Holmes and CFO, Darcy Daubaras from Hive Digital Technologies right after fiscal year results and major HPC AI announcements. We dig into how Hive scales from Bitcoin mining to a dual-engine model and what it takes to build sovereign AI infrastructure in Canada while expanding in Paraguay.  • fiscal year execution highlights and hash rate growth to roughly 25 EH/s  • why Paraguay hydro power and mega sites drive efficiency  • lessons from heat, cooling fixes, and firmware upgrades at scale  • how land banking, power access, and community alignment shape site strategy  • BuzzHPC ramp plan from current run rate toward larger GPU clusters  • why contracts and tri-party agreements become the real bottleneck  • GPU economics shifting toward longer useful life and new funding sources  • what the Toronto-Waterloo Corridor means for sovereign AI compute  • inflation pressures in fiber, copper, racks, and supply-chain timelines  Let us know in the comment section below if you're currently holding shares of Hive and what you thought about this most recent round of earnings.  If you guys have any additional questions, comments, leave them in the section below, hit the like button, subscribe.  Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down DMG Blockchain Solutions’ newly signed LOI tied to the Christina Lake facility and why it changes the timeline for turning a Bitcoin mining site into an AI and HPC co-location business. We push on what still must happen next, from definitive agreements and SLAs to funding, construction, and redundancy planning. • what the LOI signals and what remains unresolved until the definitive agreement is signed • why DMG kept negotiations quiet, including management trading blackouts • how existing transformers, fiber and cooling shorten time to deploy AI equipment • capex expectations per megawatt and how DMG frames “market rate” pricing • phased build approach and how Bitcoin mining capacity steps down over time • local labour and contractor availability around Christina Lake’s industrial base • funding strategy focused on debt and the trade-offs of selling Bitcoin • why DMG stays guarded on pipeline disclosures and how Malahat could still fit • land, power expansion, and redundancy options including battery and gas backup • why uptime consistency matters more than cheapest power for AI tenants • planning for rapid GPU cycles and longer-term shifts like 800V DC data centers Let us know in the comment section below what you thought of this announcement and if you're currently holding shares of DMG!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Sam Tabar to unpack Bit Digital’s quarter, the impact of ETH mark-to-market accounting, and the plan to close the NAV gap through repeatable returns. We also dig into WhiteFiber’s NC1 ramp, what contracted backlog really means, and how the company funds rapid AI compute growth without defaulting to dilution.  • Bit Digital Q1 revenue drivers and why the net loss is non-cash ETH mark-to-market • ETH staking economics and the role of liquid staking for treasury flexibility • WhiteFiber NC1 construction status, phased commissioning, and timing to full revenue contribution • Remaining performance obligations as contracted future revenue and why it is not the ceiling • Contract margin clarity, delivery execution, and avoiding penalty scenarios • Montreal 3 retrofit, lease-to-own speed, and the strategic case for buying the asset • GPU cloud fleet sold out under term contracts and what triggers the next capacity build • Customer prepayments and equipment financing as a more capital-efficient growth model • $100M delayed draw term loan facility and how both Bit Digital and White Fiber benefit • Paris contract and the disciplined approach to European expansion driven by customer demand • Majority ownership strategy, potential float increase over time, and the AI plus Ethereum convergence Let us know in the comment section below if you're holding either one of these companies and what you think about their strategy moving forward!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track how AI infrastructure demand is pushing “miner” stocks higher even as Bitcoin pulls back, and we pressure-test whether this decoupling is real or just momentum. We dig into NVIDIA GTC ripple effects, DMG’s surprise 50MW AI LOI, Bitdeer’s production ramp, and IRIN’s record GPU financing to understand what actually drives long-term valuation. • Bitcoin price weakness versus rising HPC and AI infrastructure plays • Michael Saylor selling 32 Bitcoin as a market signal test • NVIDIA GTC shout outs and why preferred partner status matters • Neo clouds, capacity constraints, and why AI labs need more compute • Sector heat map performance and what re-rating catalysts look like • DMG Blockchain LOI for 50MW at Christina Lake and why power sites matter • Data center build cost per megawatt and labour inflation pressures • Valuation scenarios for co-location revenue per megawatt and EBITDA margins • Bitdeer weekly Bitcoin production, treasury approach, and SEAL miner expansion • IREN network architecture validation using a digital twin • IREN $3.65B GPU financing details and what cheap capital unlocks Let us know in the comment section below what you thought of today's headlines and last night's big speech!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down how AI infrastructure demand is reshaping valuations across Bitcoin miners, using Dell’s blowout quarter as a real-time signal that the data center build-out is accelerating. We then compare signed HPC deals across the sector and run a sensitivity model on what Keel could be worth if it lands multiple contracts while capex and labour costs rise. • Bitcoin’s short-term volatility and why miners still care even with HPC narratives • Dell’s earnings as a read-through for AI server demand, cash flow strength, and backlog • Why racks, networking, cabling, and deployment speed are the “glue” between GPUs and data centers • Sector heat map, options expiration noise, and the case for taking profits after big runs • BitFuFu’s earnings mix, cloud mining scale, and the slow path toward any HPC pivot • HUT 8 price target upgrades, Beacon Hill economics, and how re-rates happen before sites are finished • Deal-by-deal comparison of contracted compute megawatts versus market caps across key names • Keel’s three-site setup and a sensitivity analysis for revenues, EBITDA margin, capex per megawatt, and multiples • Labour and electrical labour inflation as a near-term bottleneck that can change project economics Let us know in the comment section below how the portfolio is looking, your top pick in the sector currently, and if you've been taking any profits over the course of the week!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with BitFuFu VP of Investor Relations Charley Brady right after Q1 earnings to separate the real operating story from the accounting noise. We dig into why cloud mining is becoming the core revenue engine, how hash rate allocation decisions get made, and what investors should watch as costs rebalance through 2026. • Q1 revenue performance and why cloud mining drives the mix • How BitFuFu shifts hash rate between cloud mining and self-mining for return • Fair value Bitcoin accounting, mark-to-market impacts, and what to watch in the EBITDA bridge • Customer retention, churn, and why institutional demand behaves differently than retail • Where growth is coming from, including Africa and Asia, plus why the US market is not active yet • Ethiopia facility disruption, fleet monitoring, and efficiency gains from upgrading miners • ASIC pricing dynamics for S19s and S21s, used machine supply, and the next 18 months of hardware cycles • Data centre footprint, leased capacity, and the cautious approach to HPC AI and GPU infrastructure Let us know in the comment section below if you're currently holding shares of BitFuFu and what you thought about this round of earnings!