KEEL Site Update, IREN Price Target, GLXY, WULF & CIFR News!

We zoom out on Bitcoin to read the longer cycle, then zoom in on what is actually moving crypto and miner stocks right now: policy clarity, signed AI compute contracts, and execution risk. We also run through major company headlines and the coming earnings calendar so you can track catalysts without getting whipsawed by day to day noise. 

• Bitcoin’s multi year chart and why base building can take time 
• Senate attention on crypto conflicts and what the Clarity Act could change 
• Miner performance, green days, and why market caps have compressed 
• How contracts, delivered capacity, and credibility drive valuation versus “power on paper” 
• OpenAI’s massive capex ambition and why talent migration matters in AI infrastructure 
• Earnings season watchlist for Cipher, TeraWulf, and Galaxy 
• Galaxy’s 8-K and the plan to finance a Texas AI data centre campus 
• Hut 8 analyst targets and what expanded coverage signals for HPC pivots 
• IREN’s updated revenue outlook, price target upside, and the Horizon commissioning timeline 
• Keel’s Scrubgrass ordinance, local scrutiny, and long dated 2028 to 2029 build path 
• Jim Cramer’s Keel comments and why we still rely on our own research 

Let us know in the comment section below what you think of today's headlines and your top pick in the space currently!

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Transcript

Welcome And Today’s Headlines

SPEAKER_01 0:00

Hey guys, welcome or welcome back to the channel McNally Money, the official home of power analysis. A big episode in store for you today. We're gonna be taking a look at the latest news out from Keel, Iron, Cypher, and Tear Wolf, just to name a few. We've got a lot to talk about. You know the routine. Smash the like button, guys. Big help to myself and the channel. Anthony absolutely loves it. If you're not already subscribed, McNally Money, feel free to join. And let us know in the comment section below what you think of today's headlines and your top pick in the space currently. With that being said, let's get into today's episode.

Bitcoin Cycle View And Base Building

SPEAKER_01 0:40

All right, guys, away we go. Wednesday afternoon, another good looking day in the market. We'll see if we can string three back-to-backs together here. We've got some big headlines out, some of the favorite companies in the sector. We're gonna be talking keel, iron, cipher, just to name a few. Before that, though, Anthony, Bitcoin, we've been focused on this little bounce we've seen over the last few trading sessions. Wanted to switch it up today. We pulled up a five-year chart so you can get a better feel for that full four-year cycle. We don't necessarily want to call the bottom yet, but it definitely looks like some base building activity.

SPEAKER_00 1:15

Yeah, we'd like to think that bottom was in that sort of high 50s, 58,000, 59,000, and we're starting that slow process. If you look at the last cycle there, it got down to just under 16,000. It took the best part of two years then to sort of get to about 42,000. So, you know, this is not looking to be a uh, you know, a quick recovery, but it's getting to that bottom to give you a platform to then build from, and hopefully we've reached it. But six six today will take that as I say. I think yesterday we reported it was up three to four percent on the week. So, you know, happy with that.

SPEAKER_01 1:50

Happy with that indeed. Now, we haven't talked about Bitcoin or crypto policy in a while on the channel.

Crypto Policy And The Clarity Act

SPEAKER_01 1:56

There's been a couple headlines that caught our attention today. The first one uh out from the Senate talking actually about uh federal officials, including the president himself, being involved in the crypto space. We then have one from Brian Armstrong, CEO of Coinbase, talking about the Clarity Act as well. So it seems there are some uh positives coming here, Anthony. But again, we've been waiting for quite some time.

SPEAKER_00 2:22

Yeah, this update basically highlights that presidents and other federal officials would be banned from issuing or sponsoring cryptocurrency and other digital assets under the newly updated legislation the Senate is considering. Now, the Republicans on on uh today have updated a measure already on consideration known as the Clarity Act. We've talked about this on the podcast uh previously, and that this would be the first major legislation governing digital assets. Now, CNBC has obtained the bill text, which now includes the first limits on how presidents may profit off crypto itself.

