Power Analysis

Bitcoin rebounds above $80,000 as institutional access expands and Washington edges toward clearer crypto rules. We break down miner results from BitDeer and WhiteFiber, plus BitFuFu’s production headwinds, to see how the Bitcoin mining sector is turning into an AI HPC and data center story. • Bitcoin’s move back into the $80K range, key catalysts behind the rally • Charles Schwab rolling out spot crypto access, what large AUM platforms change for adoption • Clarity Act progress, why regulation can unlock broader participation • Strategy’s rapid Bitcoin accumulation, what it implies about supply versus demand • Strive’s competing yield product, the push toward daily dividend structures • Heat map check-in across miners, reflections on recent management interviews • BitFuFu April operational report, outage impacts and contract decisions, continued HODL growth • Bitdeer Q1 earnings, revenue surge, expanding AI cloud ARR, power portfolio optionality, SEAL miner efficiency gains • WhiteFiber Q1 earnings, co-location growth, NC1 timeline, Hyperbolic agreement, supply chain constraints for data centers • Why HPC revenue depends on delivery, margin expectations versus reality, questions we keep pressing in interviews Let us know in the comments section below if you're currently holding shares of either Bitdeer or WhiteFiber and what you thought of their results. Sign up for the weekly newsletter at poweranalysis.ioAnthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Ben Gagnon, CEO of Keel Infrastructure, to unpack Q1 execution, the rebrand, and what it takes to turn power-rich sites into real HPC and AI data center leases. We break down the specific milestones we’re watching, why location and inference could reshape demand, and how financing and SLAs determine who actually gets projects built. • Keel’s execution track record across rebrand, restructuring, and major M&A integration • Why the infrastructure gap between Bitcoin mining and HPC AI data centers is bigger than most investors assume • The key metrics we track through the year: permits, lease execution, and secured megawatts • Why location becomes a moat again as inference demand grows • What could derail three leases by year end and how zoning, development, and environmental permits differ • How materiality and disclosure rules work once a binding agreement is signed • Why Pennsylvania is attracting large-scale AI data center announcements and what that signals for the market • Community engagement as a competitive advantage amid project cancellations and delays • How pricing could shift toward paying more for faster delivery and higher certainty • Enterprise AI demand and why “token value” differs for hyperscalers vs enterprises • SLAs, grace periods, and what drives margins down in real-world contracts • Financing confidence, credit market appetite, and why Keel says it doesn’t need to issue equity now Let us know in the comments section below what you thought of the earnings call from Kiel and if you're currently holding shares!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We step through the latest earnings from major Bitcoin miners and AI infrastructure names, then use the actual financial statements to explain why so many teams are pivoting toward high performance computing. We connect contracts, megawatts, margins, stock based pay, and balance sheet strength to the share price rerates the market is handing out. • Bitcoin price volatility and the sector’s mixed daily tape • Why many earnings calls gloss over the “earnings” lines • How to read the income statement for miners and HPC builders • What adjusted EBITDA excludes and why it can mislead • ABTC’s Bitcoin accumulation strategy and Satoshis per share focus • CleanSpark’s development pipeline and late stage AI pivot • Total revenue comparisons and why low revenue can still re-rate • Cipher’s contracted revenue inflection and the appeal of predictability • Core Scientific’s CoreWeave deal and gigawatt expansion optionality • Net losses driven by depreciation and fair value Bitcoin write downs • Hut 8’s long duration contract economics and pipeline upside • IREN’s contracted ARR curve and vertical build approach • Keel’s execution roadmap and market anticipation before deals • MARA’s “digital infrastructure triad” and power asset strategy • Stock based compensation as a percentage of revenue and alignment • Riot’s Corsicana campus design and co-location potential • TeraWulf’s repeatable finance-and-build playbook • Retained earnings as the blunt proof of mining’s difficulty • Balance sheet checks: current ratio, net assets, leverage • Nebius Q1 surge, capex pace, margin improvement, and new PJM land Let us know in the comments section below how you're feeling about the sector in general and your top pick in the space if you're listening on any of the audio podcast platforms, make sure you guys give us a follow and a five-star rating!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sort through a brutal red day and explain how to survive Bitcoin miner volatility by zooming out, doing the work, and setting sell targets you can actually follow. Then we break down the latest updates from Bitdeer, Mara, CleanSpark, and IREN, showing how AI HPC deals and power capacity are starting to drive valuations more than pure mining growth. • How we think about daily volatility in Bitcoin and miner equities • Why disciplined price targets beat reactive trading • Strategy’s rapid Bitcoin accumulation and what it signals • The market re-rate effect when miners sign AI data center deals • BitDeer’s April update: hash rate growth, fleet efficiency and a $69M AI ARR run rate • Mara earnings highlights: power assets, Starwood JV structure, mining as load balancing, HODL changes • CleanSpark earnings highlights: Texas power expansion, balance sheet notes and “lead prospective tenant” language • IREN’s upsized convertible note, capped call protection and why the NVIDIA partnership matters • Why we built poweranalysis.io to track public AI deals and metrics • Riot CEO planned share sale and how we interpret insider selling Let us know in the comment section below what you thought of earnings from Mara and CleanSpark and if you're currently holding shares of any of the companies discussed!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the fast-moving shift from Bitcoin mining to AI infrastructure, where power capacity and signed leases drive the biggest valuation changes. We break down Keel’s earnings narrative, Iron’s financing move, and the key signals we watch to separate real deal momentum from noisy price action. • Bitcoin’s recent price action, volatility, and why fundamentals still matter • Strategy’s latest Bitcoin purchases, Stretch mechanics, and dividend obligations • The Clarity Act odds, why regulation can unlock sidelined capital, and what that could mean for sentiment • Miner stock re-rates as the market prices AI and HPC revenue at higher multiples • WhiteFiber’s big move, Bit Digital’s dual exposure, and the discount-to-NAV debate • BitZero’s Norway lease headline and why a Nasdaq uplist can change liquidity and attention • DMG’s April production update and how 65MW can still be meaningful in AI deal math • DigiPower’s Cerebrus-linked contract economics and what improved $ per MW implies for peers • Keel Infrastructure’s rebrand, permitting progress, $533m war chest, and the “three leases by year end” target • IREN’s $2bn convertible, buildout funding logic, and why power scale can keep them out front Let us know in the comment section below what you thought of KEEL earnings and this move by IREN. Make sure you go over to poweranalysis.io and sign up for the newsletter!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track how Bitcoin holding above $80K sets the baseline, then zoom out to the real story: public miners racing to turn power into contracted AI and HPC data center revenue. We break down the biggest earnings-week moves from TerraWulf and Iron, plus Hive’s infrastructure upgrades, to show why the market is re-rating “power and GPUs” faster than “hashrate and hodl.”