
Founded and built @loopinternet; acquired by Greenlight in 2025 and T-Mobile in 2026. Building more internet @ Layer1
Philly & Middle of Nowhere VA
Joined October 2008
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The demand for wireless capacity is going to be unlike anything we’ve ever seen before due to AI, robots, wearables, etc. There’s going to be immense amounts of data transmitted from your personal AI to the cloud 24/7.
If this is something you’re interested in working on, DM me.
So here's something no one is talking about.
$IREN gets pre-payment on all of their GPU's.
They own the land and the datacenters.
Everyone's saying GPU's may depreciate faster than originally intended.
That's not a problem for IREN. They aren't the ones paying for the GPU's, the customers are. They can very easily swap in new GPU's and start the lease cycle all over again, at even higher margins because they already have the facilities built.
Honestly, fuck @citrini This game of manipulating the market to profit off of their positions is getting old.
They just said to short $NBIS 3 days ago.. now they're saying to cover. lol
JUST IN: Citrini Research advises clients to cover $NBIS short position and to go short $IREN instead.
"One quick swap we are making is $IREN for $NBIS on the short leg of the neocloud pair mostly to derisk on earnings (IREN announced and popped harder than the sector today, NBIS earnings is next week). IREN is also more stretched in balance sheet, which matters since financing reflexivity is a huge part of this."
So the whole “anti-datacenter” thing was just to appeal to voters.
The governor-elect of Texas, Gina Hinojosa, has explicitly said that all currently permitted datacenters in Texas will be allowed to finish construction. This essentially covers all of the 2027 and likely well into 2028.
She is going to pass laws that ensure that all *newly* permitted datacenters going forward for delivery in 2028/2029 will pay taxes, commit to no increase in power prices for consumers, don’t impact water availability for people, be constructed with union labor and give “Texans a seat at the table.”
Sounds reasonable. She doesn’t want to lose a lot of good blue collar jobs and property taxes for small towns in rural Texas.
Datacenter commentary starts at 6:30 in this interview.
Also attaching her official campaign position from her website in the next post.
Sidenote: After watching a bunch of her speeches and interviews, I do think she is a political talent and probably has a future in national politics.
youtu.be/D-T6H3b8ZeE?is=mEWu…
Chris Hacken retweeted
$IREN: "we have signed a five-year contract at about $22 million per megawatt with 90% of the GPU capex prepaid by the customer, and a short-term contract at $40 million per megawatt."
90% prepayment of GPU capex 🔥
🚨 $IREN: $22m / MW on a 5-year contract including 90% prepayment of GPU capex.
This is MASSIVE, wow... the demand for compute is unreal.
Chris Hacken retweeted
$META president says a newly elected governor who made data centers a campaign issue asked to meet after inauguration:
“As soon as we get past the inauguration, let's meet, because we don't want to lose this investment in our town."
"We don't want these jobs to go elsewhere.”
I think the AI trade is tanking because A LOT of people are getting margin called. $SNDK is down 17% right now.. that's not normal volatility. That's someone trying to grab every ounce of liquidity they can get their hands on.
Yup, the Dems are about to flip the narrative now that they rode the anti-datacenter sentiment to their advantage.
The politics around AI data centers are about to change fast.
States may have pushed back on these projects before, but once they see the thousands of high paying jobs, new power infrastructure, and capital investment attached to them, that resistance is going to disappear. AI is not just a technology story anymore. It is becoming a massive economic opportunity for the American middle class.
Even @awilkinson is long $IREN
I'm confident we see at least $100 by the end of 2027 once all of this doom and gloom disappears.
Do you like making money? Then listen up.
Datacenter company $IREN is trading at 2.3x 2028 EBITDA.
I have been long since $6 and haven't sold a share. teapawt.net/awilkinson/status/1887…
Because despite the blue wave...
Despite CoreWeave bond yields...
Despite Elon fanning the flames to put SpaceX's compute competitors out of business...
IREN own one of a handful of toll roads to super intelligence.
And now you can buy it at a *profound* discount.
Read this:
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.
So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."
Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.
There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.
But the real reason we lost is obvious to almost everyone.
Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:
1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel
Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)
In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.
The reason we lost is the war. The president himself said so last night.
If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.
But everyone knows why we lost. And any honest conversation about where we go from here must start there.
I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
Chris Hacken retweeted
Today is starting to feel like max pain. I've lived through many moments like this over the last 25 years. They are never easy but as long as you don't die, you live to fight another day. Stay hard.
The whole “Dems hate datacenters” is a bunch of nonsense. The majority of Dems I’m familiar with were all Pro-datacenter until public opinion turned against them. Then they just went with the wind like politicians usually do.
It was a strategic move by China to slow us down and Dems rode the wave to gain public support.
I’m willing to bet they about face on the issue immediately.
$IREN $NBIS
The selloff of $IREN based on the Texas moratorium is overblown. Sweetwater 1 is already energized. The only thing that’s potentially affected is Sweetwater 2 which is smaller and not expected until 2028 anyway. There’s time to resolve that one.
Chris Hacken retweeted
With AI stocks down 20% to 50%, I keep getting asked whether the AI trade is dead. I was in the market during the dot-com boom in my early twenties, so let me put the two side by side.
Duration first. The dot-com boom ran 5.3 years from Netscape in 1994 to the peak in 2000. The AI boom, counted from the ChatGPT moment in late 2022, is 3.9 years old. If it merely matches the dot-com in length, there are 1.4 more years to go.
Then magnitude. The Nasdaq 100 rose about 1,000% during the dot-com boom. In the AI boom so far it is up 137%, which is roughly 13% of the way there.
Now the poster boys. Cisco was the most important stock of the dot-com era, and at the 3.9-year mark it was up around 700%. It went on to peak at 4,200% on a forward P/E of 131 times. Nvidia at the same point is up about 1,000%, and its forward P/E is 17 times. Cisco was priced for perfection. Nvidia is priced like a mature industrial.
I am not forecasting that Nvidia goes 4x from here. I am saying that on both duration and valuation, this boom is nowhere near where the last one ended. That is why I treat these pullbacks as rotations within a bull market rather than the end of one.
Learn to invest and trade at piranhaprofits.com
Maybe it's just me, but the future seems more uncertain than ever.
Not in a, we're all going to die, kind of way, but in a... I have absolutely no idea what the world is going to look like in 5 years, kind of way.
Everything seems to be moving incredibly fast. I feel like there was once a time when you could keep track of most major technological advances that were happening in the world. Everyone knew who the hot startups were, who had just raised a big round of funding, etc. Now.. it seems like there are thousands, or tens of thousands of companies all doing incredibly ambitious things.




