SPEAKER_01 2:59

Kind of funny, eh? We've talked a little bit about that on the channel, but now uh see some legislative movement. Nice to see though, Brian saying we're at the one yard line. So indicating we're getting very, very close to seeing that Clarity Act. We hope that comes in this year and gives some structure to the market here. Hopefully, some uh life back into the Bitcoin and crypto price.

Miners Heat Map And Riot Valuation

SPEAKER_01 3:22

Now moving over to the miners, I said three for three days, Anthony. Looking fairly green out there. It was red in pre-market. We've seen a little bit of recovery. There are a few in the red, but a pretty strong week to start off.

SPEAKER_00 3:34

Yeah, um, yeah, it looks like uh you know, predominantly green day says a few companies in the red, but when you look at you know the level of percentage in the red there, you know, marginally level there, cause and foo foo just fractionally under, Galaxy Saloon is just over a percentage, and ABTC um down 2.4%, but has had a good week so far, A B T C. Um, Riot's leading the way, and um bear in mind riot um you know only have at about 50 megawatts of uh compute power at the moment um with AMD. And so when you look at uh their their peers there, you've got Cypher, you know, uh with you know two or three deals under the belt there. You've also got the likes of Terra Wolf, you know, with with again three or four deals under their belt, and right haven't got a deal, and they've still got this sort of like market cap heading towards 9 billion at the moment, it was significantly higher before when the share price was at $30, but still showing remarkably good market capitalization. Now, obviously, the market must be building in that uh you know, the fact that Corsi Carna and Rockdale are two prime sites, only 120 miles away from each other, just south of Dallas, just north of Austin. You know, prime position to uh put you know uh you know a HPC uh site in full flow there, Corsi Carna. It's a one gigawatt site. Uh, you know, Rockdale is a 700 megawatt site at full power as well. And then as I say, they've only issued about a hundred megawatts of that there, so plenty of potential in both those sites. Probably a fraction of that is built into the share price, but it's up seven percent today with no news out there whatsoever. So maybe some of these companies we we we saw Sife yesterday having a really good run, and that's the sort of second uh play stock today, up nearly three and a half percent. So whether you know, people are just selecting uh value each day in another minor. Um, very interesting. Iron's having a good day, you know, again over two and a half percent up, and keel up two and a half percent as well. And we'll come on to some news about iron and keel uh shortly. But um overall, you know, positivity there. You can see the day range. We're at the sort of the highs of the day range, with with one exception there. Fufu started the day better, but has pulled back now uh slightly under 0.7% under the starting price of the day, you know, and uh you know that's as at the time of the podcast. So, you know, a lot more can happen in the next few hours of market trading.

SPEAKER_01 6:01

Yeah, it really can. Now, you mentioned the market cap of Riot. We move over to the heat map here. We wanted to draw your guys' attention to the market cap column. Uh, so right next to the tickers there. Interesting to see we only have a few

Market Caps Versus Signed Power Deals

SPEAKER_01 6:14

names above $10 billion, Anthony. This has come down quite considerably from maybe those June 22nd highs. Uh, what's your take on that when we look at the value of these companies versus maybe a core weave, a Nebius, some of those neo clouds that are a bit more established?

SPEAKER_00 6:30

I think it's basically uh, you know, all on the contracts that have been signed at the moment. I mean, you know, you talk about Nebius and Core Weave. They've signed, you know, a lot of contracts already. They're you know extensively higher than some of the companies here. Iron's only issued a very, very small amount of its power portfolio in terms, you know, towards HPC. So it's it's it's got the the power in in sort of British Columbia, and it's now you know, obviously about to start handing over Horizon 1, 2, 3, and 4 this year to Microsoft for that 200 megawatt deal. But here's a company with the best part of six gigawatts of power. Um, and here we have you know IRIM with a market capitalization of just over 15 billion at today's share price, but that's been as high as you know, 22 billion this year when the share price was significantly higher. Now, we did have probably about five um or even six of these companies uh in sort of like double-digit uh billions um earlier in the year when you know share prices were at high. And if you look at the one-month change, that's telling you how much some of these companies have pulled back. So if you look at the likes of you know TerraWolf, they're at 9.7 billion, they've pulled back 28% just in the last month. Cypher down 16% just last month, those two companies would have been above 10 billion. Riot again, 19% in the last month, that would have put them above 10 billion, and Core Scientific 18% down over last month. That would have certainly put them in that sort of uh you know 9 billion to 10 billion bracket there. Now, once some of these once these companies start adding more of their power to contracts, um, you know, you're gonna see these companies grow. And and and you know, at the moment we've got the likes of Hutt and TerraWolf who are uh um have have issued slightly over 900 megawatts of compute power. Um, I think once we start seeing you know gigawatts or one and a half gigawatts, two gigawatts, you'll see the market uh capitalizations really start to uh improve. And also the fact is, I think we're still waiting to see if these companies can deliver these contracts as per the contract, and therefore, when analysts are looking at the sort of future revenues, are the future costs in line with the revenues that they're anticipating and will their price targets match uh once delivery is seen?

