Ben gravel

@HChalvignac Non 😳

Pour ma part, c’est non, mais pour vous ?’

@BrandonWealth @VeerOlivier Same 👌

@VeerOlivier Love $CAGE.TO Great etf

Canadian banks just dropped another set of bangers 🇨🇦🏦 - $RY.TO: $3.90 adj EPS beat +25% net income, raised dividend 7% to $1.76 - $TD.TO: $2.38 adj EPS beat, record wealth & capital markets - $CM.TO: $2.54 adj EPS beat +23% profit growth Big 6 looking rock solid again! Anyone adding bank exposure here? $RY.TO $TD.TO $CM.TO $BMO.TO $BNS.TO $NA.TO

@colintrades1 @datacentredanny

Morgan Stanley on $GLXY Imagine how much this pumps once BTC finds a bottom and AI compute is still the dominant narrative

@StephRDSJunior Plus de gym +meilleur encadrement scolaire X10+ moins de Bus 🥴 ça donne ça 😎

Ca commence à en faire quelques uns de 19 ans qui quittent Lacelle, Villeneuve, Morrison... Je ne comprends pas l'empressement - la #NCAA sera toujours là l'année suivante Aimes tu mieux être un élément de 1er plan dans les rangs junior ou une recrue de 4e trio dans la #NCAA

@HIVEDigitalTech @bulldogholmes

Executive Chairman @bulldogholmes: "We believe we are well positioned for one of the most significant growth periods in our history." FY2026: 🔹 $297.8M revenue. +158% YoY. 🔹 Gross margin up 329%. 🔹 $35M HPC ARR, pathway to $660M. investing.com/news/analyst-r…

@datacentredanny @YodaStockInvest Yoda don’t like Galaxy 🤪

@YodaStockInvest $GLXY to 100B is a lock 🫡

Betting my net worth on these 9 stocks (long-term): $AMD to $2T+ MC $NBIS to $200B+ MC $IREN to $100B+ MC $SOFI to $200B+ MC $HIMS to $100B+ MC $ASTS to $200B+ MC Kraken Robotics $PNG.V to $20B+ MC $ONDS to $30B+ MC

@NicolasFlamelX @LemayPhilippe regarde ça , full hot 😎

Yes — this does sound like new / underappreciated information, and I think you’re reading it correctly: he’s hinting that $GLXY sees Helios not just as a data center asset, but as a wedge into energy trading + compute trading + financial markets around AI infrastructure. The key point is this: Galaxy does not want to spin off / separate Helios too early because the combo of power + compute + trading desk may create optionality that a standalone data center company would not capture as well. Galaxy was scheduled to discuss digital assets and HPC data centers at the Piper Sandler Global Exchange & FinTech Conference, with the focus including AI’s power and compute needs. What he’s saying in plain English He’s making four separate points. 1. “We already raised the capital” He’s saying: we don’t need to issue equity right now to build the first Helios section. That matters because one of the bearish fears has been: “Galaxy will need to raise capital / dilute shareholders to build Helios.” His answer is basically: For the first phase, no. We already have the capital. We want optionality, not survival capital. That’s bullish, assuming true. 2. “We’re a huge natural buyer of power” This is the really important part. If Helios becomes a large HPC/data center campus, Galaxy will be buying a massive amount of electricity every year. He says “multi-hundred million dollar natural buyer of power every year.” That means Galaxy will have direct exposure to: electricity prices power contracts grid congestion power volatility renewables/intermittency hedging needs physical power markets A normal data center company might just see that as a cost. Galaxy sees it as a tradable market. His logic is: If we’re already buying enormous power, and we already have a global trading business, why wouldn’t we eventually trade power too? This is very Galaxy-coded: they turn balance sheet exposure into a market-making/trading opportunity. 3. “Compute derivative markets” This is the wildest part. He’s saying that as AI infrastructure grows, there may eventually be markets around compute as a financial commodity. Think of it like this: Oil has futures. Electricity has futures/swaps. Natural gas has hedges. Freight has derivatives. Carbon has credits. Bitcoin has futures/options. Now imagine AI compute becomes scarce and valuable enough that people want to hedge or speculate on it. So “compute derivatives” could mean things like: contracts tied to GPU-hour pricing, cloud compute capacity, AI training/inference costs, or future availability of compute. Example: A startup knows it will need huge GPU capacity in 12 months. It fears GPU compute prices will rise. It might want to lock in future compute pricing. Or a company with excess contracted GPU capacity might want to hedge the risk that compute prices collapse. Galaxy is saying: We already understand derivatives, trading, liquidity, warehousing risk, and volatile scarce assets. If compute becomes a tradable market, we may be structurally positioned to participate. That’s not a normal data center thesis. That’s a market-structure thesis. 4. “This is why we don’t want to separate the businesses yet” This is probably the answer to a question like: Why not spin off Helios / separate the data center business so investors can value it cleanly? His answer: Because if we separate it too early, we might give up the synergies between Galaxy’s trading business and Helios. This is important. The market may want a clean data center spinco because it would be easier to value. But Galaxy is saying the messy conglomerate structure may actually contain hidden upside because Helios could feed new trading markets. The deeper read … 1/2

@womengrom @TheBestqueenx Hahaha wow

The best example of not celebrating too early.