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We step back from day to day Bitcoin noise and focus on why AI infrastructure and HPC data center deals are driving real rerates across former miners. We break down fresh price targets, what the market is already pricing in, and how a single large contract can reshape valuation math for names like Riot, Bit Digital, DMG and Iren. • Bitcoin weakness alongside relative strength in AI infrastructure stocks • Why funding and revenue momentum from companies like Anthropic matter to data center builders • How contract announcements change multiples and investor expectations • Reading recent rallies, profit taking and 52 week positioning across the sector • DMG’s HPC site progress and management’s deal timeline comments • Bit Digital and WhiteFiber facility details plus the “triple compounding” ETH strategy • Riot Platforms Corsicana sensitivity analysis using revenue per megawatt, margins, CapEx and multiples • How much Corsicana upside may already be priced into Riot shares • Iren’s upgraded price target and the question of what the unpriced pipeline could mean Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join. Pop over to the website poweranalysis.io. You can also sign up for the newsletter, comes out every Friday free, and let us know your thoughts in the comment section below!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with DMG Blockchain Solutions CEO Sheldon Bennett and COO Stephen Eliscu right after Q2 earnings to unpack how they keep mining costs competitive while Bitcoin prices stay uncomfortable. We also dig into their 2026 push to convert Christina Lake into an AI and HPC data center platform, plus what the Malahat partnership could unlock for sovereign AI in Canada. • Q2 operational takeaways in a tough mining market • Lower cost to mine Bitcoin driven by power pricing and efficiency • Fleet strategy including tweaks to legacy miners and steady J/TH guidance • Malahat partnership status, site options, and why Indigenous land rules differ • Hybrid compute approach including AI plus storage and disaster recovery • Why low-cost Canadian power could attract neo-clouds and hyperscalers • Christina Lake buildout math from substation expansion to synthetic firm power • On-site gas generation as redundancy for AI uptime requirements • First-build options from existing buildings to modular and purpose-built designs • Boardman Oregon due diligence issues and why the US footprint matters • Thoughts on a TSX uplist and a future Nasdaq path • Sovereign AI demand drivers in Canada and what governments may require • Hiring plans for electrical, fiber, and data center development talent Let us know in the comments section below if you're currently holding shares of DMG and what you thought about this most recent round of earnings!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We watch Bitcoin stall while AI infrastructure names rally, and we explain why many “miners” are now getting valued like HPC data center businesses. We also break down the biggest headlines from Iron and DMG, then connect the dots on what bottlenecks and speed to power mean for returns. • miners decoupling from Bitcoin as HPC AI infrastructure narratives take over • Micron as a reminder that supply-demand bottlenecks can drive extreme re-ratings • leaderboard recap and why we keep taking profits while staying in the thesis • upcoming earnings and interviews plus what we want to learn from management teams • DMG Q2 results breakdown plus Christina Lake and Malahat power upgrade strategy • Soluna AMAs and how retail communication can become a real advantage • Iren’s Dell Blackwell agreement and the execution bar for CSP-style deployments • why HPC is a long-duration build with different costs and margins than mining Let us know in the comment section below if you're currently making any trades and your top pick in the space at the moment!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We watch AI infrastructure and ex-Bitcoin miner stocks rip higher while Bitcoin itself plays a smaller role in the price action. We connect the dots between megawatts, index inclusion, and real execution updates from Core Scientific and TeraWulf. • Bitcoin mining sensitivity fading as power shifts toward HPC and AI hosting • Old watchlist prices versus today’s re-rate across major public names • Heat map read of sector breadth and why Soluna stands out • Russell 3000 inclusion as a catalyst for persistent index buying • Core Scientific board appointment and what it signals for data center execution • TeraWulf’s Kentucky gigawatt development plan and the long lead time reality • Lake Mariner progress and the Schneider Electric infrastructure announcement • Trade discipline and taking profits during fast sector rallies Take a second, smash a like button, guys. 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 the sector in general and your top pick in the space. If you guys want any behind the scenes looks at our trades, at our portfolios, make sure you sign up for the members only power play!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the market setup for bitcoin and crypto equities, then zoom in on the financial engineering and treasury tactics that can quietly boost value per share. We also map the latest HPC AI data center deals and explain why power, permits and signed contracts are driving the next re-rating across miners. • bitcoin price recovery and what we watch in macro headlines • Strategy repurchasing 0% convertible notes at a discount and why that reduces dilution • SATA moving to a daily dividend and how that may smooth buying activity • market heat map takeaways and why Canadian trading can hint at the US open • bitcoin HODL versus market cap ratios and why that metric is changing • WhiteFiber five-year $160M Paris GPU deal and how to think about $ per megawatt • analyst hint of a potential 100MW site and what questions to ask next • Keel’s confidence in landing multiple leases and the practical constraints of buildouts • Soluna’s large-site roadmap, financing mechanics and why phased delivery matters • Hive’s sovereign data angle and the global spread of AI infrastructure demand • Riot’s Corsicana approach and the upside math if a large tenant lands quickly Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Ayden Kilic, CEO of Hive Digital Technologies, to break down the 320 megawatt gigafactory announcement and why it could reshape Hive’s path in AI infrastructure. We dig into the revenue math, the financing approach, and why long term contracts matter as much as the GPUs themselves. • what a 320MW “gigafactory” means in practical GPU terms • why this is positioned as a major Canadian HPC and sovereign AI build • how a conservative colocation case maps to ARR and total contract value • the capex reality of building tier three data centers and filling them with GPUs • the near term plan to scale GPU cloud ARR and what needs to line up • why the market rewards 3-year and 5-year contracts over residual value stories • CSP versus colocation optionality when you own and operate the facilities • how a zero coupon convertible and capped call can reduce dilution Let us know in the comment section below if you're currently holding shares of Hive and what you thought about these recent announcements!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

