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TeraWulf WULF Investment Thesis (PDF in link below, no paywall)
rittenhouseresearch.substack.com/p/terawulf-inv…
$WULF
Rittenhouse Research
2,185 posts
Rittenhouse Research
@RHouseResearch
AI infrastructure, data centers, neoclouds, software, fintech.
- You can't even make it up. Shaun Maguire @shaunmmaguire, who led the Series A in "quantum-computing" company IonQ $IONQ, more or less admits he agrees entirely with Martin Shkreli @MartinShkreli on quantum. Shkreli, of course, is a massive quantum bear, calling $IONQ "one of
00:00 - Replying to @matthew_sigel and @Shrimp_a_WhalesWith all due respect, your take here is ridiculous, especially considering how other "data center developers" in your ETF's portfolio operate. Helios is a $6.4B project (533MW of critical IT load x $12MM/MW). Assuming 80% LTC (i.e. that Galaxy $GLXY can raise 80%, or $5.3B of
- Rittenhouse Research is long Galaxy Digital $GLXY $BRPHF We believe Galaxy's flagship data center Helios will generate $1.7B of EBITDA and $32B of equity value in the near-term, w/ significant further upside. Our full thesis can be found via PDF here: rittenhouseresearch.substack.com/p/galaxy-digit…
- Replying to @buccocapitalCrazy to think this show ran from 2014 - 2019.. Right before all of the satirical underpinnings became even more true, lol. An all time classic.
- Galaxy Digital $GLXY trading down in pre-market on the issuance of this "2031 Exchangeable Note ("muh dilution") is amusing given this raise actually affords them flexibility to refi their existing 2026 Exchangeable Notes with cash (instead of stock), limiting potential dilution
$GLXY Galaxy Prices Upsized $1.15 Billion Exchangeable Senior Notes Offering: Initial exchange price of $55.76/share: prnewswire.com/news-releases/… - We believe that to compete at the frontier, you have to own the full stack: from dirt to intelligence. Today we’re announcing two major unlocks for our mission to AGI: 1. We're partnering with @CoreWeave and have 40,000+ NVIDIA GB300s secured. First capacity comes online
- “JANE STREET DISCLOSES A 5% POSITION IN CIPHER MINING $CIFR !!!!” Yes, Jane Street accumulated a position in Cipher because they are extremely bullish on the Cipher’s long-term prospects, and they intend to hold this position for years, maybe even decades! They certainly did