@PerseusLeGrand Grandiose 👌

Je vois tellement d'avis différents sur la Sagrada Família… Pour vous, c'est une merveille architecturale ou pas ?

@GlobalWatchClub Nice 👌 but too small 39mm ... Need 42mm or 43...i have a Ultra titanium and it s perfect 😜

Tudor have just released a NEW Blackbay 39 Chronograph 'The Bumblebee' Do you like it?

@TheFourthPeriod @MikLalancette Haha imagine the choc for Matthews 🤪😂😂😂

Can confirm the Maple Leafs have received permission from the Islanders to interview Patrick Roy for their head coach vacancy.

@DailyFaceoff @chrismpeters @EmptyNettersPod They need 2 i think 🥴🤪😂😂

"[Toronto] needs a top pairing, minutes eating, legitimate #1 defenceman, but..." @chrismpeters discusses the NHL Entry draft and who #LeafsForever should take first overall, @EmptyNettersPod on Vegas' game one win over Carolina & Flyers' Director of Player Development @rilesarmy dives into their prospect pool. @JLazzy23 | @ColbyCohen36 🎧: shorturl.at/GInwj 📺: shorturl.at/rINYv

@citchmook Mac was not patient enough, spécialy with 2c in 2022, and with Byram 🥴not Lucky too with Landeskog and Nicu stuff 😉but lots of good trades

I know Joe Sakic was involved with moves when CMac became GM but there was a clear change in style and approach after MacFarland took over. Quality slightly dropped. Many good moves, some bad. Once Sakic took control after Roy's departure, it felt like he rarely missed.

@NicolasFlamelX @randgroup How Come they dont name $Glxy is So weird 🥴Helios is one of the biggest DataCenter +Crwv as clients with 15y/15B contract already 🙃🤪😂

