JR

@WilliamShatner Kirk you're sounding more like Bones in this post. BTW, I don't follow you much but I have to say your emoji game is 🔥

🙄 It benefits my charity. Why don’t you do a bit of research before asking silly questions since I said in the post it was an update? Shouldn’t that mean there was a previous post?🤷🏼

Simon is far from an idiot and if you actually read his post carefully you would notice that at no time does he say he prefers or wants a buyout. He makes a rational analysis of the sum of the parts of the business and muses as to what a reasonable buyout would be which is multiples of the current share price. It affirms what we all know which is that $GLXY is extremely undervalued. Why assume by his analysis he prefers a 2x over a 100x? You've been pretty emotional lately without adding much to the conversation and insulting people who actually do good analysis. Maybe its time to block you.

$GLXY fam If you follow Simon @SimonSaysBTC You are a fucking idiot. Only an idiot wants a buyout…..wants their fortune stolen from them. Who would happily take 2X for a 100X investment?!

I think we can all agree that $GLXY is stupid cheap right now. Of course we've been saying that for awhile and depending on market sentiment it can always get cheaper. I think the R/R is very good here though and once Helios phase 1 hits the books, Clarity hopefully passes, and another 830MW contracted we should see much higher by year end 🤞🏻

@SimonSaysBTC @CillianBraille Same here, added some $GLXY shares at 20.15$ 🤞🏼🤞🏼🤞🏼

Added some $GLXY here. Let's see if @CillianBraille is right about $20 holding.

$IREN Comments by IREN on March 4 to the Texas PUCT regarding the new large load interconnection requirements. Final comments due by April 17. I believe some interesting things can be inferred but overall not negative. interchange.puc.texas.gov/Documents/5848…

Why do I picture: Novo and Ferraro sitting in a dark paneled room last weekend sipping burbons and looking at spreadsheets. Ferraro: "Boss, our X numbers are down across the board, engagement is at an all time low" Novo: "You know what to do" Ferraro: "But, but he said after wearing the Spacesuit he was through!" Novo: "Call him goddamit!"

$GLXY is going through a narrative transition The biggest risk for long-time shareholders is giving up right before it completes

Pretty good unless you look at the SP since NAS listing which is the ultimate scoreboard. Pretty much treading water to put it kindly. They can do a million things right but if number don't go up....doesn't matter. Such is "investing". I know, patience is a virtue. I still believe it and I still believe in this company. I've been here since almost the very beginning, and I'll probably be here to the (bitter)....end, whatever that will be. Appreciate your input.

@seper8tor @ChelApples They issued debt when they were at $40 to finance building at HELIOS. They sold equity at $35 and now are doing a $200MM share buyback to support the shares and buy back on the cheap. They got the second phase at HELIOS approved thru ERCOT. Pretty good 6 months.

Sad day. Oh well, long $GLXY/short $IREN (amirite).

@SnowBlindTrek @ChelApples @novogratz @jonathan_mg27 Yeah, isn't it funny how he always mentions "telling the story" and how it brings value and loyalty to different stocks/tokens etc but never does it for his own company lol.

@CryptJynx @Franchise9494 @heydukelives23 Yep, thats why I kept my musings to the thread and didn't tag Galaxy...no confirmation.

@Franchise9494 @seper8tor @heydukelives23 Well SHIT!

Bullish $GLXY $BTC $ETH #crypto

@CryptJynx @heydukelives23 Well, nothings been announced yet but we know they had a relationship which was documented in the Celsius bankruptcy filing which is where that document came from.

@seper8tor @heydukelives23 I had to redo the repost and tag it with $GLXY 👏👏👏👏

@heydukelives23 @CryptJynx Hmmm....

@CryptJynx Is this bullish $GLXY? Feels like they missed stable coins and are missing this - we can't just say we're doing things, we need to actually win market share. Its amazing how much $GLXY has not been able to partner

$GLXY $SLNH Galaxy's old bitcoin mining equipment is finding new life at Soluna's Kati 1 site. Commissioning of the modular bitcoin mining units is ahead of schedule according to Soluna's VP of operations. This should add to Galaxy's and Soluna's revenue soon.

$GLXY Feb 5 sat photo vs todays photo. Note the significant grading south of the current Helios facility. Phase 2 in full effect?

$GLXY A new easement grant document was filed with Dickens county a few days ago. Basically it gives permission for Galaxy Power to cross WETT's power easement with a transmission line from their current substation to an area south of the Helios site. I believe this new transmission line indicates the beginning of phase 2 of the Helios buildout. Recent sat photos from March 2 show a newly graded area just southeast of the current Helios facility. I believe this new transmission line is to power that area. Galaxy's new transmission line is in yellow on the easement drawing and sat map.