AI infrastructure looks less like a hype cycle when GPU rental rates rise, enterprise AI demand turns into profits, and long term data center contracts stack up across the sector. We connect NVIDIA earnings, neo cloud pricing moves, and the miner to HPC pivot to answer one question honestly: where are the real bubble signals, if any? • HPC AI sector update and why we’re not seeing classic bubble signs • Bitcoin correlation fading as miners reposition toward AI infrastructure • Heat map read on who has contracts and who is still waiting • Keel napkin math on megawatts, compute, NOI and potential rerate • Nebius rate increase and what higher GPU pricing implies for new deals • The lock-in versus wait dilemma for CSP and colocation contracts • Anthropic revenue growth, profitability expectations and enterprise adoption • Power as the bottleneck and why existing energy access matters • SpaceX capacity payments and what they signal about scarcity pricing • Applied Digital contracted capacity milestones and long dated take or pay leases • NVIDIA data center growth, margins, guidance, buybacks and dividends as demand proof Let us know in the comments section below how you’re feeling about the AI space as a whole and your top pick currently!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track Bitcoin’s sideways action, then follow the real story: miners and AI infrastructure names getting repriced as power, sites, and contracts start to matter more than day-to-day volatility. We break down deal math by megawatt, compare renting versus owning power, and ask what risks hide inside long GPU contracts. • Bitcoin range action and why we focus on the longer view • Corporate and ETF buying as steady demand for supply • Hive momentum and why execution drives rerates • Riot valuation framework using megawatts, NOI and multiples • Nebius and Bloom Energy deal structure and $ per MW takeaway • Soluna vertical integration at Dorothy plus balance sheet cleanup • CleanSpark hiring to build capital markets and M&A capacity • Hut 8 community investment as a permitting and trust strategy • Terawulf build progress and the open question of GPU refresh costs Let us know in the comment section below if you're holding any of these stocks and your top pick in the space currently!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track how Bitcoin miners are evolving into AI and HPC infrastructure companies as conferences, GPU markets, and corporate announcements all point to the same demand wave. We connect the dots across Strategy’s Bitcoin accumulation, shifting miner economics, and a growing pipeline of multi year data center contracts. • takeaways from the AIM Summit in London and why AI dominates the room • why miners keep exploring HPC for predictable long term revenue • Strategy’s latest Bitcoin buying pace and the path toward one million BTC • the claim that Bitcoin ownership in the US now outpaces gold • GPU spot pricing jump and why older GPUs can price above newer ones • how longer GPU lifespans change payback periods and data center economics • mining stock performance, correlation to Bitcoin, and Core Scientific buildout updates • ABTC’s Bitcoin treasury growth, fleet efficiency, and “mine cheaper than buy” approach • the reality of cheap ASIC pricing versus rising public company overhead • Hive and BuzzHPC’s 320MW sovereign AI infrastructure plan near Toronto • MARA’s Long Ridge Energy financing milestone and what it adds to the platform • Soluna’s timeline signals and why 2027 is becoming the target year • IREN’s acquisition of Awaken and the importance of brand as the AI push scales Let us know in the comments section below what did you think on today's headlines? Also, let us know if you want to see an IREN podcast!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We talk with Saluna Holdings CEO John Belizaire and new CFO Michael Picchi right after Q1 earnings about how the company plans to scale from Bitcoin hosting into AI and HPC data centers through 2026 and beyond. We break down what vertical integration really means when you own the wind farm, the grid connection, and the site roadmap to get from design to an energized AI campus. • Q1 highlights including revenue growth, megawatts under management, and the shift toward hosting revenue • Why Bitcoin hosting demand persists and how it funds AI pre-development work • Briscoe Wind Farm acquisition and what vertical integration adds beyond a low power rate • How Soluna “stacks” revenue across hosting, demand response, and power sales during curtailment • KATI 2 phase-one plan including schematic design, detailed design, customer proposals, and lease negotiations • Future-proofing AI data centers for heavier GPUs and changing chip generations • Capital formation realities for billion-dollar builds including debt vs equity expectations • Key bottlenecks ahead including MEP supply constraints, labor availability, and worker housing • Community engagement playbook and addressing water concerns with closed-loop cooling design • Dorothy 3 sequencing and applying KATI 2 learnings across the pipeline Let us know in the comment section below what you thought of Soluna results and if you're currently holding shares!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin chops under $80K while miners sell off, but we stay focused on the bigger trend and the forces quietly tightening supply. We unpack the regulation tailwinds, the earnings details behind Bit Digital’s pivot, and why IREN’s new financing could reshape the HPC buildout race.• Bitcoin’s weekly range and why we keep buying through volatility• Clarity Act progress and why regulatory clarity matters for Bitcoin and Ethereum• Why “crypto crime” talking points ignore on-chain traceability and cash realities• Saylor’s 15,466 BTC week and what that means versus new supply• Miner stock drawdowns and how Friday options flows can amplify moves• Bit Digital’s strategic asset shift toward Ethereum staking and WhiteFiber HPC growth• Revenue run-rate expectations and the coming impact of new co-location capacity• IREN’s $3B convertible notes terms plus cap call dilution protection• What that capital could fund for GPUs, data centers, and a Sweetwater-scale buildout• Why some CEOs give firm deal timelines while others stay noncommittalLet us know in the comment section below how you're feeling going into next week and your top pick currently in the portfolio!