“Money is time” is not a new idea. Here’s the half that gets left out. Money is stored time. Wealth is stored choice. The engines are how you make it. The monetary system decides how much of it leaks. The person holding the account decides whether any of it survives contact
Money is time” is not a new idea. Here’s the half that gets left out. Read More »
Great points here. Responsibility is not restricting our freedom rather so rewarding and meaningful. Having kids, pets, being married. Owning homes, cars, assets. “The more you own, the more they own you.” Nah – I don’t buy into that adage.
Responsibility is not restricting freedom Read More »
$IREN dilution just went from mandatory to optional. That’s the headline nobody wrote from tonight’s call. The receipts: $6.5B of GPU financing raised in three months, covering over 100% of GPU capex. Customer prepayments of 45-55% on recent deals stacked on 90% equipment financing at 6-9% rates. Total secured funding: $19 billion. Dan’s words on
IREN’s dilution just became optional Read More »
Could the $IREN mystery leading frontier AI lab that signed a new multi-year AI cloud contract be OpenAI or Anthropic? Who else could it be? The contract is still undisclosed. IREN likely signed an NDA and cannot name the leading frontier AI lab yet. That does not make the customer fictitious; it makes the
Could IREN’s Mystery AI Customer Be OpenAI? Read More »
$IREN just reported $1B of ARR operating today, $4B contracted for year-end, and 2026 capacity sold out. New contracts are signing above $20M per MW with discussions at $25M, roughly double what the street models. The bear case died on page one: $3.6B of investment grade GPU financing at 6%, another $2.8B from Blue Owl
IREN: $1B ARR today, 2026 capacity sold out Read More »
Bitcoin crashed 50% and just recovered 25% in three weeks. Perfect stress test for the treasury companies. Worth studying who bent. The leveraged ones spent the winter managing debt. Converts are cheap financing until the stock falls below the conversion price. Then they’re a bill with a date on it. $ASST runs the other model.
Bitcoin stress test for the treasury companies Read More »
🚨 Ten days ago I posted that the world is structurally short compute. Tonight Jensen made it official: "compute is revenue." 💸 His words on the call, and “demand is accelerating”, with the buildout at full steam. 🤯 The receipts: $96B quarter. Data center up 117%. Next quarter guided to $108B with zero China in
Compute is revenue: Jensen just made it official Read More »
Ten days ago I wrote that the world is structurally short compute. Jensen Huang just made the case in plain language: compute is revenue, and demand is accelerating with the buildout still running at full steam. The receipts are already visible. The quarter came in at roughly $96 billion, data-center revenue was up 117%, and
Compute Is Revenue: Why AI Infrastructure Demand Is Still Accelerating Read More »
The Fed is on a tight rope. The best choice is to drastically cut rates since they are losing the long end regardless. Will they do it? Great work @NTLiveMedia @chigrl
The Fed Is on a Tight Rope Read More »