$IREN Secured, just like so called secured power. Please tell us the max # of GPU's IREN has ever managed in an AI Compute cluster and received revenue for? How do investors know IREN has the expertise to manage AI compute when almost all of their revenue comes from bitcoin mining? Why are all the major companies choosing Coreweave instead of IREN. They have a 67B backlog and IREN has?

150k GPUs secured. Execution continues.

It is my understanding that managing gpus for AI compute is MUCH harder than asics or other compute for bitcoin mining. Where is there any evidence that IREN has the expertise to do this? I can't find any public info that shows them managing more than 2k gpus at a time. In fact their previous customer Poolside, whom they were managing a 504 gpu cluster for, decided to go with Coreweave when they needed to expand their compute. Where is there any evidence that IREN has the expertise to scale? It seems that every poster on X just assumes that they can do this! I suppose their Microsoft contract shows confidence but IREN could crash and burn and it would be barely a hiccup to MS.

$IREN I read the 8-k tonight, and here are my thoughts. IREN placed a $3.5B hardware order for over 50,000 Nvidia Blackwell GPUs through two subsidiaries: one in Canada ($2.3B) and one in the U.S. ($1.2B). They also announced a $5b ATM increase alongside the order, which could represent an approximately 40% increase in dilution. This has, understandably, caused some consternation with investors, who are unclear at the moment about the overall strategy and the presence or absence of any upcoming deals. The ATM is not a committed raise. It says the company may sell shares: “from time to time” through the sales agents and the amount sold is uncertain. The GPUs will be deployed at its existing data centers in British Columbia and Childress, TX. Taxes, financing, logistics, etc. aren't the same between the two countries. But, just based on the amounts, it seems reasonable to conclude that most of the order is intended for Canada and a smaller portion for Childress The idea that the Childress cluster must already have a confirmed customer seems logical based on the size of the offering, but it is not directly supported by the filing. Operators order GPUs before final contracts are signed, because delivery timelines are long and supply is constrained. The company explicitly states that it is securing hardware early so it can deploy compute quickly as customer agreements progress. IREN is likely locking in scarce GPUs first and planning to fill that capacity with customers closer to deployment. A sound strategy if demand stays strong, combined with their speed to power. Stepping back and summarizing. The GPU procurement is roughly $3.5B, but the new prospectus supplement authorizes up to $6B of equity under the ATM. They are creating financing capacity well beyond this single hardware purchase. This is a deliberate strategy to secure scale quickly, even if it requires significant dilution.

$IREN Here's a serious and honest question for IREN investors. Has IREN ever successfully managed an AI compute cluster larger than 2k GPU's and realized revenue from it? Not bitcoin mining but AI compute. I'm trying to find public information that says they have. I know they managed a cluster for Poolside that was 504 gpu's but when Poolside wanted to go bigger they chose Coreweave. Anyone?

Are you 100% certain that Solunas model will not be tied up in ERCOT's red tape? While they may dodge the grid connection queue, all new loads are still subject to the new VRT rules which have yet to be fully decided. This applies to large loads greater than 75MW and will require extensive VRT and interconnection studies before energization.

First, Soluna's BTM data centers co-locate with renewables in Texas, dodging grid queues and slashing power costs to ~$32/MWh. With projects like Dorothy (operational, 50MW) and Kati (166MW energizing 2026), they're monetizing curtailed energy – 166K MWh in 2025 alone. Undervalued entry point! 2/5

Thread: Why I'm scooping up $SLNH at $0.95 – the green data center play that's primed for explosion in AI/HPC. Soluna's behind-the-meter model is a game-changer, turning wasted renewables into compute power. Here's my bull case in 5 tweets. 1/5 @jbelizaireCEO @McnallieM

@BlackPantherCap So much of this this post is straight up fiction as of now. Not saying it can never happen but every time I see an $IREN bull talking themselves up like this it reminds me of:

