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Deep-Value Investor, Ex-Tech Executive, Agentic Equity Research Builder
TeraWulf deserved to rise on its Anthropic deal, and Sharon AI on a possible deal using its existing Australian data center footprint, unlike IREN, whose move is pure speculation with no physical footprint in Australia. Holding through the market's short-term flushes is the hard part of owning them long term. x.com
TeraWulf stands out among bitcoin miners pivoting to AI data centers because its massive 20-year Anthropic deal gives it real legitimacy, and some capacity is already energized, moving it beyond pure hype. Plenty of execution and buildout risk remains before that partnership produces, and the chart is losing its uptrend line, suggesting more short-term chop. Long term, it should do well if the buildout goes well and the AI revolution is real. x.com
TeraWulf is a play on the AI capacity shortage, as big AI companies and labs race to lock in capacity years ahead. It builds power-backed AI data centers, and Anthropic signed a 20-year deal with it for 401MW. AI cloud backlogs have surpassed $150B, and one provider said it could sell out its 2027 capacity at today's terms. x.com
TeraWulf's reported $20 billion lease with Anthropic and roughly 3 gigawatts of compute capacity look like barely hidden fraud for a formerly bankrupt company now competing with Meta on capacity. x.com x.com
Sharon AI is turning from a speculative story stock into a contract-backed sovereign AI compute play, though the sharp post-news pullback argues against blind short-term buying. Governments in Asia-Pacific, Australia and Europe want AI data off US public clouds, which drove its $950M domestic contract, and $350M of GPU funding is secured. It partners with NEXTDC instead of building data centers. Q1 revenue was only about $2M with a $58.1M net loss. x.com
Nebius and CoreWeave results are constructive for SharonAI because the marginal price of scarce near-term AI compute is rising, and SharonAI has plenty left to sell. As of August 6 it had 212 MW secured and 92 MW uncontracted, up from 16 MW uncontracted on July 16. On consensus it trades at 0.8x 2027 EBITDA, versus 11.8x for Nebius, 9.9x for IREN and 5.6x for CoreWeave. It is early stage with higher execution risk, and uncontracted capacity hurts if pricing deteriorates. x.com x.com
TeraWulf rushed to sell more shares right after breaking out above $20, despite a first-quarter miss. It is offering $800 million of common stock, plus up to $120 million more for underwriters, to help fund a data center in Hawesville, Kentucky. Preliminary Q1 revenue of $30-35 million fell short of the $39.17 million consensus, with adjusted EBITDA of just $0-3 million. x.com
Nvidia's CUDA retains developers, putting it among 12 stocks that could dominate the decade ahead. Nebius's GPU rental price rise signals demand; Fabrinet and Credo supply AI connectivity. DraftKings has betting scale; Microsoft has Azure and an OpenAI partnership; Figma anchors design work; Shopify powers stores. TeraWulf pivots power sites to AI leases; Constellation, the largest US nuclear operator, signs big-tech power deals; Meta spends on AI; Uber has autonomous-vehicle partnerships. x.com … Show more
TeraWulf's pivot from bitcoin mining to AI compute is drawing financing and analyst support after a reported $19B AI data-center lease with Anthropic. Per Bloomberg, citing CFO Patrick Fleury, it plans about $3.5B of leveraged loans and high-yield bonds, run by Morgan Stanley, to build the Kentucky campus under a 20-year Anthropic lease. Rosenblatt and Bernstein raised targets, with Bernstein seeing up to 70% upside. It must hold above $24.50 to keep its reclaim alive. x.com x.com
SharonAI looks like a pump and dump, with management as shady as NUAI's, with which it once had a joint venture it says it sold. Short seller Bleecker Street reports that the CEO allegedly siphoned millions and that the $1.25bn anchor contract is with a small Indian data center operator whose newest major customer is sanctioned. That operator, ESDS, is not a legitimate customer. @RHouseResearch says SharonAI falsely claimed NVIDIA as a shareholder in its 10-K. x.com x.com
TeraWulf sits at AI's next bottleneck, power, having shifted its crypto mining facilities into leasing power for AI. The grid cannot deliver enough electricity to run the chips companies have bought at full capacity, and nuclear will take a long time to approve and regulate. TeraWulf has now announced a $19 billion deal with Anthropic. x.com
