Rear Naked Leafs

Morning

This is just so Parros can explain to him why Kadri is getting suspended for the remainder of his PO series.

@Vmaxpax @pennycheck Bell's Sherwood, Sask site also has MW room to expand beyond the initial 300MW. Apparently, they've secured adjacent land to potentially double the capacity at some point.

@40_BaySt @pennycheck 🎯 Yes, saw it. Bell has 500 MW allocated (vs Telus at 150). Massive. They got in last year before the province established limits/vetting process. Telus getting attn here, and probably needed Federal assist to lift them through provincial loophole, but Bell is the beast

Wait, I'm deleting this post below in a flash. After digging in, Telus & the Feds have bypassed the provincial limits & "Call for Demand" for the new 400 MW pool. Feds + Data Sovereignty fast tracked it. Always a loop hole for the big boys ;)

@Vmaxpax @pennycheck Look up Bell/iTel AI DC partnership with Upper Nicola Band on 150 acres of reservation land. An advanced planned 300MW site with BC Hydro engagement well before the BC power demand process that started in Jan 2026; meaning it is likely a grandfathered power agreement.

@pennycheck - wait, Telus got it. Fast tracked / loop hole. I crunched some numbers in tweet below. $bce still the mammoth player for BC.

I love this kid he has a psycho element

@bourney2020 I just want a team that is fun to watch and fun for me is hard hitting in your face hockey so with these hires I'm screwed once again. Oh well.

@40_BaySt It's mind blowing how incompetent ownership has been for over 20 years. They really don't give a fuck about winning cuz if they did something would have been done aing time ago

John Chayka's interview would've been a great SNL skit: KP: There's a 6 year gap in your CV. What have u been doing? JC: I've been running a Wendy's. KP: The burger shop? JC: Yep. KP: Awesome, the Leafs are like a Wendy's! Why did the Yotes let you go? JC: They didn't quite let me go. I just decided to leave and looked for other opportunities while still under contract, so the league suspended me a year for breach of contract. KP: Cool initiative. What was your record like with the Yotes? JC: We went 131-147-38 over 4 years. We made the playoffs in 2020 during covid tho! KP: Amazing! Anything else we should know before checking some references? JC: I did some back room dealings that go against league rules and cost the Yotes 2 1st round draft picks. No biggie. KP: Impressive! Well, I've heard enough. When can you start?!? #leafs

@bourney2020 It's pretty amazing to witness haha

@40_BaySt Just when you think the franchise hit rock bottom they find another way to dig deeper lol fucking joke of a franchise

@maks_kolomiets @VanIsleInvestor BCE raised cap ex by 1.3B for 2026 in March due to the 300MW AI data center they're building in Saskatchewan. It raised their total cap ex in 2026 to approx 5B. I think that's where the discrepancy is.

@VanIsleInvestor I mean not in your table but in Yahoo finance it shows TTM $3.3B in FCF and $2.1B in divs. I don't understand how they (in your table) got 100% FCF goes towards divs

For people interested in Canadian Telco's... Here is the updated Comp chart after Rogers Earnings today... This is why Rogers popped today 13%, was upgraded $2.00 and has more room to grow... and $T Telus needs to cut the dividend... & $BCE is at 100% of FCF funding the dividend...😳 Going to need some good quarters at $T and $BCE coming up

@BubleQe @ErnestWongBWM He very much chose not to...

@BubleQe @ErnestWongBWM You asked, I answered. Yeah, I asked Grok to help articulate it... so what. Use the info or don't. Up to you.

No slowdown in data center construction by the hyperscalers, and increasingly borrowing money to fund the buildout