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin rebounds above $80,000 as institutional access expands and Washington edges toward clearer crypto rules. We break down miner results from BitDeer and WhiteFiber, plus BitFuFu’s production headwinds, to see how the Bitcoin mining sector is turning into an AI HPC and data center story. • Bitcoin’s move back into the $80K range, key catalysts behind the rally • Charles Schwab rolling out spot crypto access, what large AUM platforms change for adoption • Clarity Act progress, why regulation can unlock broader participation • Strategy’s rapid Bitcoin accumulation, what it implies about supply versus demand • Strive’s competing yield product, the push toward daily dividend structures • Heat map check-in across miners, reflections on recent management interviews • BitFuFu April operational report, outage impacts and contract decisions, continued HODL growth • Bitdeer Q1 earnings, revenue surge, expanding AI cloud ARR, power portfolio optionality, SEAL miner efficiency gains • WhiteFiber Q1 earnings, co-location growth, NC1 timeline, Hyperbolic agreement, supply chain constraints for data centers • Why HPC revenue depends on delivery, margin expectations versus reality, questions we keep pressing in interviews Let us know in the comments section below if you're currently holding shares of either Bitdeer or WhiteFiber and what you thought of their results. Sign up for the weekly newsletter at poweranalysis.ioAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Ben Gagnon, CEO of Keel Infrastructure, to unpack Q1 execution, the rebrand, and what it takes to turn power-rich sites into real HPC and AI data center leases. We break down the specific milestones we’re watching, why location and inference could reshape demand, and how financing and SLAs determine who actually gets projects built. • Keel’s execution track record across rebrand, restructuring, and major M&A integration • Why the infrastructure gap between Bitcoin mining and HPC AI data centers is bigger than most investors assume • The key metrics we track through the year: permits, lease execution, and secured megawatts • Why location becomes a moat again as inference demand grows • What could derail three leases by year end and how zoning, development, and environmental permits differ • How materiality and disclosure rules work once a binding agreement is signed • Why Pennsylvania is attracting large-scale AI data center announcements and what that signals for the market • Community engagement as a competitive advantage amid project cancellations and delays • How pricing could shift toward paying more for faster delivery and higher certainty • Enterprise AI demand and why “token value” differs for hyperscalers vs enterprises • SLAs, grace periods, and what drives margins down in real-world contracts • Financing confidence, credit market appetite, and why Keel says it doesn’t need to issue equity now Let us know in the comments section below what you thought of the earnings call from Kiel and if you're currently holding shares!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We step through the latest earnings from major Bitcoin miners and AI infrastructure names, then use the actual financial statements to explain why so many teams are pivoting toward high performance computing. We connect contracts, megawatts, margins, stock based pay, and balance sheet strength to the share price rerates the market is handing out. • Bitcoin price volatility and the sector’s mixed daily tape • Why many earnings calls gloss over the “earnings” lines • How to read the income statement for miners and HPC builders • What adjusted EBITDA excludes and why it can mislead • ABTC’s Bitcoin accumulation strategy and Satoshis per share focus • CleanSpark’s development pipeline and late stage AI pivot • Total revenue comparisons and why low revenue can still re-rate • Cipher’s contracted revenue inflection and the appeal of predictability • Core Scientific’s CoreWeave deal and gigawatt expansion optionality • Net losses driven by depreciation and fair value Bitcoin write downs • Hut 8’s long duration contract economics and pipeline upside • IREN’s contracted ARR curve and vertical build approach • Keel’s execution roadmap and market anticipation before deals • MARA’s “digital infrastructure triad” and power asset strategy • Stock based compensation as a percentage of revenue and alignment • Riot’s Corsicana campus design and co-location potential • TeraWulf’s repeatable finance-and-build playbook • Retained earnings as the blunt proof of mining’s difficulty • Balance sheet checks: current ratio, net assets, leverage • Nebius Q1 surge, capex pace, margin improvement, and new PJM land Let us know in the comments section below how you're feeling about the sector in general and your top pick in the space if you're listening on any of the audio podcast platforms, make sure you guys give us a follow and a five-star rating!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sort through a brutal red day and explain how to survive Bitcoin miner volatility by zooming out, doing the work, and setting sell targets you can actually follow. Then we break down the latest updates from Bitdeer, Mara, CleanSpark, and IREN, showing how AI HPC deals and power capacity are starting to drive valuations more than pure mining growth. • How we think about daily volatility in Bitcoin and miner equities • Why disciplined price targets beat reactive trading • Strategy’s rapid Bitcoin accumulation and what it signals • The market re-rate effect when miners sign AI data center deals • BitDeer’s April update: hash rate growth, fleet efficiency and a $69M AI ARR run rate • Mara earnings highlights: power assets, Starwood JV structure, mining as load balancing, HODL changes • CleanSpark earnings highlights: Texas power expansion, balance sheet notes and “lead prospective tenant” language • IREN’s upsized convertible note, capped call protection and why the NVIDIA partnership matters • Why we built poweranalysis.io to track public AI deals and metrics • Riot CEO planned share sale and how we interpret insider selling Let us know in the comment section below what you thought of earnings from Mara and CleanSpark and if you're currently holding shares of any of the companies discussed!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the fast-moving shift from Bitcoin mining to AI infrastructure, where power capacity and signed leases drive the biggest valuation changes. We break down Keel’s earnings narrative, Iron’s financing move, and the key signals we watch to separate real deal momentum from noisy price action. • Bitcoin’s recent price action, volatility, and why fundamentals still matter • Strategy’s latest Bitcoin purchases, Stretch mechanics, and dividend obligations • The Clarity Act odds, why regulation can unlock sidelined capital, and what that could mean for sentiment • Miner stock re-rates as the market prices AI and HPC revenue at higher multiples • WhiteFiber’s big move, Bit Digital’s dual exposure, and the discount-to-NAV debate • BitZero’s Norway lease headline and why a Nasdaq uplist can change liquidity and attention • DMG’s April production update and how 65MW can still be meaningful in AI deal math • DigiPower’s Cerebrus-linked contract economics and what improved $ per MW implies for peers • Keel Infrastructure’s rebrand, permitting progress, $533m war chest, and the “three leases by year end” target • IREN’s $2bn convertible, buildout funding logic, and why power scale can keep them out front Let us know in the comment section below what you thought of KEEL earnings and this move by IREN. Make sure you go over to poweranalysis.io and sign up for the newsletter!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track how Bitcoin holding above $80K sets the baseline, then zoom out to the real story: public miners racing to turn power into contracted AI and HPC data center revenue. We break down the biggest earnings-week moves from TerraWulf and Iron, plus Hive’s infrastructure upgrades, to show why the market is re-rating “power and GPUs” faster than “hashrate and hodl.”