SPEAKER_01 8:54

It's a good point

OpenAI Spending Surge And Talent Moves

SPEAKER_01 8:55

you bring up. Yeah, I think a lot of these companies are kind of in the prove it stage right now. However, if we look at the macro demand signals, we've been talking a lot about the investment, the capex, the AI infrastructure build-out. Yet again, a major headline today out from OpenAI. So an anthropic competitor now saying they could spend up to 750 billion or three-quarters of a trillion dollars by 2030. So at a high level, Anthony, we're continuing to see major money flow into this space.

SPEAKER_00 9:26

Yeah, that's an extra 150 billion on what they previously um told the president they were going to be investing. I remember that conversation, Sam Altman, and a number of the big CEOs from some of the uh hyperscalers out there, you know, the likes of Meta, Microsoft, Google, we're all sat around the same table, all committing at least 100 billion a year. And now we're seeing companies raise even more. Now, you know, with OpenAI, 20 billion has been committed to a new Georgia data center, adding to OpenAI's expanding owned and contracted infrastructure. They've also hired um an architect from Elon Musk's compute build-out, uh Brent Mayo, um, you know, and he was responsible for the Colossus Suputer at uh AI in Memphis. Now, you know, we're seeing not just this from uh the likes of OpenAI, but many of the companies that we talk about on a daily basis, talent migration continues as, you know, as the operators uh, you know, who can deliver capacity at speed are being snapped up left, right, and center. And it wasn't too long ago that we had an update from John Belazaire on on a on a talent they'd acquired uh from Microsoft.

SPEAKER_01 10:40

Yeah, we wanted to throw this in. We just heard about the Ryan Carver pickup from Microsoft coming in as the CDO. So we're starting to see not only a lot of real capital in terms of dollars, but human capital move around here as well. The other thing that caught our attention about this, we've talked about this in-sourcing debate between the hyperscalers. Are they gonna build it themselves or are they gonna outsource it? We're now continuing to see deals like this from Meta. We talked about Microsoft's deal with Mistral yesterday, and now OpenAI injecting more money into the build-out. So it appears, as we've been saying, the demand is relentless, the GPU space is limited, and these companies need to inject more money. Uh, so a great demand signal, and we expect many more of these types of updates over the next few months.

Earnings Calendar And Galaxy Debt Raise

SPEAKER_01 11:27

Now, speaking of updates, we're going into earnings season here, Anthony, four times a year. Our happiest uh couple months here. We get to do all the interviews, get your guys' questions answered. We've got a great lineup here so far out of the gate, kicking off in August, actually on the fourth. We've got Cypher Digital with their Q2 earnings. Uh, that's gonna be great to get an update on their continued build-out in Texas. We've got Terra Wolf out on the fifth pre-market. Again, we'll be having a member of the team on to talk about their AI build-out and strategy moving into the back half of the year. And finally, Anthony Galaxy, the same day, same time as Wolf, the morning of the 5th, uh, going to be coming out with their Q2 earnings as well. So a stacked week there to kick off August and very exciting times at Power Analysis.