$BCE is "all-in" on Sovereign AI. It has positioned itself as the builder of Canada's "sovereign AI backbone" through a tightly integrated, made-in-Canada ecosystem explicitly built around four pillars: Ateko + Bell Cyber + Bell AI Fabric, with its nationwide high-speed fibre network (including 400G long-haul connectivity) as the connective "digital spine." Bell AI Fabric (launched May 2025): This is the foundational infrastructure layer—a national network of sovereign AI data centers starting with a hydro-powered supercluster in British Columbia aiming for 500 MW across six facilities, plus a new 300 MW site in Saskatchewan (RM of Sherwood just recently approved the site and construction has already begun) and expansions elsewhere. It delivers full-stack compute (GPUs, high-performance inferencing), clean energy, and is anchored by Bell's trusted coast-to-coast fiber network. It emphasizes data residency, security, sustainability, and Canadian sovereignty under Canadian law. The 300MW site pushed up BCE cap ex by 1.3B in 2026. Ateko (Bell-backed/spun-out tech services brand, ~March 2025): The systems integrator and professional services layer. It provides tailored AI strategies, data optimization, custom model development/deployment, integration with enterprise platforms, and governance/advisory services. It acts as the "full-stack sovereign AI platform" for enterprises and governments, accelerating responsible adoption. Bell Cyber (launched September 2025): The AI-powered cybersecurity pillar. It protects the entire ecosystem, delivering managed, scalable security solutions that complement the AI offerings and reinforce sovereignty. 400G long-haul fibre: This is the high-performance networking backbone enabling low-latency, high-bandwidth connectivity across the AI Fabric's distributed data centers and to customers nationwide. It forms the "mesh" that ties the ecosystem together, supporting real-time, sovereign workloads at scale. BCE is the only Telco in Canada with coast-to-coast long haul 400G, 17,000km to be precise. Rogers has 400G but not across the country and Telus has pieces. Bell has curated partnerships (e.g., Cohere for custom/agentic LLMs, Coveo for AI relevance/search, BUZZ HPC for GPU clusters, Hypertec for Canadian built Nvidia GPUs, Groq chips for inference, SAP, Celestica, Queen's, SFU) to create a complete, Canadian-owned marketplace of solutions—explicitly marketed as sovereign AI for regulated sectors like defense, finance, energy, and public services. Bell goes beyond conceptual ownership by leveraging an existing national fiber asset (the 400G long-haul element is a practical differentiator for low-latency, distributed sovereign AI workloads). The curated ecosystem (partners + services) makes full-stack customizable adoption turnkey for customers. Sustainability (hydro power) and explicit cybersecurity. Sovereignty is the key differentiator and competitive advantage that $BCE has over Hyperscalers and GPUaaS AI DC pure plays. Not only has Canada made a funded backed push for Data Sovereignty, it's also a global growing reality. With Sovereignty a National priority Bell has far better chances to secure power from constrained power grids that have allocated limited MWs toward AI DC expansion. ie The speed of approval for the Sask 300MW site when no other large scale AI DC has been approved and many currently sit in power constrained limbo. Bell also has several other behind the curtain AI DC mega projects that will likely be approved and announced in September. They are involved in a joint bid with Queen's and SFU for the recently opened Canadian SCIP RFP that has 900M in funds up for grabs. Their joint bid is the most publicly visible and best aligned with the RFP's criteria to win the lion's share of the funding. They have also bid for multiple mega scale sites with BC/BC Hydro where they are allocating 300MW of power to AI DC sites. Bell will also likely win a large portion of that power available as well. The Bell strategy has gone under the radar even after mega wins like the 300MW Sask site because traditional telecom analysts don't understand Bell's AI ecosystem enough to value it. They're treating AI Fabric as merely GPUaaS rather than the sticky revenue large moat business it truly will be. While they focus on traditional valuation metrics like wireless ARPU Bell is building what might be one of the most complete Sovereign AI ecosystems globally.

@ErnestWongBWM I can't believe how much (and big of a prize) CAD Telcos largely are missing out on to hyperscalers, utils & Infra co's. AI/Data Centres should be not only in their wheelhouse in size, it should be the largest growth (by %) in their gorwth portfolios. $T.TO $BCE $RCI

@VanIsleInvestor Bell's cap ex is materially lower for legacy lines. The material cap ex drivers are high growth initiatives: Sovereign AI and US Ziply fiber (no regulatory headwinds like Canada). Read this for an understanding of Bell's AI strategy. A game changer. forbes.com/sites/chuckbro…

This fuckin kid 🤣🚀

as·ter·isk /ˈastəˌrisk,ˈastəˌriks/ noun a symbol (*) used to mark printed or written text, typically as a reference to an annotation or to stand for omitted matter. 2026 Hockey gold

The US has a horseshoe the size of Texas tonight. They got dominated by Canada.

@mrgrozz Canada dominated. The US looked terrible in reg time.

Shame it has to end this way. But we all knew it was coming when they announced this stupid OT format

@bourney20 Big body, unbelievable skater, puck on a string, sniper shot and logs big minutes... He makes Lidstrom look mid.

I'd seriously take Makar over McDavid if i had to choose one player for my team.

Unbelievable 🤣🤣

😂 youtube.com/shorts/DbJUUqu…