🚨ALERT: 50% of Data Centers will NEVER connect to the grid. Half of the data centers announced in the last 24 months will NEVER connect to the grid. Kevin O’Leary said it. The data proves it. While everyone’s chasing “paper capacity,” $CIFR and $IREN are sitting on EXECUTED grid connections that can’t be replicated. Here’s why they’re untouchable: 266 GW of power projects canceled in 2025 alone. That’s 2.4x the cancellations from 2024. Why? Because the U.S. grid is facing a structural deficit that nobody wants to talk about. • Data centers need 18-36 months to build • Grid connections take 5-7 YEARS (sometimes 12) • Interconnection queues in PJM and ERCOT now average 7 years • Average interconnection cost in MISO: $753,116 per MW Translation: You can announce a data center tomorrow. But you CAN’T connect it to power until 2032. The math doesn’t work. The timeline doesn’t work. The physics don’t work. $CIFR - The Fixed-Price Power Moat: Cipher control one of the lowest-cost power portfolios in North America. > Power cost: $0.027/kWh (fixed, long-term PPAs) > Debt: $0 > Portfolio: 2.2 GW across Texas But here’s what everyone’s missing: Their 1-gigawatt Colchis site has a FULLY EXECUTED Direct Connect Agreement with American Electric Power. Not “in the queue.” Not “under study.” EXECUTED. Energization: 2028. While competitors are stuck waiting 7+ years for interconnection approvals, $CIFR already has a Tier 1 grid connection locked in. And they just signed: • $5.5 billion, 15-year lease with AWS for 300 MW • 10-year hosting deal with Google/Fluidstack for 168 MW That’s $8.5 billion in contracted lease payments for AI infrastructure. $IREN - The Microsoft Validation: $IREN didn’t just secure power. They secured the ONLY thing that matters: a hyperscaler willing to pre-pay billions. November 2025: $9.7 billion AI Cloud contract with Microsoft. Let me repeat that. Microsoft PRE-PAID for capacity that doesn’t exist yet. Deal structure: • 200 MW of liquid-cooled AI capacity • $1.94 billion annual recurring revenue (once online) • 20% prepayment to fund $5.8 billion GPU purchase from Dell • Four “Horizon” data centers at their 750 MW Childress campus But the real alpha? Their 2.91 GW portfolio of GRID-CONNECTED power. Not speculative. Not “in the queue.” Connected. Energized. Operating. > Sweetwater 1: 1.4 GW (energization accelerated to April 26) > Childress: 750 MW (operating) > Prince George: 160 MW hydro (23k GPUs for AI) $IREN is scaling to $3.4 billion in AI Cloud ARR by end of 2026 using only 16% of their total power capacity. The Peer Comparison Nobody’s Talking About: Everyone’s excited about $RIOT, $MARA, $CORZ, and $WULF. Here’s the problem: $RIOT: 1.7 GW portfolio, mostly Bitcoin-focused. 25 MW HPC lease with AMD ($311M over 10 years). That’s 1/30th the size of IREN’s Microsoft deal. $MARA: Building “behind-the-meter” natural gas generation to BYPASS the grid entirely. Smart strategy, but they’re starting from scratch. 1.8 GW capacity, mostly mining. $CORZ: $10B+ contract with CoreWeave sounds massive. But they’re CONVERTING old mining infrastructure. Not purpose-built for AI. Currently unprofitable. $WULF: 750 MW at Lake Mariner. Zero-carbon hydro/nuclear. Clean energy story is strong. But only 72.5 MW of HPC capacity by Q2 2025. Meanwhile: • $CIFR has 2.2 GW with executed grid agreements and $8.5B in hyperscaler contracts • $IREN has 2.91 GW of energized capacity and a $9.7B Microsoft deal The Cooling Bottleneck: Secured power means NOTHING without secured cooling. November 2025: CyrusOne data center in Illinois went down for 10 hours because ONE chiller failed. This facility handles TRILLIONS in CME trading volume. Energy, agriculture, crypto derivatives markets frozen globally. Why? Because AI racks now consume 600 kW of power (enough to power 500 homes). A single rack failure creates catastrophic heat buildup. $IREN’s solution: Liquid-cooled infrastructure at all Horizon facilities. $CIFR’s solution: Turnkey air-and-liquid cooling delivery for AWS. Hyperscalers aren’t paying billions for “power connections.” They’re paying for THERMAL RELIABILITY. The Numbers That Matter: > PJM capacity prices: 10x increase from 2024 to 2025 (extreme scarcity signal) > Interconnection costs in Louisiana/Missouri: $900,000+ per MW > $64 billion in U.S. data center projects blocked or delayed in 2024-2025 > 25+ major data center projects canceled in 2025 alone The grid is saturated. The timeline is broken. The infrastructure doesn’t exist. But $CIFR and $IREN? They already own the infrastructure. They already have the grid connections. They already have the hyperscaler contracts. The Bottom Line: > AI demand is doubling every 90 days. > Grid capacity takes 5-7 years to build. > You can’t close that gap with announcements. You close it with EXECUTED agreements and ENERGIZED megawatts. $CIFR: $0.027/kWh power, $8.5B in contracts, 1 GW Tier 1 grid connection $IREN: $9.7B Microsoft deal, 2.91 GW energized portfolio, $3.4B ARR target by 2026. While half the industry fights over interconnection queues, these two are already plugged in. The power crunch isn’t coming. It’s here. And the only winners will be the ones who secured their megawatts BEFORE the grid broke. Bullish $CIFR and $IREN. Note: This is NOT financial advice.

@BitcoinAIGuy Listened to it. You are right, they are very clear in what they are saying about energization. I am skeptical but really am not trying to spread FUD. I deleted the post.

@seper8tor Listen to the earning’s call… it’s not a threat