Jim

I think the SpaceX IPO trade will create a LOT of new millionaires in 2026. $ASTS to $200+ $PL to $100+ $RDW to $20+ $RKLB to $200+ Will be choosing my favorite tickers soon and charting them daily... 🫡📈

$SLNH One of the most important parts of Soluna’s McNallie Money interview was the financing discussion around Kati 2. This is where the AI/HPC story starts to move from hype to real infrastructure economics. CFO Michael Peachey made the scale very clear: «“Kati 2 just for phase one would be $1.0 billion to $1.2 billion.”» That is only phase 1. The reason is simple: AI/HPC data centers are not Bitcoin mining capex. Anthony framed it perfectly: «“We’re not talking Bitcoin mining numbers here, we’re talking HPC numbers.”» AI/HPC buildout costs were discussed around $10–12M per MW. So Kati 2 phase 1, targeting roughly 100 MW IT, could represent a $1.0–1.2B infrastructure project. That is the scale many investors still do not understand. This is not about adding a few more Bitcoin containers. This is about Soluna trying to move into billion-dollar AI/HPC data center development. The key question is obvious: How does a company of Soluna’s current size finance a project this large? Peachey answered that directly. «“We do think we’ll be able to get 80% funding on the debt side of it.”» That matters. If phase 1 costs $1.0–1.2B, then 80% debt could imply roughly: • $800–960M debt • $200–240M equity Still a large equity requirement, but very different from funding the whole project with common equity. And importantly, the equity may not all need to come at the Soluna Holdings level. Peachey also said: «“Conversely, we might accept an equity investor to partner with us at the Kati 2 level.”» That is a key point. A project-level equity partner could reduce parent-level dilution while still allowing Soluna to develop the asset. This is why the first AI/HPC lease is so important. Without a lease, Kati 2 is still a development project. With a lease, Soluna gets: • A customer • Contract value • A clearer construction timeline • Financing visibility • Bankability • A path to capital formation John said it clearly earlier: «“Once that lease is signed… we now have to go do capital formation.”» That is the real unlock. The market should not look at future capital raises in a simplistic way. There is bad dilution, and there is growth capital. Bad dilution = raising equity just to fund losses. Potentially value-creating capital = raising equity/debt around a signed AI/HPC lease to finance a contracted billion-dollar infrastructure asset. That is a completely different situation. Peachey also said Soluna raised $142M in fresh capital in 2025 through multiple sources, including ATM, share equity purchase agreement and project-level debt. Then he called it: «“A dry run for 2026.”» That tells me management sees 2026 as the year where capital formation becomes much larger and more directly tied to AI/HPC. Another key quote: «“I do think we would do it in phases.”» That lowers initial risk. Soluna is not talking about building all of Kati 2 at once. The first contract is expected to focus on the first 100 MW. Then future expansion could follow. Peachey said the next phase could be another 250 MW, requiring an additional $2.5–3B. But he also made an important point: «“At the time we go back to raise money for that next incremental 250 megawatts… the company Soluna will be much, much larger.”» That is the core of the bull case. If Soluna lands a major AI/HPC lease, starts construction, and shows a credible financing path, the company may no longer be valued like a small Bitcoin hosting name. It could begin to be valued as an emerging AI power/data center infrastructure platform.

$AMPG just received full FCC and ISED Canada certifications for their 5G Native DAS Solution. Their entire hardware stack is now approved for commercial sale across North America. Phase 1 of the valuation gap fill towards $1B MC... still 10x away. Did you listen?

GM! Everyone thinking WW3 again... Not happening IMO. Seeing lots of dip buying opps today... $AMPG builds high-performance RF and signal-processing components... Front-end communications systems that are great at picking up faint signals without meaningful interference. This makes them very relevant for the space infrastructure buildout and we think they're undervalued. Guiding for over $50M revenue in 2026, with LOI for more... a LOT more than much bigger space stocks in the same theme. Renaissance Tech, thought to be the best performing hedge fund in history, also disclosed their position in their latest 13F filing. Weekly chart looks early... finally seeing a Tango diamond after a long wait. Disclosure... we do have a starter positon... do your own research... just laying out our thought process. We plan to long the space theme until just before the SpaceX IPO, in June. As for as entries, gotta enter on a red day or green day... today is a red day... NFA... easy invalidation below hourly gold zone (will keep updating the chart).

Plenty of people ignored me. If you didn’t, you made an insane amount. I hope you never doubt me again… March 30th $SATL was at $2.96. May 18th $SATL is at $9.54. I wouldn’t miss the next trade. Tomorrow.

$SLNH TECHNICALS: - FALLING WEDGE (REVERSAL PATTERN) - DEMAND ZONE (REVERSAL) - PSYCHOLOGICAL SUPPORT (STRONG SUPPORT) THIS IS MY USUAL A+ SETUP, DON'T KNOW MUCH ABOUT THE COMPANY, BUT TECHNICALLY BULLISH! IMPORTANT LEVELS; $1.85 (STRONG SUPPORT) $1.99 (RESISTANCE) $2.35 $2.75