• Bitcoin range context and why it still anchors miner cash flows• Earnings-week volatility, profit taking, and how to think about position sizing• Heat map momentum across the AI infrastructure basket, including BitZero and Soluna• Hive TSX uplisting impact on liquidity and investor access• Hive ATM usage, timing discipline, and what it signals about growth strategy• Fiber buildout and why latency matters for Tier 3 AI data centers• Why quarterly miner numbers can look weak, including balance sheet and fair value effects• TeraWulf Q1 delivery, guidance reaffirmation, and the mix shift toward HPC lease revenue• TeraWulf funding capacity, site pipeline expansion, and expectations for the next contract• IREN’s rapid sequence of updates: Sweetwater energization, Mirantis, NVIDIA alignment, GPU deployment• NVIDIA option structure and what strategic alignment can mean for valuation• IREN’s Spain expansion and the strategic value of a global power pipeline• Wall Street price targets, why some lag the tape, and how HPC multiples differ from mining• Updated HPC deal tracker on our website and why apples-to-apples comparisons mattertake a second, smash a like button, guys. If you want to see our personal trades, check out the PowerPlay!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Matt Prusek to break down ABTC’s Q1 performance and the mechanics behind growing a Bitcoin treasury through volatility. We dig into fleet growth, cost per coin, and why the company stays committed to stacking sats while many miners pivot toward AI. • Q1 production record and what 817 mined BTC signals • Growing the strategic Bitcoin reserve past 7,000 BTC and why satoshis per share is the North Star • How the Bitmain Bitcoin pledge structure works and why it behaves like an option • Keeping SG&A lean through co-location with Hut 8 and managed services agreements • Funding operations with an ATM while avoiding Bitcoin sales • Fleet scale, efficiency targets, and preparing for difficulty shifts and the next halving • Energy strategy, operational tweaks, and sustaining a lower cost per Bitcoin mined • Industry landscape where competitors shut off fleets and mining share can rise • Balancing aggressive accumulation against dilution with accretive decision-making • Regulatory outlook around the Clarity Act and what institutional comfort could change • Concentration risk with Hut 8 and why governance structure matters • Asset-light focus versus owning power assets and staying “pure” to Bitcoin accumulation • How new ASIC efficiency and secondary markets could shape the next 12 to 18 months Let us know in the comments section below if you're currently holding shares of ABTC and what you thought about their most recent round of results. If you guys have any additional questions, drop them below!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the biggest AI infrastructure and Bitcoin mining developments from a volatile week, from a potential crypto market structure catalyst to miners repositioning around power control and hosting. We also break down ABTC and Core Scientific earnings and explain what the numbers say about margins, uptime, and the reality of delivering HPC at scale. • Bitcoin hovering above $80,000 and what volatility signals • Clarity Act updates and why a July deadline matters • Profit taking discipline after fast miner rallies • BitZero megawatt economics and the Nasdaq uplisting impact • MARA’s Long Ridge Energy financing and the shift to vertical integration • Behind-the-meter power as a competitive moat for AI data centers • Soluna’s hosting growth plus progress on two 300+ MW AI and HPC projects • ABTC’s low cost to mine Bitcoin and rapid Bitcoin treasury build • Core Scientific’s co-location revenue growth and multi-gigawatt expansion plans • Why margins may compress versus headline targets and why uptime is everything Check out the power play session we just put out today!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down why Bitcoin mining stocks are ripping even while Bitcoin is relatively steady, and why the market is rewarding power assets and signed AI data center contracts. We compare AMD’s AI-driven data center performance to what miners are promising, then pressure-test the margin claims, delivery risks, and what really drives the re-rate. • Bitcoin price context and why the sector still rallies • AMD earnings as a read-through for AI data center demand • power scarcity as the bottleneck for HPC and AI infrastructure • why 75% to 100% margin claims need a reality check • penalties, delays, and construction risk in data center delivery • the HPC-driven re-rate across miner equities and 52-week highs • CleanSpark production update, efficiency, and Bitcoin selling strategy • Core Scientific scaling Muskogee and expanding leasable gigawatts • HUT 8’s 15-year contract details and what it implies for valuation • Riot’s nuclear MOU and what it could mean for future capacity • how to think about earnings week when guidance matters more than trailing numbers Let us know in the comment section below, you guys, what is your top pick in the space? What are you expecting tonight from Core Scientific tonight, from IREN on Thursday, from WULF on Friday, and your top pick in the space currently? Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a wild day across Bitcoin and AI infrastructure stocks as earnings, new leases, and M&A reset what “Bitcoin mining” even means. We break down why the market is re-rating companies with HPC contracts and how power, build execution, and financing levers are becoming the real edge. • bitcoin price move and why it matters for miners • heat map read-through and why “deals” drive green days • Bitzero’s 110MW Norway GPU lease and what the numbers imply • Applied Digital spinning out Chronoscale to separate business models • Cipher earnings highlights across Barber Lake, Black Pearl, and Stingray • how PUE changes gross power into net compute economics • Odessa mining timeline as a bridge to full HPC focus • the $200M revolving credit facility and why it changes funding options • Riot’s re-rate thesis, Corsicana design changes, and single-tenant strategy • AMD deal expansion economics, escalators, capex per MW, and margin targets • Mara’s Long Ridge acquisition and why vertical power ownership matters • IREN buying Morantis to move toward a full stack AI cloud operator Take a second, smash a like button, guys. Big help to myself and the channel. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below which of these companies you're currently holding and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin ripping higher sets the tone, then we pivot into the real question our community keeps debating: Iron or Nebius as the cleaner AI infrastructure and HPC bet. We compare market caps, revenue ramps, hyperscaler contracts, power portfolios, and the make-or-break factor of execution as earnings approach for both companies. • Bitcoin strength and why miners still care • Clarity Act updates and what still has to clear • Treasury buyers and how “HODL” plays into miner valuations • Earnings calendar expectations across the mining and HPC names we track • Applied Digital bridge facility and what it signals for AI data center financing • HUT 8 refinancing and why lower rates matter • Iren’s Sweetwater One energization as a key milestone • Iren team build-out and capital markets hires • Iren vs Nebius fundamentals through market cap and revenue trends • Nebius business model and why vertical integration changes unit economics • Microsoft and Meta contracts and what contract size implies • Why delivery risk and uptime requirements can make or break returns Let us know in the comment section below which of these two companies, IREN vs. NBIS, you prefer and why!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down Riot Platforms’ Q1 results by focusing on what matters most: execution on the AMD data center lease, the roadmap for Corsicana, and how we think the company shifts from Bitcoin mining to AI and HPC infrastructure. Jason Les explains why delivery speed, supply chain control, and disciplined financing are the real catalysts behind any valuation re rating.