• Bitcoin range context and why it still anchors miner cash flows• Earnings-week volatility, profit taking, and how to think about position sizing• Heat map momentum across the AI infrastructure basket, including BitZero and Soluna• Hive TSX uplisting impact on liquidity and investor access• Hive ATM usage, timing discipline, and what it signals about growth strategy• Fiber buildout and why latency matters for Tier 3 AI data centers• Why quarterly miner numbers can look weak, including balance sheet and fair value effects• TeraWulf Q1 delivery, guidance reaffirmation, and the mix shift toward HPC lease revenue• TeraWulf funding capacity, site pipeline expansion, and expectations for the next contract• IREN’s rapid sequence of updates: Sweetwater energization, Mirantis, NVIDIA alignment, GPU deployment• NVIDIA option structure and what strategic alignment can mean for valuation• IREN’s Spain expansion and the strategic value of a global power pipeline• Wall Street price targets, why some lag the tape, and how HPC multiples differ from mining• Updated HPC deal tracker on our website and why apples-to-apples comparisons mattertake a second, smash a like button, guys. If you want to see our personal trades, check out the PowerPlay!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Matt Prusek to break down ABTC’s Q1 performance and the mechanics behind growing a Bitcoin treasury through volatility. We dig into fleet growth, cost per coin, and why the company stays committed to stacking sats while many miners pivot toward AI. • Q1 production record and what 817 mined BTC signals • Growing the strategic Bitcoin reserve past 7,000 BTC and why satoshis per share is the North Star • How the Bitmain Bitcoin pledge structure works and why it behaves like an option • Keeping SG&A lean through co-location with Hut 8 and managed services agreements • Funding operations with an ATM while avoiding Bitcoin sales • Fleet scale, efficiency targets, and preparing for difficulty shifts and the next halving • Energy strategy, operational tweaks, and sustaining a lower cost per Bitcoin mined • Industry landscape where competitors shut off fleets and mining share can rise • Balancing aggressive accumulation against dilution with accretive decision-making • Regulatory outlook around the Clarity Act and what institutional comfort could change • Concentration risk with Hut 8 and why governance structure matters • Asset-light focus versus owning power assets and staying “pure” to Bitcoin accumulation • How new ASIC efficiency and secondary markets could shape the next 12 to 18 months Let us know in the comments section below if you're currently holding shares of ABTC and what you thought about their most recent round of results. If you guys have any additional questions, drop them below!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the biggest AI infrastructure and Bitcoin mining developments from a volatile week, from a potential crypto market structure catalyst to miners repositioning around power control and hosting. We also break down ABTC and Core Scientific earnings and explain what the numbers say about margins, uptime, and the reality of delivering HPC at scale. • Bitcoin hovering above $80,000 and what volatility signals • Clarity Act updates and why a July deadline matters • Profit taking discipline after fast miner rallies • BitZero megawatt economics and the Nasdaq uplisting impact • MARA’s Long Ridge Energy financing and the shift to vertical integration • Behind-the-meter power as a competitive moat for AI data centers • Soluna’s hosting growth plus progress on two 300+ MW AI and HPC projects • ABTC’s low cost to mine Bitcoin and rapid Bitcoin treasury build • Core Scientific’s co-location revenue growth and multi-gigawatt expansion plans • Why margins may compress versus headline targets and why uptime is everything Check out the power play session we just put out today!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down why Bitcoin mining stocks are ripping even while Bitcoin is relatively steady, and why the market is rewarding power assets and signed AI data center contracts. We compare AMD’s AI-driven data center performance to what miners are promising, then pressure-test the margin claims, delivery risks, and what really drives the re-rate. • Bitcoin price context and why the sector still rallies • AMD earnings as a read-through for AI data center demand • power scarcity as the bottleneck for HPC and AI infrastructure • why 75% to 100% margin claims need a reality check • penalties, delays, and construction risk in data center delivery • the HPC-driven re-rate across miner equities and 52-week highs • CleanSpark production update, efficiency, and Bitcoin selling strategy • Core Scientific scaling Muskogee and expanding leasable gigawatts • HUT 8’s 15-year contract details and what it implies for valuation • Riot’s nuclear MOU and what it could mean for future capacity • how to think about earnings week when guidance matters more than trailing numbers Let us know in the comment section below, you guys, what is your top pick in the space? What are you expecting tonight from Core Scientific tonight, from IREN on Thursday, from WULF on Friday, and your top pick in the space currently? Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a wild day across Bitcoin and AI infrastructure stocks as earnings, new leases, and M&A reset what “Bitcoin mining” even means. We break down why the market is re-rating companies with HPC contracts and how power, build execution, and financing levers are becoming the real edge. • bitcoin price move and why it matters for miners • heat map read-through and why “deals” drive green days • Bitzero’s 110MW Norway GPU lease and what the numbers imply • Applied Digital spinning out Chronoscale to separate business models • Cipher earnings highlights across Barber Lake, Black Pearl, and Stingray • how PUE changes gross power into net compute economics • Odessa mining timeline as a bridge to full HPC focus • the $200M revolving credit facility and why it changes funding options • Riot’s re-rate thesis, Corsicana design changes, and single-tenant strategy • AMD deal expansion economics, escalators, capex per MW, and margin targets • Mara’s Long Ridge acquisition and why vertical power ownership matters • IREN buying Morantis to move toward a full stack AI cloud operator Take a second, smash a like button, guys. Big help to myself and the channel. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below which of these companies you're currently holding and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin ripping higher sets the tone, then we pivot into the real question our community keeps debating: Iron or Nebius as the cleaner AI infrastructure and HPC bet. We compare market caps, revenue ramps, hyperscaler contracts, power portfolios, and the make-or-break factor of execution as earnings approach for both companies. • Bitcoin strength and why miners still care • Clarity Act updates and what still has to clear • Treasury buyers and how “HODL” plays into miner valuations • Earnings calendar expectations across the mining and HPC names we track • Applied Digital bridge facility and what it signals for AI data center financing • HUT 8 refinancing and why lower rates matter • Iren’s Sweetwater One energization as a key milestone • Iren team build-out and capital markets hires • Iren vs Nebius fundamentals through market cap and revenue trends • Nebius business model and why vertical integration changes unit economics • Microsoft and Meta contracts and what contract size implies • Why delivery risk and uptime requirements can make or break returns Let us know in the comment section below which of these two companies, IREN vs. NBIS, you prefer and why!