Brian Lee

@RHouseResearch This aged well

Have to chuckle at $HUT ripping 15% since announcing "plans to develop four new data center sites" totaling "1,530MW". This press release contains the usual jargon around $HUT being a "digital infrastructure platform" "addressing demand for energy-intensive use cases." The release does not, however, contemplate that these "data centers" "in development" will be used for Bitcoin mining, which is interesting, given the majority of $HUT's revenue today comes from Bitcoin mining. The release also does not mention Hut8 securing a tenant for any of these data centers or executing debt financing to fund the massive construction CapEx costs. $HUT has been talking about building AI data centers for hyperscaler tenants for over a year yet still does not have a single executed lease. Per Data Center Dynamics, Hut 8's "latest data center design enables flexibility to host either crypto or HPC hardware with minimal changes." Given the lack of tenants and construction financing, one can reasonably deduce that these "development data centers" are very likely going to be built for Bitcoin mining, if they are ever built at all. This is par for the course for $HUT. While Hut8 describes itself as "an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale", over 2/3rd of its revenue comes from mining Bitcoin. Rather than breakout Bitcoin mining as its own revenue line item (which is obviously the logical way to present its financials), $HUT lumps Bitcoin mining with its tiny GPU-as a service business within its "Compute" segment. If you peek at the statement of cash flows, you can see that Bitcoin mining revenue represented $42.7MM of the total $63.1MM of YTD revenue. So without any signed tenants for these data centers, and without executed project level debt financing, who is funding the construction capital? 1.53GW of "development" is $1.5B+ to $15B+ of construction CapEx at $1MM/MW (Bitcoin mining data center) and $10MM/MW (AI / HPC data center). Well, of course, near the end of the release, $HUT included the news about their fresh $1B equity ATM program. You have to give $HUT credit - they really did quite the job in somehow re-phrasing "We can now issue $1B of new equity to build Bitcoin mining data centers" into a bullish announcement.

@ChrisMartzWX Is the temperature in the North Pole unusually warm today

I can't stop laughing. 🤣 Just two years ago, The New York Times said that mild winter weather has the “fingerprints” of human-caused climate change all over it. But this year, The New York Times has changed their tune. Cold winters are also proof of climate change.

@GregRenoff @ryanweather @grok What is the weather forecast for Atlanta this weekend?

@ryanweather @grok what will be the snowfall and temperature impact on Tulsa, Oklahoma from Friday January 23 to Sunday January 25, 2026?

Evening update: I don't think people appreciate what's coming to Texas --> Southeast and the Carolinas over the next 10-12 days. Hide the women and children. Some of the model solutions are historic / catastrophic and previously thought impossible.

@BullTheoryio It starts at 9:45am not 10am.

🚨 Why Bitcoin always dumps at 10 a.m. when the U.S. market opens ? Today, Bitcoin erased 16 hours of gains in just 20 minutes after the US market opened. Since early November, BTC has dumped most of the time after US market opens. The same thing happened in Q2 and Q3. @zerohedge has been calling this out repeatedly, and he thinks Jane Street is the most likely entity doing this. When you look at the chart, the pattern is too consistent to ignore: a clean wipeout within an hour of the market opening followed by slow recovery. That’s classic high-frequency execution. And it fits their profile: • Jane Street is one of the largest high-frequency trading firms in the world. • They have the speed and liquidity to move markets for a few minutes. The behavior looks simple: 1. Dump BTC at the open. 2. Push the price into liquidity pockets. 3. Re-enter lower. 4. Repeat daily. And by doing this, they have accumulated billions in $BTC. As of now, Jane Street holds $2.5B worth of BlackRock’s IBIT ETF, their 5th largest position. This means most of the dump in BTC isn't due to macro weakness but due to manipulation by one major entity. And once these big players are done with buying, BTC will continue its upward momentum.

@ShowbizTerp A jet can’t land in CGS and a flight in the single engine airplane you’re highlighting would take 6 hrs from Florida and much longer from the other places. Any big time coach is taking a PJ to BWI. Silly post

Three private flights from Gainesville, Baton Rouge, and Oxford are scheduled to the College Park Airport at the University of Maryland today. I’m told LSU, Florida, and Ole Miss all view Maryland's Mike Locksley as their backup plan to Lane Kiffin. Get your popcorn 🍿👀🐢

@brian_armstrong I live in New York

Now everyone in the US can access millions of assets on Coinbase (excluding New York). We've received great feedback about this product. Excited to scale it to more countries, networks, and people.

@RaoulGMI That was the best thing I have read on the internet in a long time. Which is a commentary on why I should get off social media and into a library. Ty for sharing.

there was a hole in the yard that dad sometimes sat in when it rained hoping that the senseless accumulation would raise his body with the tide of the river though it never did and he’d climb the same aluminum ladder his dad did and do what the rain was incapable of he was quieter on those nights sometimes studying the absence from the window after his failure while mom scraped uneaten leftovers into a trash can that grew with our belts after our sister passed he filled the hole with objects he’d bought from garage sales over the years a snow globe that once predicted a winning horse a stained glass car battery used as a defibrillator at a church no one worshiped at an AM radio made from downed power lines a sack of marbles with varnished flies a jar of sand with a piece of yellowing tape that read normandy were amongst the things he awarded to the irregularity eating our lawn maybe hoping their presence would unburden the clouds and he’d finally take the ladder to the town dump or lend it to our neighbor who didn’t move much from his own broken jacuzzi it never did rain again after all that and when we called from time to time he’d tell us it still hadn’t and we didn’t go back much so maybe it didn’t or maybe it had been raining for years