@randgroup Soon they will talk about $GLXY

Every hedge fund I respect is suddenly talking about the same thing, and... it is not the chips. It is the one bottleneck that breaks the entire AI story if it is not solved. Around 20 public companies sit on it. I put them all in one map across 5 layers. Let's dive into it 🧵 Here is the thing nobody priced in two years ago. We spent a decade with flat electricity demand in this country. Utilities planned around it. Then AI showed up asking for gigawatts at a time. The Electric Power Research Institute now thinks data centers could eat 9% to 17% of all US electricity by 2030, up from roughly 4% in 2023. Former Google CEO Eric Schmidt told Congress the sector may need 67 more gigawatts by the end of the decade. That is not a tweak to the demand curve. That is a new industrial revolution landing on a grid built for a different century. Every company below sits somewhere between a power plant and a server rack. This is the map. 🔌 POWER GENERATION & UTILITIES Start at the source. These are the companies that actually make the electrons. For years this was the most boring corner of the market: regulated returns, slow growth, dividend investors only. Then the hyperscalers started signing power contracts directly with generators, and the whole category repriced. $VST Vistra This is the one I watch most closely in the group. Vistra signed Meta to a power purchase agreement for roughly 2,600 megawatts at its PJM nuclear sites, which tells you everything about where this is going: tech giants are now buying nuclear output directly. Q1 2026 adjusted EBITDA hit a record for a first quarter at $1.494 billion. They have hedged almost all of their 2026 generation, and they have bought back about 30% of the company since late 2021. A generator that trades like a buyback machine with an AI tailwind bolted on. $CEG Constellation Energy The largest nuclear fleet in the country, and the company that put nuclear back on the front page when it agreed to restart Three Mile Island for Microsoft. In January it closed the $21.8 billion Calpine acquisition, adding around 23 gigawatts of mostly gas and renewable capacity, and Q1 2026 revenue more than doubled the year before to $11.1 billion. The thesis is simple: when an AI company wants carbon free baseload power tomorrow, there are very few phone numbers to call, and this is one of them. $GEV GE Vernova If you only own one name in this entire map, my honest take is that it should probably be this one. GE Vernova makes the gas turbines and the grid equipment, the literal picks and shovels of the buildout. In a single quarter its Electrification segment booked $2.4 billion in data center equipment orders, more than it booked in all of 2025. Total backlog sits around $163 billion and management pulled forward its $200 billion target to 2027. The gas turbine backlog jumped from 83 to 100 gigawatts in one quarter, and they are raising prices into that demand. This is the cleanest expression of the trade. $BEPC Brookfield Renewable Note the ticker: this is Brookfield Renewable, $BEPC, not the $BE on most charts (that is Bloom Energy). Brookfield operates about 47 gigawatts and is developing a pipeline north of 200. It signed a framework with Microsoft to deliver over 10 gigawatts, roughly eight times the size of the largest single corporate power deal ever signed before it, plus a multi gigawatt hydro deal with Google. It also owns about half of Westinghouse alongside Cameco. The patient, contracted, dividend paying way to play the same wave. ⚛️ SMALL MODULAR REACTORS Now the speculative end. The promise here is clean, firm baseload power in a compact box you can site right beside a data center. The catch: almost none of these are producing commercial power at scale yet, so you are buying a timeline as much as a company. Price that carefully. $OKLO Oklo The most exciting and the most expensive name in the room. In May the NRC approved the principal design criteria for Oklo's Aurora powerhouse in under half the usual review time, a real regulatory step forward. The customer pipeline is around 14 gigawatts, anchored by a 12 gigawatt agreement with Switch and a 500 megawatt deal with Equinix, and it added a research partnership with NVIDIA and Los Alamos. Just remember Oklo plans to build, own and operate its reactors and has essentially no revenue yet. This is a call option on a 2028 plus story. $SMR NuScale Power The one with the regulatory lead. NuScale has NRC design approval for both its 50 and 77 megawatt modules, which genuinely derisks deployment. It is sitting on about $1.2 billion in liquidity and is working toward a definitive power agreement with TVA through its ENTRA1 partner, with its first project tied to RoPower in Romania. Revenue was a rounding error last quarter because the licensing work wrapped up, so this is still a story about getting the first units in the ground. $BWXT BWX Technologies The adult in the room, and the name I would own if I wanted nuclear exposure without buying a lottery ticket. BWXT actually makes money: Q1 2026 revenue of $860 million and net income of $91 million, and it raised full year guidance. It builds reactors for the US Navy, produces medical isotopes, and just acquired Precision Components Group to push into commercial nuclear manufacturing. While the SMR startups sell the future, this one sells into it today. $XE X-energy Brand new to the public market. X-energy IPO'd on April 24 at $23 a share, raised about $1.02 billion, and came out around a $12 billion valuation with Amazon as its anchor backer holding nearly a third of the company before the listing. It pairs an 80 megawatt reactor design with its own proprietary TRISO fuel, and its order book already tops 11 gigawatts including Amazon's commitment to as much as 5 gigawatts by 2039, plus Dow and Centrica. Reality check: it lost about $390 million on $109 million of revenue in 2025, and first deployments are not expected until the early 2030s. ⛏️ CRITICAL MINERALS You can build every reactor on the list above and they are paperweights without fuel. This is the front end of the cycle: mining, enrichment, conversion, and the magnet metals the whole grid runs on. Quick note: I swapped the misfiled Northland slot for Energy Fuels here, which is a genuine US critical minerals producer. $CCJ Cameco The blue chip of the uranium world. Q1 2026 net earnings jumped 87% and adjusted EBITDA rose 44% to $509 million on stronger prices and volumes. The kicker is Westinghouse: Cameco owns roughly half of it alongside Brookfield, so it captures both the fuel and the reactor technology side of the renaissance. When people want uranium exposure without a science project, they buy this. $LEU Centrus Energy The reshoring play, and a fascinating one. Centrus is the only production ready uranium enricher in America, sitting on a $2.3 billion enrichment backlog, a $900 million HALEU award from the