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down Riot Platforms’ Q1 results by focusing on what matters most: execution on the AMD data center lease, the roadmap for Corsicana, and how we think the company shifts from Bitcoin mining to AI and HPC infrastructure. Jason Les explains why delivery speed, supply chain control, and disciplined financing are the real catalysts behind any valuation re rating.• AMD lease progress and what the expansion option signals • How data center revenue ramps from tenant fit out to recurring lease income • Why SLAs and non performance penalties make operations a moat • Mining performance update and how cooling choices affect maintenance trade offs • Riot’s strategy to use Bitcoin mining to secure and monetize power until conversion • ESS Metron and why switchgear lead times change the game • Corsicana design flexibility, PUE assumptions, and what 756 MW really means • Substation expansion status and securing transformer capacity • Site advantage near Dallas and Austin plus fiber and workforce access • Team buildout, land control milestones, and hiring hyperscaler experienced leaders • Funding the buildout with balance sheet strength, project finance, and methodical BTC sales Take a second, smash a 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 what you thought of the results and your outlook for Riot as we move into Q2!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down the biggest Vegas headlines, from Tether’s proposed Bitcoin mega merger to hyperscaler CapEx that is reshaping the race for land, power, and permits. We also dig into why Keel’s zoning approval and Mara’s Long Ridge power plant acquisition could change the economics of mining and the transition into HPC AI. • Tether backed consolidation idea and what an integrated Bitcoin platform could look like • Elektron’s scale as a private miner and why all in cost matters more than buzzwords • Hyperscaler CapEx surge and the practical bottlenecks for new data center supply • Bitcoin’s strong month and why we keep telling people to zoom out • Keel’s Pennsylvania expansion approval plus the real permitting steps and constraints • Vera Rubin GPU plans and how location and latency can change pricing power • Mara’s $1.5B Long Ridge deal and the significance of 505 MW with 600 MW compute potential • Analyst price targets versus long dated optionality if a major AI client signs • Soluna’s rally, Mike Alfred’s buy, and how social reach can accelerate attention Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We recap day two from Bitcoin Conference Las Vegas and the biggest conversations we have on the floor, from networking with familiar names to spotting how fast the space is changing. We also connect the dots between Bitcoin volatility and the AI infrastructure buildout, including major data center updates from BitZero, Soluna, Galaxy and Hut 8. • Highlights from the BitGo area and the Satoshi Action Party • What we notice on the conference floor including media interviews and key personalities • Bitcoin pulling back during conference week and why long-term framing still matters • AI and HPC stocks selling off despite CEOs flagging GPU capacity constraints • BitZero’s Finland and Norway engineering and energisation roadmap • Why community support can make or break data center projects • Soluna’s hosted mining growth plus behind-the-meter wind farm optionality • Galaxy Digital moving capacity from Helios and broader data center execution signals • Hut 8’s Riverbend campus project financing details and what it implies for digital infrastructure Take a second, smash the like button, guys. Big help to myself and the channel. If you're not already subscribed, McNallie Money, feel free to join.!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We’re on the ground in Las Vegas for the Bitcoin conference and we open with a real-time read on Bitcoin’s pullback from the high 70,000s and what that volatility means for positioning. Then we zoom out to the bigger shift in crypto equities as miners lean harder into power, hosting, and HPC AI deals ahead of a packed earnings calendar. • Bitcoin’s dip during conference week and why the market still looks constructive • Strategy’s latest Bitcoin buy and what weekly supply math implies • What we see on the conference floor and why face-to-face miner access matters • Hive’s operational strength and the push to scale HPC AI revenue • Miner heat map takeaways plus why TerraWulf stands out • Core Scientific’s Texas expansion and what 1.5GW development really costs • Why contract execution risk and penalties may show up in earnings • Cipher’s site pipeline including Black Pearl and the Stingray chatter • Iren’s Microsoft-driven buildout plus how cheap capital changes the game • Riot’s AMD deal at Rockdale and what we want to hear on the earnings call Smash the like button, subscribe to McNallie Money, and let us know in the comments how you’re feeling about the market and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We walk through another green day for AI infrastructure stocks and the Bitcoin miner names making the clearest shift into HPC data centers. We break down a major Applied Digital hyperscaler lease, debate real-world megawatt pricing, and track how financing and permits can re-rate these stocks fast. • Bitcoin holding above $78K and what the heat map shows • IREN pullback as a potential buy zone and what to watch in results • How an ATM raise can fund data center expansion at Sweetwater • Applied Digital 15-year AI colocation lease and $/MW math • Core Scientific secured senior notes at 7.75% and why the rate matters • Keel Infrastructure permitting momentum at Panther Creek and Cantor upgrade • Cipher earnings date and what we want to hear on the next tenant • Power Analysis website features for tracking miners and AI data center contracts Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join. Let us know in the comment section below how you're feeling about the portfolio and your current top pick in the space. Make sure you guys let us know if you're gonna be in town. We'd love to meet up!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin pushes back toward the high-$70Ks and the mining stocks snap higher with it, setting up a fresh look at what efficiency and power cost really mean after the halving. We break down ABTC’s fleet upgrade math, then zoom out to why Hive and Keel are treating AI and HPC data centers as the long-game. • Bitcoin’s daily move and why miners react faster than BTC • How 24/7 trading and macro headlines shape risk appetite • Why power becomes the real product as miners add HPC • ABTC’s hash rate jump and elite joules-per-terahash efficiency • Simple profitability math using hash rate, power draw, and energy cost • Hive’s 0% coupon note and why it matters for AI buildout • Hive’s GPU roots and the push toward larger annualised HPC revenue • Keel’s Paraguay sale repriced by mining economics and difficulty • US focus, permitting steps, and why Panther Creek keeps coming up • How funding follows signed clients in data center deals Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below how the portfolio is looking today and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down why Bitcoin miners pivoting to AI and HPC are getting re-rated so quickly and why signed contracts matter more than narratives. We compare Soluna’s rapid momentum with Core Scientific’s scaled buildout, then walk through the valuation and balance sheet metrics we use to keep ourselves honest.