• AMD lease progress and what the expansion option signals • How data center revenue ramps from tenant fit out to recurring lease income • Why SLAs and non performance penalties make operations a moat • Mining performance update and how cooling choices affect maintenance trade offs • Riot’s strategy to use Bitcoin mining to secure and monetize power until conversion • ESS Metron and why switchgear lead times change the game • Corsicana design flexibility, PUE assumptions, and what 756 MW really means • Substation expansion status and securing transformer capacity • Site advantage near Dallas and Austin plus fiber and workforce access • Team buildout, land control milestones, and hiring hyperscaler experienced leaders • Funding the buildout with balance sheet strength, project finance, and methodical BTC sales Take a second, smash a like button, guys. Big help to myself and the channel. If you're not already subscribed, McNally Money, feel free to join. And let us know in the comment section below what you thought of the results and your outlook for Riot as we move into Q2!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down the biggest Vegas headlines, from Tether’s proposed Bitcoin mega merger to hyperscaler CapEx that is reshaping the race for land, power, and permits. We also dig into why Keel’s zoning approval and Mara’s Long Ridge power plant acquisition could change the economics of mining and the transition into HPC AI. • Tether backed consolidation idea and what an integrated Bitcoin platform could look like • Elektron’s scale as a private miner and why all in cost matters more than buzzwords • Hyperscaler CapEx surge and the practical bottlenecks for new data center supply • Bitcoin’s strong month and why we keep telling people to zoom out • Keel’s Pennsylvania expansion approval plus the real permitting steps and constraints • Vera Rubin GPU plans and how location and latency can change pricing power • Mara’s $1.5B Long Ridge deal and the significance of 505 MW with 600 MW compute potential • Analyst price targets versus long dated optionality if a major AI client signs • Soluna’s rally, Mike Alfred’s buy, and how social reach can accelerate attention Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We recap day two from Bitcoin Conference Las Vegas and the biggest conversations we have on the floor, from networking with familiar names to spotting how fast the space is changing. We also connect the dots between Bitcoin volatility and the AI infrastructure buildout, including major data center updates from BitZero, Soluna, Galaxy and Hut 8. • Highlights from the BitGo area and the Satoshi Action Party • What we notice on the conference floor including media interviews and key personalities • Bitcoin pulling back during conference week and why long-term framing still matters • AI and HPC stocks selling off despite CEOs flagging GPU capacity constraints • BitZero’s Finland and Norway engineering and energisation roadmap • Why community support can make or break data center projects • Soluna’s hosted mining growth plus behind-the-meter wind farm optionality • Galaxy Digital moving capacity from Helios and broader data center execution signals • Hut 8’s Riverbend campus project financing details and what it implies for digital infrastructure Take a second, smash the like button, guys. Big help to myself and the channel. If you're not already subscribed, McNallie Money, feel free to join.!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We walk through another green day for AI infrastructure stocks and the Bitcoin miner names making the clearest shift into HPC data centers. We break down a major Applied Digital hyperscaler lease, debate real-world megawatt pricing, and track how financing and permits can re-rate these stocks fast. • Bitcoin holding above $78K and what the heat map shows • IREN pullback as a potential buy zone and what to watch in results • How an ATM raise can fund data center expansion at Sweetwater • Applied Digital 15-year AI colocation lease and $/MW math • Core Scientific secured senior notes at 7.75% and why the rate matters • Keel Infrastructure permitting momentum at Panther Creek and Cantor upgrade • Cipher earnings date and what we want to hear on the next tenant • Power Analysis website features for tracking miners and AI data center contracts Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join. Let us know in the comment section below how you're feeling about the portfolio and your current top pick in the space. Make sure you guys let us know if you're gonna be in town. We'd love to meet up!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin pushes back toward the high-$70Ks and the mining stocks snap higher with it, setting up a fresh look at what efficiency and power cost really mean after the halving. We break down ABTC’s fleet upgrade math, then zoom out to why Hive and Keel are treating AI and HPC data centers as the long-game. • Bitcoin’s daily move and why miners react faster than BTC • How 24/7 trading and macro headlines shape risk appetite • Why power becomes the real product as miners add HPC • ABTC’s hash rate jump and elite joules-per-terahash efficiency • Simple profitability math using hash rate, power draw, and energy cost • Hive’s 0% coupon note and why it matters for AI buildout • Hive’s GPU roots and the push toward larger annualised HPC revenue • Keel’s Paraguay sale repriced by mining economics and difficulty • US focus, permitting steps, and why Panther Creek keeps coming up • How funding follows signed clients in data center deals Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below how the portfolio is looking today and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down why Bitcoin miners pivoting to AI and HPC are getting re-rated so quickly and why signed contracts matter more than narratives. We compare Soluna’s rapid momentum with Core Scientific’s scaled buildout, then walk through the valuation and balance sheet metrics we use to keep ourselves honest.• Bitcoin holding around the $75k range and why miner stocks still swing hard • Two clear groups forming: miners with executed AI/HPC deals versus miners still waiting • Soluna as a “no contract yet” example driven by hosting growth and visible project timelines • Core Scientific’s $3.3B secured note and what it signals about future co-location capacity • How analysts build price targets using EV/EBITDA, price-to-sales, DCF, and sum-of-the-parts • Why Bitcoin mining can command 2–3x multiples while AI data center revenue can command 15–25x+ • Execution risk as the key caveat behind forward revenue models • Debt-to-capital ratio and why higher leverage can mean higher buildout ambition • Book value and NAV per dollar invested as useful inputs that can still mislead • Cash and cash equivalents versus enterprise value and why “cash rich” is not the whole story Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down Strategy’s massive Bitcoin buy that vaults it past BlackRock’s iBit and dig into what relentless corporate demand does to real-world supply. We also map the Clarity Act timeline and pivot to AI infrastructure plays, miner economics, and the valuation metrics that can make or break Q1 earnings reactions. • Strategy adds 34,164 Bitcoin in a week and pushes total holdings past 815,000 • Strategy surpasses BlackRock iBit and reshapes the corporate holder leaderboard • Miners trend toward selling production and sometimes treasury holdings • Supply math versus demand, with Strategy buying multiples of daily issuance • Strategy MNAV premium and why premiums compress or expand • Clarity Act next steps, Senate timing, and why the next 4 to 6 weeks matter • Bitcoin’s post-crisis performance compared with gold and equities • Wall Street price targets from major firms and prominent Bitcoin voices • Soluna’s momentum, acquisitions, and hosting-led business model • HPC and AI pivots across miners and who can raise capital fast • Bit Digital’s Ethereum treasury exposure and net asset value discount • Q1 earnings catalysts, contract updates, and FASB-driven balance-sheet swings • Bitdeer’s SEAL miner efficiency gains and the case for mining plus HPC Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin rips back toward $78,000 and the miners and HPC AI names surge with it, pushing us to ask whether the bear phase is finally breaking. We dig into the data behind the move, from ETF inflows and corporate treasuries to mining profitability and the shift toward AI compute revenue. • bitcoin price momentum and what a weekend hold would signal • shifting tone from large technical accounts and why cycle lows matter • Michael Saylor and Strategy turning profitable on average cost • altcoin strength alongside bitcoin and what broader participation suggests • public companies adding bitcoin to treasury and how the top-100 bar is rising • spot bitcoin ETF demand led by BlackRock and what inflows imply • miners rebounding as bitcoin rises and difficulty eases • HPC and AI data centre revenue mix expanding across miners • hodl percent of market cap table and why Bit Digital stands out • BitFuFu hosted mining launch and S21 XP unit economics • Hive’s upsized private offering and why capital access matters • Riot Q1 setup and early AMD revenue expectations Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We dig into Soluna’s strategy at the crossroads of wind power, Bitcoin hosting and the shift toward AI and HPC data centers as the company heads into 2026. We break down the Briscoe wind farm deal, the Dorothy site buildout, and the capital plan behind turning a 4.3GW pipeline into real revenue.