Department of Energy, and a notice from the NNSA that it intends to sole source enrichment work to them. It is pouring over $560 million into its Oak Ridge centrifuge factory and is even exploring a fuel joint venture with Oklo. This is a national security story wearing a stock ticker. $UUUU Energy Fuels This is what $UUUU actually is. Energy Fuels runs White Mesa, the only conventional uranium mill operating in the United States, and it is the rare company licensed to produce both uranium and separated rare earth oxides under one roof. Its 2026 uranium guidance implies growth of 50% to 150%, and it is now turning out the dysprosium, terbium and magnet metals that everything from EV motors to grid hardware depends on. Uranium and rare earths, the two supply chains Washington is most desperate to pull back from China, in one company. $NLR VanEck Uranium and Nuclear ETF If you would rather own the whole theme in one line instead of picking a winner, this is the basket. $NLR holds the nuclear value chain end to end: reactors, enrichers, miners and the utilities running the plants. A lot of this very map sits inside it, with Constellation, Cameco, Centrus, BWXT and Energy Fuels all among its largest positions. The lazy way to be right about the sector even if you pick the wrong individual stock. 🔧 POWER INFRA & GRID Between the power plant and the server rack is the least glamorous and maybe most investable layer of all. Transformers, switchgear, cooling, and the crews who build it. The dirty secret of the AI buildout is that the grid itself is the bottleneck. Interconnection queues run years, and the equipment to connect anything is on backorder. $VRT Vertiv The purest grid adjacent winner so far. Q1 2026 sales rose 30% to $2.65 billion, with the Americas up 44% on data center demand, earnings per share up triple digits, and guidance raised twice in two quarters. Vertiv makes the power and thermal systems that keep a data center alive, and it just joined the S&P 500. When the chip names sneeze, this one catches it, but the order book keeps validating the story. $HUBB Hubbell Boring on purpose, and that is the point. Hubbell makes the electrical and utility hardware, the transformers, metering and grid components, that every new data center and every grid upgrade quietly requires. It will never 10x in a year, but it sells into both the AI buildout and the broader grid replacement cycle at the same time. This is the ballast in the basket. $POWL Powell Industries My favorite quiet story in this section. Powell makes custom electrical equipment for utilities, energy and now data centers, and the demand signal is screaming: orders up 97% last quarter, a record $1.8 billion backlog, and right after the quarter closed it landed a single data center order worth more than $400 million, the largest in its history. It did a three for one split this spring and carries no debt. A small cap industrial running into a structural tailwind. $PWR Quanta Services The labor. Quanta physically builds and upgrades the grid, the part of this problem that no software fixes. Q1 2026 revenue rose 26% to $7.87 billion and its backlog hit a record $48.5 billion. If all of the generation and transmission above actually gets built, a meaningful slice of it gets built by crews like these. The pick and shovel play on the wires themselves. 🖥️ DATA CENTER POWER The wild card, and the highest beta corner of the map. These started as bitcoin miners, which means they already owned the one thing everyone now wants: large blocks of interconnected power and the land around it. They pivoted to hosting AI compute, signing leases with the hyperscalers and the neoclouds. Enormous growth, real execution, and serious single customer risk. Size accordingly. $IREN IREN The furthest along. Formerly Iris Energy, IREN has a Microsoft AI cloud partnership worth billions, a power pipeline around 4.5 gigawatts, and high performance computing on track to make up the majority of its revenue by the end of the year. It already trades like an infrastructure company rather than a miner, because increasingly that is what it is. $WULF TeraWulf TeraWulf describes itself as a power company that happens to build digital infrastructure, which I think is exactly the right framing for this whole row. It has locked in over $12.8 billion of contracted compute revenue through long term leases with the Google backed Fluidstack and Core42, anchored by its Lake Mariner site and scaling toward a gigawatt of power. Its leasing revenue more than doubled year over year. Controlled power, leased to AI, on a multiyear contract. $CORZ Core Scientific The contrarian one. CoreWeave tried to buy Core Scientific in an all stock deal, and in a rare moment of shareholder backbone, the holders voted it down in late 2025. So it stays public, and it kept the prize: roughly $10 billion or more of contracted revenue with CoreWeave across about 590 megawatts, while converting its old mining sites into AI colocation. You are betting the company creates more value alone than the buyout offered. $CIFR Cipher Mining The earliest stage of the pivot, rebranding toward AI as it goes. Cipher signed a hosting deal backed by Google's Fluidstack, with Google taking around a 5% stake, plus a 300 megawatt arrangement tied to AWS, building toward a contracted compute backlog around $9 billion. Highest risk, least proven, most torque if the leases convert to cash on schedule. ⚡️FINAL THOUGHTS Step back from the tickers and a pattern jumps out. The market is paying up for the same insight at five different points on the same wire. The stability lives at the bottom and the middle. Cameco, Hubbell, Quanta Services and BWX Technologies make money today and sell into a buildout that is contracted for years. They will not triple overnight, but they do not need a single thing to go right that has not already happened. The growth lives at the edges. GE Vernova is the rare name that has both, scale and acceleration, which is why I keep coming back to it. The reactor startups and the former miners are where the imagination is, and also where the disappointment will be when timelines slip, because timelines always slip in nuclear and in construction. The clearest read of all is that the AI story quietly handed the baton from the chip layer to the power layer, and most people are still watching the wrong race. You cannot run the model without the electrons, and the electrons are the scarce thing now. I will say the obvious part out loud: this is a map, not advice. I am pointing at where the money is moving, not telling you what to buy. Do your own work on every one of these, especially the speculative names where a single contract or a single regulator can move the whole thesis. If this saved you a week of research, do me a favor and bookmark it, then send it to the person in your group chat who only owns Nvidia. The power bottleneck is the second half of that trade.