• Bitcoin holding around the $75k range and why miner stocks still swing hard • Two clear groups forming: miners with executed AI/HPC deals versus miners still waiting • Soluna as a “no contract yet” example driven by hosting growth and visible project timelines • Core Scientific’s $3.3B secured note and what it signals about future co-location capacity • How analysts build price targets using EV/EBITDA, price-to-sales, DCF, and sum-of-the-parts • Why Bitcoin mining can command 2–3x multiples while AI data center revenue can command 15–25x+ • Execution risk as the key caveat behind forward revenue models • Debt-to-capital ratio and why higher leverage can mean higher buildout ambition • Book value and NAV per dollar invested as useful inputs that can still mislead • Cash and cash equivalents versus enterprise value and why “cash rich” is not the whole story Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down Strategy’s massive Bitcoin buy that vaults it past BlackRock’s iBit and dig into what relentless corporate demand does to real-world supply. We also map the Clarity Act timeline and pivot to AI infrastructure plays, miner economics, and the valuation metrics that can make or break Q1 earnings reactions. • Strategy adds 34,164 Bitcoin in a week and pushes total holdings past 815,000 • Strategy surpasses BlackRock iBit and reshapes the corporate holder leaderboard • Miners trend toward selling production and sometimes treasury holdings • Supply math versus demand, with Strategy buying multiples of daily issuance • Strategy MNAV premium and why premiums compress or expand • Clarity Act next steps, Senate timing, and why the next 4 to 6 weeks matter • Bitcoin’s post-crisis performance compared with gold and equities • Wall Street price targets from major firms and prominent Bitcoin voices • Soluna’s momentum, acquisitions, and hosting-led business model • HPC and AI pivots across miners and who can raise capital fast • Bit Digital’s Ethereum treasury exposure and net asset value discount • Q1 earnings catalysts, contract updates, and FASB-driven balance-sheet swings • Bitdeer’s SEAL miner efficiency gains and the case for mining plus HPC Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin rips back toward $78,000 and the miners and HPC AI names surge with it, pushing us to ask whether the bear phase is finally breaking. We dig into the data behind the move, from ETF inflows and corporate treasuries to mining profitability and the shift toward AI compute revenue. • bitcoin price momentum and what a weekend hold would signal • shifting tone from large technical accounts and why cycle lows matter • Michael Saylor and Strategy turning profitable on average cost • altcoin strength alongside bitcoin and what broader participation suggests • public companies adding bitcoin to treasury and how the top-100 bar is rising • spot bitcoin ETF demand led by BlackRock and what inflows imply • miners rebounding as bitcoin rises and difficulty eases • HPC and AI data centre revenue mix expanding across miners • hodl percent of market cap table and why Bit Digital stands out • BitFuFu hosted mining launch and S21 XP unit economics • Hive’s upsized private offering and why capital access matters • Riot Q1 setup and early AMD revenue expectations Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We dig into Soluna’s strategy at the crossroads of wind power, Bitcoin hosting and the shift toward AI and HPC data centers as the company heads into 2026. We break down the Briscoe wind farm deal, the Dorothy site buildout, and the capital plan behind turning a 4.3GW pipeline into real revenue.• Soluna’s communication style, CEO AMAs and frequent updates • Business model overview across renewable energy, Bitcoin mining, hosting and AI compute • Why hosting can stay profitable across Bitcoin cycles • Power pricing and why low cents per kWh changes everything • KATI 2 and the JV approach to AI data center development • Briscoe wind farm acquisition and vertical integration benefits • Dorothy 1A buyout and why full site control matters • Capital formation realities for billion-dollar-scale AI campuses Let Us Know In The Comment Section Below If You’re Currently Holding Shares Of Soluna And What You Think About Their Strategy In 2026!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We walk through a market pullback, Bitcoin holding near $74K, and why mining stocks can swing even when BTC barely moves. We also track the industry’s rapid pivot toward AI data centers and HPC revenue, using fresh updates from TeraWulf, BitDeer, and Riot. • Bitcoin price momentum near $74K and what a small pullback signals • Strategy’s accelerating Bitcoin treasury accumulation and the race toward one million BTC • Why hosted mining and cloud hash rate models change miner sensitivity to BTC price • Community engagement by miners and the backlash against AI data centers in Missouri • Mining stock performance heat map and the shift from pure mining to HPC monetisation • The capital requirements of HPC buildouts including PUE and per-megawatt cost math • TeraWulf’s $900M offering, credit facility, liquidity position, and Q1 2026 guidance • BitDeer’s March production, BTC sales strategy, contracted power capacity, and AI cloud ARR jump • Riot executive departure details from SEC filings and how to frame key-person risk take a second, smash a like button, guys If you’re not already subscribed, McNallie Money, feel free to join if you want some more detail on those HPC deals, Riot being one of them, available on the website along with deal breakdown and analysis!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin breaks above $75,000 and the miners finally catch a bid, turning a red tape week into deep green days. We lay out the catalysts we are watching and the data that shapes our top picks across Bitcoin, ETFs, and mining stocks. • Five-day Bitcoin move and the push through $75K • Why steady growth matters more than daily spikes • Strategy’s stretch buying and the math behind a million BTC • HODL 15 leaderboard and SpaceX joining the list • IBIT versus Strategy and how ETF flows change the story • Dividend liability questions and where payouts could come from • Clarity Act timeline and why regulation boosts confidence • AI data center demand and the power shortage narrative • Miner leaders and why small caps can re-rate fast • US re-domicile benefits and how index inclusion drives buying • Bitzero overview with power pipeline and HPC potential • Heat map performance and why we focus on buy and hold • ABTC shareholder vote plus reverse split risk • Satoshis per $1 invested chart and what it reveals • Power Analysis website tools including the data center map take a second, smash a like button, guys If you're not already subscribed, McNallie Money, feel free to join go on there and let us know your views on on BitZero!