• Soluna’s communication style, CEO AMAs and frequent updates • Business model overview across renewable energy, Bitcoin mining, hosting and AI compute • Why hosting can stay profitable across Bitcoin cycles • Power pricing and why low cents per kWh changes everything • KATI 2 and the JV approach to AI data center development • Briscoe wind farm acquisition and vertical integration benefits • Dorothy 1A buyout and why full site control matters • Capital formation realities for billion-dollar-scale AI campuses Let Us Know In The Comment Section Below If You’re Currently Holding Shares Of Soluna And What You Think About Their Strategy In 2026!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We walk through a market pullback, Bitcoin holding near $74K, and why mining stocks can swing even when BTC barely moves. We also track the industry’s rapid pivot toward AI data centers and HPC revenue, using fresh updates from TeraWulf, BitDeer, and Riot. • Bitcoin price momentum near $74K and what a small pullback signals • Strategy’s accelerating Bitcoin treasury accumulation and the race toward one million BTC • Why hosted mining and cloud hash rate models change miner sensitivity to BTC price • Community engagement by miners and the backlash against AI data centers in Missouri • Mining stock performance heat map and the shift from pure mining to HPC monetisation • The capital requirements of HPC buildouts including PUE and per-megawatt cost math • TeraWulf’s $900M offering, credit facility, liquidity position, and Q1 2026 guidance • BitDeer’s March production, BTC sales strategy, contracted power capacity, and AI cloud ARR jump • Riot executive departure details from SEC filings and how to frame key-person risk take a second, smash a like button, guys If you’re not already subscribed, McNallie Money, feel free to join if you want some more detail on those HPC deals, Riot being one of them, available on the website along with deal breakdown and analysis!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin breaks above $75,000 and the miners finally catch a bid, turning a red tape week into deep green days. We lay out the catalysts we are watching and the data that shapes our top picks across Bitcoin, ETFs, and mining stocks. • Five-day Bitcoin move and the push through $75K • Why steady growth matters more than daily spikes • Strategy’s stretch buying and the math behind a million BTC • HODL 15 leaderboard and SpaceX joining the list • IBIT versus Strategy and how ETF flows change the story • Dividend liability questions and where payouts could come from • Clarity Act timeline and why regulation boosts confidence • AI data center demand and the power shortage narrative • Miner leaders and why small caps can re-rate fast • US re-domicile benefits and how index inclusion drives buying • Bitzero overview with power pipeline and HPC potential • Heat map performance and why we focus on buy and hold • ABTC shareholder vote plus reverse split risk • Satoshis per $1 invested chart and what it reveals • Power Analysis website tools including the data center map take a second, smash a like button, guys If you're not already subscribed, McNallie Money, feel free to join go on there and let us know your views on on BitZero!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down BitZero’s shift from Bitcoin mining toward AI high performance computing, and why predictable revenue starts to matter more than hash rate when margins get thin. We map their sites, their cost constraints, and the realistic paths to landing an HPC tenant without blowing through the balance sheet. • BitZero’s strategic pivot toward HPC and AI compute • why miners chase predictable revenue alongside Bitcoin exposure • the capital reality of tier-three data centers versus hybrid retrofits • why low power cost matters more for mining than HPC margins • site by site look at Norway, Finland, and North Dakota potential • what “location” really means: fibre, climate, security, grid readiness • partnership route with CBRE and Hydra to de risk development • Nvidia Blackwell pilot cluster as a proof of concept signal • Kevin O’Leary as a strategic investor and credibility lever • Wonder Valley in Alberta as a long range opportunity set • Clarity Act as a possible Bitcoin catalyst and why timing is uncertain Let us know your thoughts below if you’re currently holding shares, if you’ve heard of the company before. If you’re still watching, hit the like button. Feel free to subscribe.Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin rallies toward $73K as miners close the week strong and the market starts to feel like it is shifting from bear to bull. We break down the supply math behind Stretch’s buying spree, then connect the dots between AI data center contracts and how mining stocks get valued. • Bitcoin holding above $70K and what to watch into the weekend • Stretch accumulating 7,641 BTC and why that equals 17 days of issuance • Supply and demand pressure as miners choose whether to sell • CoreWeave momentum with Meta and Anthropic and spillover to Core Scientific • Why power assets matter as miners transition to HPC and AI infrastructure • Portfolio tactics like limit buys and why timing the bottom is hard • Miner heat map moves and the impact of ATM share sales • WhiteFiber NC1 build progress and execution speed as a catalyst • Bit Digital valuation discount via ETH treasury and WhiteFiber stake • BitFufu March production, cloud mining model, and treasury management • When the HPC multiple re-rate starts and why contracts lead the way Take a second, smash the like button, guys. If you’re not already subscribed, McNalie Money, feel free to join. And let us know in the comment section below how the portfolio is looking this week and your top pick in the sector currently!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a market rebound driven by shifting Iran headlines, then pressure test why Bitcoin stays resilient above $70K even as oil and inflation worries flare. We also map the AI infrastructure land grab, from hyperscaler CapEx to miners pivoting into high performance compute as the new battlefield for power and capacity. • Iran conflict headlines, oil volatility, and real-world fuel price impact • Bitcoin bounce and what the market may be pricing in • Strategy’s sustained accumulation and the path toward 1M BTC • Public company Bitcoin rankings, miners selling stacks, and treasury trade-offs • Concentration across exchanges, ETFs, and government wallets • Morgan Stanley’s Bitcoin ETF debut and supply tightening • Mag 7 performance check and why AI sentiment is turning • Amazon’s $25B Mississippi data center plan and megawatt math • Meta’s $21B CoreWeave commitment and why leasing GPU capacity wins • Miners’ HPC pivot, funding constraints, and “winners vs strugglers” split • CleanSpark Tennessee shutdown and the noise issue in Bitcoin mining • Small-site vs large-campus strategy for AI co-location deals • TeraWulf campus buildout and why scale matters for hyperscalers Before we get into it, take a second, smash the like button, guys. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below your current top pick in the sector and why! Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Geopolitical risk pushes oil and fuel higher, but Bitcoin holds up better than many would expect, forcing a rethink of how macro shocks translate into crypto pricing. We walk through miner performance, new hardware, and why AI and HPC infrastructure is reshaping what “winning” looks like for public mining companies. • Middle East deadline risk and what it does to oil, inflation pressure, and risk appetite • Why Bitcoin holding above $68K matters for miners and market psychology • Bitcoin conference updates and why hosted mining keeps showing up in the thesis • Miner stock heat map takeaways and the AI driven re-rating story • Bit Digital’s Ethereum treasury, staking yield, and discount to NAV discussion • Bitdeer SEALMINER A4 launch, efficiency claims, and payback math • CleanSpark March production, buybacks, BTC treasury growth, and HPC cost reality • DMG’s steady mining output, prefab data center units, and AI capacity plans • Hut 8 leadership visibility and why policy access matters for infrastructure plays Let us know in the comment section below how you're feeling about markets currently and your top pick in the space!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Strategy’s latest Bitcoin buy sets the tone for a strong start to the week as miners trade green despite global tension. We break down Keel’s rebrand mechanics, Riot’s Q1 production and power sales surge, and MARA’s push toward AI HPC with deeper partners and clearer messaging. • Strategy buying 4,871 Bitcoin and the supply narrative • Bitcoin trading strength through holidays and geopolitical risk • Miner stock volatility and why predictability matters • How HPC deals trigger a violent re-rate • Bitfarms rebrand to Keel Infrastructure and 1-for-1 share conversion • Keel day-one price spike and what it says about algos • Riot Q1 production drivers including hash rate and difficulty • Riot power sales growth and site megawatt capacity • Why miners may sell BTC to fund AI and HPC capex • MARA’s evolution from asset-light hosting to owned power control • MARA’s three-prong strategy: mining, AI, grid sales • Starwood and Xeon adding hyperscale and sovereign cloud capability • Key Exaion metrics: data centers, GPUs, storage, CPU cores Make sure you guys check out some of that HPC data on the website. Obviously, while you're there, you can sign up for the newsletter as well!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Soluna CEO John Belizaire right after earnings and a major wind farm acquisition to unpack what changed in the business and what comes next. We press on cash flow durability, capital raises, and why Soluna thinks power-aligned infrastructure is the path from Bitcoin volatility to AI-scale growth.• FY2025 highlights, cash growth and how hash price pressure shows up in results • Why low-cost power and scale help customers stay profitable in weak Bitcoin markets • How Soluna thinks about ROI across Bitcoin mining, hosting and AI data centers • Q1 2026 progress across Kati 1 ramp, partners and team additions • Briscoe Wind Farm acquisition, vertical integration and the “convergence” strategy • How owning generation creates flexibility, curtailment hedges and revenue diversification • The three Bitcoin models: self-mining, fixed power margin and profit share • Kati 2 and MetroBlocks, tenant demand, campus design and grid stability plans • Project Grace as an R&D pilot and how it may fold into Dorothy 3 • Dilution concerns, the $1B shelf filing context and project-level financing expectations • Near-term catalysts, AI pipeline maturation and a coming rebrand toward AI infrastructure Let us know in the comments section below if you're currently holding shares of Soluna and what you thought about their most recent results!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down Bit Digital and WhiteFiber’s 2025 results with CEO Sam Tabar and focus on what changes when a company sunsets Bitcoin mining to lean into Ethereum yield and AI data center infrastructure. We also get specific on retrofit execution, the NC1 timeline, and the financing and M&A levers that could define 2026.• repositioning from Bitcoin mining toward Ethereum and AI infrastructure • scaling an Ethereum position with staking yield as a revenue foundation • addressing CEO compensation rumors and why insider alignment matters • why Bitcoin mining economics break down as hash price declines • what “strategic asset company” means versus a pure crypto treasury • Clarity Act expectations and the path to tokenized real world assets • WhiteFiber growth drivers with cloud today and colocation long term • why 40 to 50 MW for HPC is not comparable to mining • NC1 North Carolina progress and why retrofits reduce execution risk • on-time delivery, client trust, and how penalties shape the industry • financing NC1 to recycle capital into new projects • M&A screening and interest in agentic AI plus blockchainLet us know in the comments section below if you're currently holding either one of these companies and what you thought about today's discussion!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We sit down with Ben Gagnon right after fiscal year 2025 earnings to unpack BitFarms’ rebrand into Keel Infrastructure and the multi-year pivot from Bitcoin mining to AI data center infrastructure. We dig into what is already de-risked, what still depends on permits and power contracts, and how Keel wants to turn megawatts into predictable long-term cash flows. • the three-year transformation plan and what “foundational year” really means • redomiciling to the US and why corporate structure matters to capital access • the 2.2 gigawatt pipeline and the difference between secured and expansion power • ESAs, load studies, and the milestones that unlock lease execution • Pennsylvania sites and practical questions on land readiness and build approach • why onsite generation and grid flexibility could matter for data centers • FY25 financial results including accelerated write-downs and GAAP Bitcoin marking • how and when Keel winds down Bitcoin mining including the Quebec consolidation plan • Moses Lake strategy shift from GPU as a service to colocation • capex per megawatt realities and why industry comparisons vary • supply chain changes as hyperscalers lock multi-year equipment capacity • execution risk management through permitting, hiring, and community engagement • Keel’s five-year vision as a developer and owner not an operator Before we get into it, take a second, smash the like button, guys. Big help to myself and the channel. If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comments section below what you thought of Bitfarms results and if you're currently holding shares!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We connect the latest Bitcoin price action to the bigger AI infrastructure story where power, data centers, and capital discipline decide who wins. We break down Keel Infrastructure’s rebrand and pipeline math, then dig into Bit Digital’s earnings and why co-location and cloud services are taking over the miner playbook. • Bitcoin trend update and why short-term predictions matter less than long-term positioning • Hyperscalers moving upstream into power generation and what that signals for AI demand • OpenAI pivoting toward renting data center capacity due to CapEx pressure • OpenAI’s valuation surge and what it says about the AI boom • NVIDIA’s strategic stakes and why it can act like an AI index proxy • Google TurboQuant and the fight against AI memory constraints • Miner heat map performance and the market’s focus on signed deals and near-term revenue • Keel Infrastructure rebrand, energized capacity vs pipeline claims, and the $/MW buildout reality • Co-location vs CSP risk and the “sweet spot” question on contract timing • Bit Digital earnings highlights, revenue mix shift, balance sheet strength, and discount to NAV • TeraWulf build milestones and what real HPC construction complexity looks like • Miner Madness results and what volatility teaches about the sector Let us know in the comment section below if you're currently holding shares in either Bit Digital or Bitfarms/Keel and your thoughts on these recent updates!