Hello everyone, our $NUAI deep dive is now live on Substack A tenant + financing is the major catalyst. Which we expect soon. But what would the deal actually be worth to shareholders? That’s the groundwork we’ve laid in this report. We start with management hires and the roles they play, followed by a full site breakdown, power availability, and the sector’s tailwinds and headwinds. We walk through permitting: what has been secured, what remains outstanding, and how requirements differ across the development phases. This ties into @Mark_AAIG technical series, which I’ll also link in the comments. We then examine different financing scenarios for Phase 1 and Phase 2, showing how funding structures, ownership and potential dilution change the economics for shareholders. Together, this builds a foundation for understanding the full campus and its planned 1.4 GW of gross capacity. As tenant and financing details emerge, we can quickly reassess the investment case: how much capacity is contracted, on what terms, what it costs to deliver, and how much value ultimately accrues to NUAI shareholders. Ask us questions, challenge our assumptions, or discuss the report in the Substack subscriber chat. You can also connect to our Discord and join the dedicated NUAI deep-dive channel. Write-up and technical series in the comments 👇 Team AAIG