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down BitZero’s shift from Bitcoin mining toward AI high performance computing, and why predictable revenue starts to matter more than hash rate when margins get thin. We map their sites, their cost constraints, and the realistic paths to landing an HPC tenant without blowing through the balance sheet. • BitZero’s strategic pivot toward HPC and AI compute • why miners chase predictable revenue alongside Bitcoin exposure • the capital reality of tier-three data centers versus hybrid retrofits • why low power cost matters more for mining than HPC margins • site by site look at Norway, Finland, and North Dakota potential • what “location” really means: fibre, climate, security, grid readiness • partnership route with CBRE and Hydra to de risk development • Nvidia Blackwell pilot cluster as a proof of concept signal • Kevin O’Leary as a strategic investor and credibility lever • Wonder Valley in Alberta as a long range opportunity set • Clarity Act as a possible Bitcoin catalyst and why timing is uncertain Let us know your thoughts below if you’re currently holding shares, if you’ve heard of the company before. If you’re still watching, hit the like button. Feel free to subscribe.Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin rallies toward $73K as miners close the week strong and the market starts to feel like it is shifting from bear to bull. We break down the supply math behind Stretch’s buying spree, then connect the dots between AI data center contracts and how mining stocks get valued. • Bitcoin holding above $70K and what to watch into the weekend • Stretch accumulating 7,641 BTC and why that equals 17 days of issuance • Supply and demand pressure as miners choose whether to sell • CoreWeave momentum with Meta and Anthropic and spillover to Core Scientific • Why power assets matter as miners transition to HPC and AI infrastructure • Portfolio tactics like limit buys and why timing the bottom is hard • Miner heat map moves and the impact of ATM share sales • WhiteFiber NC1 build progress and execution speed as a catalyst • Bit Digital valuation discount via ETH treasury and WhiteFiber stake • BitFufu March production, cloud mining model, and treasury management • When the HPC multiple re-rate starts and why contracts lead the way Take a second, smash the like button, guys. If you’re not already subscribed, McNalie Money, feel free to join. And let us know in the comment section below how the portfolio is looking this week and your top pick in the sector currently!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a market rebound driven by shifting Iran headlines, then pressure test why Bitcoin stays resilient above $70K even as oil and inflation worries flare. We also map the AI infrastructure land grab, from hyperscaler CapEx to miners pivoting into high performance compute as the new battlefield for power and capacity. • Iran conflict headlines, oil volatility, and real-world fuel price impact • Bitcoin bounce and what the market may be pricing in • Strategy’s sustained accumulation and the path toward 1M BTC • Public company Bitcoin rankings, miners selling stacks, and treasury trade-offs • Concentration across exchanges, ETFs, and government wallets • Morgan Stanley’s Bitcoin ETF debut and supply tightening • Mag 7 performance check and why AI sentiment is turning • Amazon’s $25B Mississippi data center plan and megawatt math • Meta’s $21B CoreWeave commitment and why leasing GPU capacity wins • Miners’ HPC pivot, funding constraints, and “winners vs strugglers” split • CleanSpark Tennessee shutdown and the noise issue in Bitcoin mining • Small-site vs large-campus strategy for AI co-location deals • TeraWulf campus buildout and why scale matters for hyperscalers 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. And let us know in the comment section below your current top pick in the sector and why! Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Geopolitical risk pushes oil and fuel higher, but Bitcoin holds up better than many would expect, forcing a rethink of how macro shocks translate into crypto pricing. We walk through miner performance, new hardware, and why AI and HPC infrastructure is reshaping what “winning” looks like for public mining companies. • Middle East deadline risk and what it does to oil, inflation pressure, and risk appetite • Why Bitcoin holding above $68K matters for miners and market psychology • Bitcoin conference updates and why hosted mining keeps showing up in the thesis • Miner stock heat map takeaways and the AI driven re-rating story • Bit Digital’s Ethereum treasury, staking yield, and discount to NAV discussion • Bitdeer SEALMINER A4 launch, efficiency claims, and payback math • CleanSpark March production, buybacks, BTC treasury growth, and HPC cost reality • DMG’s steady mining output, prefab data center units, and AI capacity plans • Hut 8 leadership visibility and why policy access matters for infrastructure plays Let us know in the comment section below how you're feeling about markets currently and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Strategy’s latest Bitcoin buy sets the tone for a strong start to the week as miners trade green despite global tension. We break down Keel’s rebrand mechanics, Riot’s Q1 production and power sales surge, and MARA’s push toward AI HPC with deeper partners and clearer messaging. • Strategy buying 4,871 Bitcoin and the supply narrative • Bitcoin trading strength through holidays and geopolitical risk • Miner stock volatility and why predictability matters • How HPC deals trigger a violent re-rate • Bitfarms rebrand to Keel Infrastructure and 1-for-1 share conversion • Keel day-one price spike and what it says about algos • Riot Q1 production drivers including hash rate and difficulty • Riot power sales growth and site megawatt capacity • Why miners may sell BTC to fund AI and HPC capex • MARA’s evolution from asset-light hosting to owned power control • MARA’s three-prong strategy: mining, AI, grid sales • Starwood and Xeon adding hyperscale and sovereign cloud capability • Key Exaion metrics: data centers, GPUs, storage, CPU cores Make sure you guys check out some of that HPC data on the website. Obviously, while you're there, you can sign up for the newsletter as well!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Soluna CEO John Belizaire right after earnings and a major wind farm acquisition to unpack what changed in the business and what comes next. We press on cash flow durability, capital raises, and why Soluna thinks power-aligned infrastructure is the path from Bitcoin volatility to AI-scale growth.• FY2025 highlights, cash growth and how hash price pressure shows up in results • Why low-cost power and scale help customers stay profitable in weak Bitcoin markets • How Soluna thinks about ROI across Bitcoin mining, hosting and AI data centers • Q1 2026 progress across Kati 1 ramp, partners and team additions • Briscoe Wind Farm acquisition, vertical integration and the “convergence” strategy • How owning generation creates flexibility, curtailment hedges and revenue diversification • The three Bitcoin models: self-mining, fixed power margin and profit share • Kati 2 and MetroBlocks, tenant demand, campus design and grid stability plans • Project Grace as an R&D pilot and how it may fold into Dorothy 3 • Dilution concerns, the $1B shelf filing context and project-level financing expectations • Near-term catalysts, AI pipeline maturation and a coming rebrand toward AI infrastructure Let us know in the comments section below if you're currently holding shares of Soluna and what you thought about their most recent results!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]