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a market rebound across Bitcoin, the MAG 7, and miner-linked AI names, then dig into why contracts and power strategy are driving a widening valuation gap. We also break down BitFarms’ shift toward co-location, new AI data center builds in Scandinavia, and Mara’s expanded gas-to-power plan for cheaper mining.• bitcoin move toward 68,000 and the macro backdrop behind the bounce • mega cap tech green day and why it lifts miners and HPC AI plays • valuation gap between miners with signed AI deals and those without • enterprise value per megawatt as a simple re-rating framework • 401k access and Clarity Act timeline as potential crypto catalysts • CoreWeave GPU-backed financing and what it signals for AI infrastructure funding • Scandinavia as a data center cluster with lower PUE and renewable power • GPU hourly rental rates and the risk of relying on spot pricing • Bitfarms earnings highlights, cash and bitcoin on the balance sheet, and the Keel rebrand • Moses Lake strategy shift from GPU-as-a-service toward co-location • pipeline, permitting, and staged buildout logic across future sites • DMG’s defense-oriented angle with secure prefabricated data centers • Mara doubling behind-the-meter gas-to-power and the flared gas opportunity Let us know in the comment section below what you thought of Bitfarm's results and the strategic move by MARA!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We map today’s selloff across AI data center stocks and Bitcoin miners, then trace how geopolitics and energy prices bleed into inflation pressure and risk appetite. We also quantify the AI buildout with hyperscaler CapEx, GPU hour economics, and the brutal capital needs behind the HPC pivot. • oil and geopolitics driving real world cost pressure • hyperscaler AI CapEx rising toward historic levels • Nvidia profit growth as a demand signal • big tech pullback despite strong forward expectations • Bitcoin range action and why miners stay volatile • ABTC growing its Bitcoin treasury as Strategy pauses • Bitdeer’s 180MW Norway AI data center plan • supply chain bottlenecks like transformers and switchgear • Riot’s vertical integration advantage via ESS Metron • Iren Sweetwater capacity framing in GPUs and GPU hours • revenue sensitivity to utilization and contracted rates • Soluna’s earnings focus on capital formation and build costs • behind the meter wind power lowering blended electricity rates • Miner Madness standings and how fast markets flip Before we get into it, take a second, smash the like button, guys. If you're not already subscribed, McNallie Money, feel free to join. Let us know in the comment section below how you're feeling about the market right now and if you're making any trades in your portfolio!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

The market sells off again, and we zoom out to explain why macro pressure and geopolitics can hit everything from the Mag 7 to bitcoin miners. We translate the AI buildout into real power numbers, then dig into why access to electricity and generation is becoming the deciding edge for hyperscalers and miners alike. • data center and AI infrastructure stocks getting hit alongside broad indices • Mag 7 year to date drawdowns and why zooming out matters • oil, diesel, and natural gas rising and the knock on effects • why higher power costs can squeeze bitcoin mining margins • AI data center capex reaching historic levels and what it means in gigawatts • AI adoption growth driving demand for compute beyond text into video and images • hyperscalers buying sites and locking up capacity with examples from Meta, Google, and Microsoft • why miners with ready power still have leverage in a power constrained market • bitcoin price pullback versus adoption progress and cycle thinking • miner stock performance and the urgency to add HPC revenue • “go ahead” contracts as the trigger for re rating HPC colocation stories • bring your own generation as a shortcut around interconnection queues • GPU depreciation versus real world lifespan and why older GPUs can stay profitable • Miner Madness standings update and what could change the leaderboard Before we get into it, take a second, smash a like button, guys. If you're not already subscribed, McNally Money, feel free to join. And let us know in the comment section below if you think we're going lower from here or if you think we've hit bottom. Let us know your thoughts below, you guys, on the situation with the hyperscalers, the Mag 7, Bitcoin price, where you think bottom is, and how the miners are positioned as we head into April!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track a rough day for Bitcoin and miner stocks while the long-term adoption narrative keeps getting stronger through crypto-backed mortgages, bank integration, and retirement-account access. We also break down WhiteFiber’s earnings and Mara’s decision to sell Bitcoin to retire $1B of convertible debt, weighing balance-sheet logic against treasury strategy. • crypto-backed mortgages through custodial structures like Coinbase Prime • why over collateralisation helps borrowers avoid selling and tax events • TradFi and DeFi convergence as banks add native Bitcoin access • short-term Bitcoin headwinds tied to geopolitical uncertainty • miner heat map read-through and why zooming out matters • Hive’s BuzzHPC expansion with Bell Canada and sovereign AI framing • WhiteFiber Q4 results across revenue, adjusted EBITDA and margins • stock-based compensation as a key quality signal versus peers • net asset value comparisons and why balance sheet strength matters • Mara selling 15,000+ BTC to repurchase $1B in convertible notes • the debate on timing, dilution, debt reduction and an AI HPC pivot Take a second, smash the like button, guys. If you're not already subscribed, McNally Money, feel free to join. And let us know in the comments section below what you thought about today's headlines and how you're feeling about the sector as a whole as we enter April!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin climbs above $71K as miners trade greener and the conversation shifts from pure hash rate to power as the real scarce asset. We break down new data center policy, GPU pricing math, and the latest hyperscaler moves that are reshaping crypto mining stocks into AI infrastructure plays.• Bitcoin holding up amid macro and geopolitical pressure• Pennsylvania data center regulation focused on grid costs and clean energy sourcing\n• GPU spot rate spikes and what they imply for payback periods• Iren’s long-term GPU contract economics and the gap to spot pricing• Tokenization of stocks and ETFs as a catalyst for new settlement rails• Strategy’s share price threshold and implications for Bitcoin buying• Miner heat map performance and what is driving the sector• Cipher’s 15-year hyperscaler lease plus revolving credit facility details• Analyst price target update and what it signals for HPC hosting demand• CleanSpark preferred dividend removal and concerns around voting power• CleanSpark RSU and PSU targets tied to share price and data center scaling• Hut 8’s modular approach to pivoting from mining to AI contractsHit the like button. Feel free to subscribe!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Markets get hit by rising energy stress while oil disruptions ripple from refineries to household bills and supply chains. We connect that macro squeeze to Bitcoin, big tech drawdowns, and the real bottleneck behind AI growth: power that can be delivered right now.• Valero Port Arthur refinery fire and why timing matters for oil supply• Fuel price spikes and the knock-on effects on heating, transport, and consumer prices• Mag 7 weakness as supply chains and energy costs bite• AI compute demand outpacing grid investment and the long nuclear timeline• Why miners sit in the “energy window” as near-term AI infrastructure• Bitcoin’s short-term drawdowns versus a long-term holding mindset• Miner stock performance and how HPC contracts change margin quality• TerraWulf’s strategy, long-duration co-location deals, and execution credibility• ABTC’s “build more power” thesis and the impact of high-profile advisors• MARA’s stance on keeping Bitcoin mining while expanding into inference services• IREN comments from GTC about nonstop GPU demand and “time to compute”• Bitdeer SEALMINER A2 order and why efficiency and manufacturing scale still winLet us know your thoughts on the oil situation, energy, and Bitcoin discussed in today's podcast. Hit the like button, feel free to subscribe.Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Charley Brady joins us to unpack BitFuFu’s fiscal 2025 results and why cloud mining contracts now anchor the business. We press on self-mining economics, Bitcoin treasury decisions, and the real trade-offs behind the industry rush toward AI and HPC.• FY2025 revenue drivers and segment mix shifts toward cloud mining• Dynamic allocation of hashrate between self-mining and cloud contracts• Why retention and demand dynamics support cloud mining growth• How contracted revenue reduces earnings volatility tied to Bitcoin price• Geographic footprint of cloud mining users and why the US is excluded for now• Compliance limits via KYC and restricted-country policies• AI and HPC data centre diversification economics and why BitFuFu stays cautious• ASIC fleet roadmap including S19 to S21 upgrades and evaluating new models• Bitmain framework agreement terms and cash flow implications• Energy costs, tariffs, and Ethiopia power-pricing changes• Bitcoin treasury and HODL posture versus peers selling• Capacity constraints, leased hashrate pricing, and scaling bottlenecks• M&A opportunities as weaker operators exit or recapitalise• Share float structure and why the stock can whipsaw• Stock-based compensation staying low after a one-time catch-up quarterLet us know in the comment section below if there's any additional questions or thoughts, and we'll see you back here tomorrow!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin and equities snap back as geopolitics cools and oil drops, setting up a stronger start to the trading week. We connect the macro headlines to Bitcoin’s sudden rally, miner performance, and fresh company news from Cipher Digital, Bitfarms, and Core Scientific. • Geopolitical tension easing and why it lifts indices, commodities, and risk assets • Oil, gasoline, and logistics costs as a fast transmission channel into the economy • Hyperscalers and AI capital expenditure expectations into 2026 • Bitcoin’s rapid move toward 71K and the pullback dynamic • Strategy’s continued Bitcoin accumulation and new funding optionality • Kazakhstan’s increased Bitcoin and crypto buying plan and the sovereign race narrative • Miners turning green and why HPC deal exposure supports relative strength • Cipher Digital insider sales and how to interpret director transactions • Bitfarms shareholder approval for US redomiciliation and Keel Infrastructure rebrand • Core Scientific expanding its JP Morgan facility to $1B and what the rate implies • Poweranalysis.io domain migration and Miner Madness 5.0 leaderboard update Before we get into it, take a second, smash the like button, guys. If you’re not already subscribed, McNallie Money, feel free to join. Let us know in the comments section below how you’re feeling about Bitcoin and your top pick in the space currently. Poweranalysis.io is the new URL!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin drifts lower while miner equities fade into the week’s close, so we zoom out and focus on what actually drives durable value in this sector. We break down BitFuFu’s full year earnings, then connect the dots to the AI data center boom where power access and construction timing are becoming the real choke points.• Bitcoin price action and why miners trade weak on red days • How share price levels and capital raises can feed Bitcoin treasury strategies • BitFuFu’s cloud mining focus and what scale looks like at 675,000 users • Revenue mix and hash rate capacity growth as core operating signals • Why net losses can be dominated by non-cash fair value hits and depreciation • Stock-based compensation compared across miners and big tech benchmarks • Data center construction surge and why GPUs multiply total capex • Power availability as the bottleneck and why miners can partner with hyperscalers • Examples of HPC and AI deals plus the economics of retrofits versus new builds • Community impact from large campuses including jobs and tax revenue • Contract length, escalators, and penalties plus the risk of non-delivery • US advantage versus Europe on electricity prices and what that means for buildouts • Early signs of expansion interest outside the US including AustraliaNewsletter comes out today, so feel free to sign up 100% free, delivered weekly to your inbox!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin slips under $70K and we zoom out to separate short-term noise from the bigger cycle picture. We then dig into how miners are changing, why HPC AI keeps showing up in valuations, and what upcoming earnings could reveal.• Bitcoin’s one-month trend versus daily volatility and cycle comparisons • Miner stock moves and why volatility looks different lately • How HPC AI optionality may cushion miner drawdowns • Argo’s Helios sale and why data centre assets can be mispriced • BitFuFu’s cloud mining model, customer scale and fleet efficiency • Marathon’s shift away from ATM dilution and the debate over selling HODL • Treasury value versus market recognition and what “discount to Bitcoin” implies • WhiteFiber as a pure play HPC benchmark ahead of earnings • DMG’s SCIF rollout at Christina Lake and the logic of proving HPC first • Hashprice pressure, difficulty adjustment relief and rising energy-cost risks If you're not already subscribed, McNallie Money, feel free to join let us know in the comment section below how you're feeling about Bitcoin and your top pick in the space currently!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We track the market’s mixed mood as Bitcoin cools off, miners trade red, and macro pressure pushes crypto to move more like tech stocks. Then we zoom in on the real story: NVIDIA GTC and a wave of miner moves that reposition cheap power and data centers as the foundation layer of the AI economy. • Bitcoin price pullback tied to broader risk-off markets and oil pressure • Strategy’s aggressive Bitcoin accumulation and the supply implications • MasterCard’s crypto acquisition as a sign TradFi rails are merging with digital assets • SEC taxonomy shift toward “digital commodities” and why clarity matters • Miner heat map read-through and the idea of volatility coming out of the sector • Hive Digital’s Buzz HPC going live in Paraguay and what tier three hosting enables • Data center build economics and why capital structure matters for HPC expansion • ABTC treasury updates plus sats per share versus sats per $1 invested • IREN’s GPU buildout and the practical swap from ASIC mining to HPC revenue • NVIDIA GTC takeaways including the “five layers of AI” and why power leads the stack If you're not already subscribed, McNallie Money, feel free to join and let us know in the comments section below how you're feeling about the AI space currently and your top pick in the sector!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin holds near $74K while corporate buyers that were absorbing thousands of coins per day hit pause due to dividend mechanics and par-value rules. We also dig into miner valuations, the rush toward AI and HPC data centers, and why Bit Digital and Bitfarms sit at the center of the next power-driven cycle. • Bitcoin price action around the $74,000 level and why momentum cooled • Geopolitical risk, oil prices, and knock-on inflation effects • Strategy and Strive products pausing issuance below $100 par value • Treasury concentration fears versus shareholder ownership reality • Miner heat map signals and the split between BTC correlation and HPC winners • HODL market cap discounts for names like MARA and DMG • Bit Digital’s shift into Ethereum and NAV discount discussion • WhiteFiber AI and HPC growth with large contract economics • Real world asset tokenization growth and Ethereum’s role • Bitfarms earnings timing, KEEL rebrand, and US relocation thesis • Power infrastructure bottlenecks and phased buildout funding math If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comment section below what you thought of today's discussion and if you're holding either one of these stocks!