@FloodCapital @zephyr_z9 Compared both, seems like $GLXY got indeed the better deal
Also doesnt take on the GPU risk
x.com/i/grok/share/O…
English
Max
3.3K posts
@zephyr_z9 $GLXY has a much better deal
Duncan@FloodCapital
Loaded 2026 $GLXY calls today, $GLXY selling off with crypto (great opportunity to buy). When this next 800MW gets approved things will get silly, $MSFT, $AMZN and $GOOG diving head first in with the Bitcoin Miners, they are desperate for power. $IREN is spending $8.8B in CapEx (200MW * $15M = $3B for Data Center build + $5.8B in GPU's) to generate $9.7B in total revenue (*85% EBITDA margins) = ~8.25B in EBITDA.... I am sure a @RHouseResearch smackdown inbound. This makes $GLXY contract with $CRWV look amazing, $6-7B in CapEx for $16.2B in EBITDA! (+ no complexity in managing GPU's!) Can't wait for the next 800MW to be approved and them locking down a big tech tenant + further legitimizing the 2.7GW they have understudy. Capital Group also bought ~$0.5B of Galaxy at $36 so getting in cheaper then them feels like a steal!
English
Looks like I did the math wrong
Site conversion will cost them $15M/MW rather than $5M/MW, so over $3B for 200MW
They will have to spend $8.8B in CAPEX for $9.7B in revenue
They are assuming 85% EBITDA margin, so they are generating $8.245B in EBITDA
Absolutely shit deal for $IREN
Thanks, @RHouseResearch, for correcting me
Zephyr@zephyr_z9
How much net profit are they generating on this?? $9.7B - $5.8B = $3.9B Site conversion would cost them $5M per MW, so $1B (They converted 75MW capacity for $350M) Assuming OPEX is 10% of revenue, then $1B $IREN has to fund $5.8B-$1.9B= $3.9B of GPU purchases on their own They have $500M in cash on the books I doubt they will spend it all on buying GPUs for MSFT If they YOLO it on MSFT, then they will have to raise $3.4B in debt to fund it (probably at 10% interest) Total interest payment will be $1.7B (over 5 years) So net profit will be: $3.9B - $1B - $1B - $1.7B = $200M 🤡🤡🤡
English
Max retweetet
A historic first: We’ve partnered with @superstatefunds to allow stockholders to tokenize and hold $GLXY shares onchain. This milestone marks the first time a public company has tokenized its SEC-registered equity directly on a major blockchain. Effective immediately, stockholders can now tokenize their GLXY shares through Superstate’s Opening Bell platform.
English
Max retweetet
Max retweetet
Cosmonauts,Go Vote!
#996: Revert Community Pool Tax Rate to 2%
mintscan.io/cosmos/proposa…
English
Max retweetet
For my degen cosmonauts who are currently using magma vaults, for the moment you cannot see the rewards and profitability of the position, so I made a google sheet to estimate the rewards earned taking into account pool rebalancing, feel free to make a copy to know how much you earn using @magmavaults : docs.google.com/spreadsheets/d…
English
@0xKobble @InfraredFinance @SolvProtocol @KodiakFi @beraborrow @berachain There are also a lot of other fees
0.5% borrow fee, 0.1% withdrawal fee for your position, 1.5% deposit fee in the snect pool and another 0.3% withdrawal fee from the pool
You have to spend 2 weeks + just to be breakeven if the apr stays around 50%
English
Best BTC yield is on berachain
Stack @InfraredFinance onto one of the two @SolvProtocol concentrated @KodiakFi islands ~5-20%
Pretty good… Theres more
Use this Island as collateral to mint NECT on @beraborrow and deposit into autocompounder ~ 50-75%
Assuming 200% CR minus interest ~ 14-31%
Thats = 19-50% on principal !!!
All paid in your collateral & stables
English
Max retweetet
The first draft for @JunoNetwork Roadmap proposals (6) is out.
github.com/CosmosContract…
Please provide feedback with what you think, I'm opening a thread on the forum too, or you can simply use GitHub issues / pull requests.
Next week I'll host an X space to explain the whole concept, which might not be super obvious from just the proposal text, and answer any questions you have.
Take this as an initial draft, budgets can be adjusted, terms can be added, we are open to any suggestion!
Thanks to my team @kintsugi_tech and @vexxvakan for the help shaping this!
English
@margined_io @Deploydon Would be great to show how much we can withdraw :)
English
@margined_io It seems withdrawals might be broken?
Indicates insufficient funds, happens for a few people.
Once resolved, I'll get the vaults listed on APY.zone too!
In the screenshot I'm testing withdrawing from the Atom vault on Neutron.
English
Max retweetet
✦ 3 Days Left Until Next Epoch Begins
Have you noticed that emissions have already reached the cap of 1.4M?
This means that $ASTRO buybacks from fees this last epoch are even higher (over 1.25X)!
English
Max retweetet
Got your $USDC stuck in @TeamKujira lending platform?
No worries at least you’re earning crazy APR % whilst they try and fix it 💸
Oh wait it just got arbitrarily fixed at 15% max. No announcement, no governance.
English
Max retweetet
Have mounting evidence pointing to the identity of the Terra hacker
If you're reading this, come forward to negotiate return of funds in exchange for a bug bounty
Otherwise, will be forced to go public with what we have and bring in law enforcement. Don't ruin your life over this
English
Max retweetet
Max retweetet
@gadikian @epanchee @terra_money it's ofc can be circumstantial but there's a Notional employee that's called like this and uses the same user account name #L16" target="_blank" rel="nofollow noopener">github.com/baabeetaa/chai…
English
Max retweetet
🏛️ $JUNO Community Call Replay
📅 𝗗𝗮𝘁𝗲: May 29th, 2024
✍️ 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: Stake drop plans, Proposal reviews, NFT cross-chain transfers, Council restructuring, Treasury updates, and more!
🎧 𝗔𝘂𝗱𝗶𝗼: open.spotify.com/episode/48dZq4…
English
Sorry folks had to do an emergency pick up at school. So can’t host at this time. Let’s see if we can reschedule this in soon
Junø@JunoNetwork
Unfortunately we have to postpone Community Call #27 , we will announce a new date as soon as possible!
English
Max retweetet
🎙️ $JUNO Community Call #27
📅 Monday June 10th — 01:30 PM (UTC)
📍 Hosted by @JunoNetwork
🗣️ Organized by @JunoCommsDept
🌌 Space → x.com/i/spaces/1rmxP…
English
Max retweetet
🎯 TFM is revolutionizing interchain transfers! Send tokens between any IBC-enabled Cosmos SDK chains. Swap Juno tokens for assets on other chains. Simple and efficient with TFM. 🚀
🔔 Stay tuned for the full interview soon with @tfm_com & @JunoCommsDept
English