One of my key objectives has been to somehow commission a piece of art from @toadswiback who I think is one of the greatest artists in any format cataloguing the death of the American Dream and the sad reality of ordinary lives lived in ordinary places, without much hope left. Die with the most likes' work somehow blends the miserable blandness of lives just...sort of... lived.. but with a strong sense of fondness for it all. Dystopian, warped reality through a fond smile. It is not so much judgemental as just observing and trying to search for the emotion behind it all... good and bad. He also writes prose like a poet and most of his descriptions are haunting, and often form the beginning of his journey before he creates the art itself. Its a unique process. But more than that, his work leans also heavily into absurdness through deep characterisation such as the legendary Alfonso Knutson. But very few lovers of Die's work realise that many of the characters and scenes spread across his many books (both short stories and long novels) which take in even more parts of the absurd world of middle America and American culture, often with a hat tip to Steven Seagal's movies or other cultural references. He has an aging YouTube Channel that also adds to his body of the bizarre. His art and the message he is getting across is all encompassing, spreading every medium including exceptional painting too. The breadth and depth is staggering. He has to be one of the most important artists working today. Die kindly agreed to a commission with the brief of "push yourself to do something you want to do that is different". The resultant piece "chalk it up to the hole in the yard" is a new departure for him but is well withing his frame of reference. It is a sad, grim hautning piece reflecting on the sadness of a family death, the pointlessness of life thereafter and the banality of life. It is pure emotion. I'll add the description below in a additional post because it is both long but important to read to understand the piece itself and the emotion. As ever the prose is exceptional. In his spare time, Die with the most likes is also oddly a very lovely person. We are so fucking back, it's fucking entirely over. Thank you @toadswiback !

@SenWarren @SenTimKaine U are a clown

Donald Trump violated the Constitution when he bombed Iran. Only Congress can declare war. I'm headed to vote for @SenTimKaine's War Power Resolution to rein Trump in. Americans didn't vote for another endless war in the Middle East.

@LeeWinbush No. U will pay ordinary income on the drip each year

Hold up; I just did an analysis with grok. If I bought 8000 shares of $MSTY with dividends reinvested, and started pulling out $10k a month starting year 2 (LT cap gains) and the Bitcoin 24 model is accurate, I’d finish year 5 w/ a $4.4M portfolio paying me $120k a year. Does that sound right? 🤯

@Insideblackgold Sarunas Jasikevicius

For Maryland’s MBB HC search, who is: - your top choice - out of the box name - the one hire you will boycott

@CedYoungelman U didn’t answer ur own question

At what Bitcoin price do you think retail wakes up? I’ll go first. I don’t think they’re coming for a long time.

@LukeGromen @balajis Dying from a sex overdose has to be the best way to go

@balajis Yes...and also, people need meaning in their work; below is IMO a symptom of "economic hopelessness" or "lack of meaning"

Everyone wants to reindustrialize. No one wants to remember why the US deindustrialized in the first place.

@jdorman81 If u were still on a high yield desk today you would know that credit has sniffed it out.

In my 25 year investing history, credit has ALWAYS led, not the other way around. Would be beyond disbelief shocked if equity, commodity & crypto traders sniffed out recession before credit investors. If credit ain't scared, I'm not scared The selloff is all fear; no substance

@hibearnating Great call on this….

rough numbers i estimate that $BIG is ~15-18% of $PRG's revs - that liquidation is going to hurt not to mention $BIG $PRG revenues probably overindex to furniture which has a better margin profile for $PRG

@miami_rick Notice anything else?

I’m always quiet at first when an accident occurs because not enough data is available to make an informed assessment. After watching this short video it’s abundantly evident to me that the flying pilot did not properly flare the jet prior to touchdown causing the the right main landing gear to contact the runway with enough vertical velocity and horizontal shearing load (due to the crosswind at the time) to collapse it and the remaining horizontal momentum was enough to flip the aircraft over, shear the right wing off and cause the aircraft to end up inverted at the end of the crash sequence. It is a miracle that no one was killed. Now the question is why and how did this happen.

@BlacklionCTA That’s an emergency no flap landing. The glare/snow blindness/ radar altimeter speculation is nonsense. Correct about the lack of flare. 40 degree 25kt crosswind didn’t help them. Everyone survived.

Arm chair recovering fighter pilot take: Junior aircrew snow blind or glare off the runway distorting depth perception, ignored radar altimeter, didn’t flare, and put the gear through the wings.

@DrTwistedPoet @PicturesFoIder It’s the Devils Pool at Victoria Falls. I did it last week

Bravery or stupidity? 😳

@roblmakeithappe @APompliano @intangiblecoins A whole year!

@APompliano @intangiblecoins Volatility is the cost of riding Bitcoin’s rollercoaster—focus on long-term potential, not short-term swings. I bought over a year ago and still have it.

In 2017, there were 13 different bitcoin drawdowns of more than 12% as the price increased ~ 20x throughout the year. If you want volatility on the upside, you have to stomach volatility to the downside along the way. (Chart credit: @intangiblecoins)

@jnordvig Jerome

What is the technical term for this pattern?

@historyrock_ Corduroy.

In your opinion, what’s the best Pearl Jam song? 👇🏻