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin grinds against $74,000 again, and we break down what the repeated tests mean for momentum in both BTC and miner stocks. We also track how miners are re-rating around AI data centers, HPC contracts, and the capital needed to build at scale. • Bitcoin resistance at $74,000 and what a clean break could signal • Strategy’s latest Bitcoin buy using Stretch and the dividend funding question • Rapid growth in corporate Bitcoin balance sheet adoption • US AI data center buildout by state and the rising power demand narrative • Miner stock performance snapshot and why AI multiples beat mining multiples • Colocation versus CSP models and why both can win • Hud 8 and American Bitcoin structure plus Sue Ennis shifting into AI robotics • BitDeer February ops report, Bitcoin sales, power scale, and SEAL miner updates • BitFufu earnings watch and the cloud mining margin model • Hive Buzz HPC expansion with Bell Canada and projected revenue ramp • TerraWulf Kentucky site financing math and megawatt build cost scenarios Take a second, smash the like button, guys. If you’re not already subscribed, McNallie Money, feel free to join. Let us know in the comment section below how you’re feeling on both the Bitcoin front and in terms of your portfolio. Hit the like button and we’ll see you back here tomorrow!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Bitcoin keeps swinging under a stubborn resistance zone, but the bigger story is the flood of capital pushing steady accumulation through Strategy’s Stretch product. We break down what that means for Bitcoin demand and why miners like Mara, Hive, and DMG are taking very different paths toward HPC and AI.• Bitcoin volatility and the repeated push toward 74K • Why Stretch aims to hold near $100 par • How monthly dividends interact with price action • Record Stretch volume and what it funds • The pace of Strategy’s Bitcoin accumulation • Miner heat map takeaways and Mara’s relative strength • Hive’s robotics partnership and GPU cloud positioning • DMG’s modular skiffs and Christina Lake power expansion • Firm vs non-firm power and why it matters for HPC • What a 50 to 60MW compute deal could mean financially • Mara’s Starwood joint venture and the risk-reward trade-off • GPU obsolescence risk and contract penalty risk • Clarity Act implications for crypto and Bitcoin adoption Take a second, smash a like button, guys. If you're not already subscribed, McNallie Money, feel free to join!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down IREN’s latest strategy shift toward AI compute, using Daniel Roberts’ recent interviews and earnings themes to stress-test our investment thesis for 2026 and beyond. We compare CSP GPU-as-a-service with HPC co-location and focus on what actually decides outcomes: capital costs, build speed, and execution under contract deadlines. • bitcoin price action, volatility, and the rising Bitcoin Nasdaq correlation • miner stock heat map read-through and why IRIN stands out • IRIN’s “three Cs” framework: capacity, customers, and capital • the $6B ATM and how it fits into a broader funding toolkit • the 50,000 GPU purchase, timing, and pricing risk in the supply chain • speed to data center vs speed to power and why delays can crush estimates • CSP vs co-location trade-offs including GPU lifespan and asset optionality • Core Scientific’s co-location scale as a comparison point on CapEx and delivery • air-cooled GPU demand, retrofit potential, and faster time to compute • Sweetwater’s secured power, batching, and what Texas expansion could mean • competitive moat: founder-led execution, team strength, and the pivot beyond Bitcoin mining economics If you're not already subscribed, McNallie Money, feel free to join. And let us know in the comments section below if you're currently holding IREN and how you feel about their prospects in 2026!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down how Strategy’s Stretch turns equity into continuous Bitcoin demand, why that flow could reset BTC’s floor, and how miners are pivoting to HPC and AI with real contracts, cheaper power, and smarter cooling. From Core Scientific’s F1 partnership to WhiteFiber’s 10-year deal and Hive’s hydro edge, the signals point to a deeper shift in digital infrastructure.• Bitcoin range-bound under macro pressure and energy shocks• STRC enabling nonstop BTC buying near the 100 mark• Scarcity math with 20m mined and long tail to 21m• Miners’ dual exposure via HODL and production• Soluna’s metrics, hosting growth, and wind-backed power• Core Scientific building Cadillac F1 data hub• Bit Digital’s WhiteFiber landing NScale’s 40 MW, 10-year contract• Hive tapping Paraguay hydro for mining and future HPC• Cooling strategy, PUE trade-offs, and Texas vs cold climates• Marathon signaling an HPC pivot and investor updatesLet us know in the comment section below what you think about Strategy and Stretch, and if you're currently holding either one of these!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Markets braced for a selloff, yet Bitcoin firmed and miners held up as corporate adoption widened and AI data center demand stayed hot. We break down Saylor’s buy, miners’ treasury pivots, oil’s surge, and why Bitfarms, Core Scientific, and IREN are leaning into HPC.• Bitcoin recovery toward 69k and recent pullback context• Saylor’s billion-dollar buy and corporate balance sheet growth• Miners selling BTC to fund opex and capex• Adoption surpassing gold and ETF-fueled access• PlanB’s forecast versus bearish prediction markets• Oil above 100 and rising power costs• Oracle data center noise, Meta interest, demand still strong• Bitfarms’ senior hires and HPC buildout• Core Scientific’s 730 MW capacity expansion and Hunt Campus• IREN’s ATM clarity, GPU-first CSP strategy, Sweetwater timingMake sure you check that out on the power analysis website!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

Policy clarity, bank strategy, and tokenization converge as Bitcoin chops under 70k while miners pivot toward AI and greener power. We track institutional signals, sovereign interest, and how operators like DMG and Bitfufu manage volatility with smarter power and hosting models.• price whipsaws and miner underperformance on a red day• regulatory momentum around the market structure bill and passage odds• banks weighing crypto services against shrinking deposit spreads• RWA tokenization of treasuries and broader assets becoming standard• institutional inflow thesis from leading investors and advisors• Kazakhstan’s reserve allocation plan and timing implications• AI data center scale versus miner buildouts across gigawatts• Bitfufu’s global hosting and cloud hashrate stabilizing results• DMG’s Christina Lake expansion, curtailable power, and RNG backup• February production metrics, efficiency, and treasury moves at DMG• HIVE governance votes, comp alignment, and investor expectations• newsletter updates, data resources, and weekend replay suggestionsSign up at the Power Analysis website for the Friday newsletter and catch the latest interviews and data!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]

We break down IREN’s 50,000-GPU order, the new $6 billion ATM, and the Dell Canada supply deal, then test the revenue math, payback, and build timelines against today’s volatile mining backdrop. We also scan updates from Bit Digital, BitFuFu, CleanSpark, and Core Scientific to frame the capital landscape.• bitcoin and miner price moves shaping sentiment• bit digital’s ethereum treasury and staking yield• bitfufu’s production mix and cloud margin resilience• cleanspark efficiency, curtailment and capacity adds• core scientific’s lower-cost debt facility• Iren’s b300 order size, cost and arr math• dilution versus debt trade-offs in the $6b atm• likely deployment across childress, mackenzie and sweetwater• payback horizon, utilization risk and pricing durability• analyst upgrades and community reactionsLet us know in the comment section below what you thought about Iren’s news last night and if you’re buying or selling based on that press release!Anthonys Info:Website:https://www.powermininganalysis.comX: https://twitter.com/cazenove_ukPatreon:https://www.patreon.com/Cazenove_UKBryce's Info:X:https://twitter.com/McnallieMPatreon:https://www.patreon.com/McNallieMoneyMerch:https://shop.mcnalliemoney.com/Website:https://www.mcnalliemoney.comBusiness Inquiries:Email - [email protected]