@PuckDontLie Sakic with Cog AGM for one Yr 😜27/28 Cog Avs GM 😉perfect duo ☀️

I was hoping John Chayka would bring in Andrew Cogliano as an AGM with the Leafs this season but it sounds like he might be ready for the big role in Colorado

@stefanvanderlux @galaxyhq Stef 007 is back 😎

$GLXY I am 100% convinced that @galaxyhq's DC mgmt will surprise the whole space with big announcements within the next months. I identified 2-3 related DC biz related pieces of information probably nobody is aware of. Provide value (back) to me and I consider sharing 🤝

@stefanvanderlux @galaxyhq Open DM 🤓

@stefanvanderlux @galaxyhq

@RHouseResearch @Lazarus_Capital @Franchise9494 🤪😂😂

@Lazarus_Capital @Franchise9494 Brother did you not read a single sentence here…?

Truly a thing to be marvelled. HUT now has tremendous flexibility to raise capital. Their shareholders must be thrilled. The grass is always greener as the cows say. Is it measurable? Ya it is. 10x plus. 10x is a lot. Or i used to believe it was. No tags no drama.

@RHouseResearch @Franchise9494 🤩👌🤓

I don’t get the constant HUT hysteria. HUT has signed two hyperscaler deals in the last 6 months totaling ~600MW and $1.1B of annual avg. EBITDA. Both of their sites supporting these contracts are expected to come online in 2027. If you factor in HUT’s debt, cash and investments, and required future financings, it’s valued somewhere around ~18x - 20x annual contracted EBITDA. Galaxy has a comparable amount of contracted EBITDA with CoreWeave, some portion of which isn’t coming online until 2028. If you factor in debt, crypto investments (assuming 1x book for DA business), phase II and III financings, and cash and stablecoins, it’s trading in the 12x - 13x ballpark as a multiple of their contracted EBITDA. (Of course we can debate what the value of the DA biz is but for simplicity sake 1x book for a financial services company seems a reasonable proxy). I don’t think there is anyone on Twitter who has talked more positively about CoreWeave than myself, but I would obviously value a $ coming from Google more than a $ coming from CRWV. I would also value a $ coming in 2027 more than a $ coming in 2028. Taken altogether, based on their existing contracts, I think Galaxy trading at a discount to HUT (on the basis of a multiple of contracted EBITDA) is actually pretty reasonable . The likelihood of GLXY signing another lease which doubles contracted EBITDA to $2B+ seems pretty high. If / when this happens, I would expect a re-rating, just like how HUT re-rated after contracting $1B+ of annual EBITDA with hyperscalers. At the same time, as incremental progress is made towards the remainder of the CRWV build-out, the value of that contract should also increase. Could be looking at a scenario where the majority of the 526MW for CRWV is online in mid to late 2027, and GLXY immediately then gets to work on building out another 500MW+ for AWS/MSFT/GOOG/META.. Not to mention the additional development sites mgmt. has alluded towards. Seems extremely promising. Multiple tenants across multiple sites should translate into a higher multiple.. 20x $2B+ of EBITDA is close to $100/shr (after backing out debt). It would be much more concerning as someone holding GLXY if HUT didn’t re-rate following the exceptional progress they’ve made. And I’ll be the first to admit that a year ago, I would have put the odds of HUT having 2 hyperscaler leases for $1B+ of EBITDA at zero. Ironically, they probably benefitted from the fact that they were unable to sign a lease in 2024, before the data center market really heat up in the second half of 2025, and HUT CIFR etc. all got their first deals. In any case, HUT’s outperformance seems fair, and hopefully a sign of what’s to come for those that also sign great deals with hyperscalers. Given the characteristics of the Helios site + Galaxy’s experience and know-how from building Phase I + the breadcrumbs around Galaxy’s procurement of labor (e.g the 1k bed “man-camp” being built by Target) + plus the insane market demand for DC capacity + Galaxy’s mgmt. signaling (“another lease for the 830MW will be biggest de-risking event in company history”, “multiple sites at LOI stage”) + other hints (if you’ve been following Galaxy’s job board or Afton, TX posting in general).. I am very confident they are doing everything in their power to replicate HUT’s execution (and share price performance).