SPEAKER_00 12:17

And it's great that you mentioned uh Galaxy there because they managed to uh put out an update today, not through a press release, but through an SEC filing. They filed a Form 8K um earlier today, basically to announce plans to raise just over $3.5 billion of senior secured notes, which will be due in 2031. Now, the money itself will help build a new AI data center campus in Texas with eight data halls, 400 megawatts of power, and 260 megawatts of IT capacity. And in doing quick maths in my head, that's around about 1.5 uh PUE there. If you look at the amount of ancillary power to compute power, um, now, although the deal itself hasn't been finalized, we'll start to hear more and more updates as um they go to market for the this uh for this debt. Uh once completed, it's another major investment in AI infrastructure and shows that the demand for large-scale computing continues to grow. And remember, you know, they've got a site there that could be potentially one of the biggest sites uh that we see uh in Texas there. They've got the Helios site there, uh, which at the moment I think they've got approval to go to 1.6 gigawatts of power. So, you know, think you know, very close to what we've seen at Sweetwater 2 in terms of size there, but that's uh a colossus amount there. They've already got a big deal with Core Weaver at that site, um, and I would imagine if they once they uh start to build out the rest of that, maybe they uh core weave who've been buying up power left, right, and centre. They they've they bought up the power from uh Core Scientific 590 megawatts. They've got the Helios site there where they've done the first tranche of deals there. Um that's likely to grow and grow all the way through, maybe. I mean, we you know some of these sites here they may not want a competitor on the same site, so it might be that you know, with this big demand for power, why not use a site that you're already operating on? You've already got that relationship with the company, grow that, grow that deal uh further. We've just seen the likes of Hutt 8 do exactly the same at Beacon Hill for phase two that they did in phase one. Dollar for dollar, size for size. That's what you get when you're having you know a good relationship there. They'd grown that deal twice as much, it's nearly 20 billion dollars there. I think Galaxy probably could do the same at the Helios site there, and they're raising money now to help them build these data centers further. So getting all the ducks in a row, as I say, not quite finalized yet. We'll we'll provide you more updates as they come uh clear there. But uh, but uh a little update through the uh through the SEC finals today for Galaxy.

Hut 8 Targets And Analyst Coverage

SPEAKER_01 15:02

Yeah, nice find there, Anthony, and a perfect segue into HUD 8 Corp. We talked about the benchmark target of 195 earlier this week following that big Beacon Hill upsize announcement or the completion of that lease site. Uh, we wanted to throw this in just to show a little bit of the range here in terms of the price targets. These are the top five targets uh from Wall Street. You can see a consensus of about 184. But really, regardless of which bank you look at, Anthony, there's tremendous upside in HUD 8 among other companies in the space.

SPEAKER_00 15:34

Well, there's there's tremendous uh potential in all these companies now that they're moving to HPC. I did a little uh bit of analysis a couple of years ago to see which companies had you know analysts following there. And at the time, some of the companies had you know five or six analysts there. We're seeing a lot more now. You can see from this uh screenshot here, 16 analysts are following up eight, and iron's one of the companies that we talk about you know a lot on a day-to-day basis. Um, so 16 analysts there. We've even seen the likes of Saluna managed to get their first analyst. They didn't have an analyst following during that Bitcoin mining phase. As soon as they've highlighted the fact that they're now moving into HPC with a number of sites that they're going to bring online, um, especially uh the one that they managed to sneak into their July uh business update. Cati 2 phase two is um is going to be you know a HPC co-location site there, 100 megawatts already signed as an LOI, and the companies now will be working through to get that executed into a deal structure. Um, but you can see from all this HPC, the analysts are now coming into the space, they're now seeing what HPC is. I spoke to a number of analysts a coup a couple of years ago, and I asked them what their feelings were on Bitcoin mining. And to be honest with you, and I've mentioned this before on the channel, they didn't see it as a business model, but the numbers we're talking about in HPC are going to be significantly greater. All these discussions have at the moment, we've just talked about Galaxy, you know, with their site there. Hot 8 have got 26 billion dollars of deals signed up already with Riverbend and Beacon Hill, and they've still got probably 80% of the power pipeline in place to issue for more contracts going forward. But it's great to see those uh analysts coming out there. The average price increase or the average price um rating that has been given is is $184. Now, if you look at the share price today, hovering just over $100, you've got plenty of upside, 82% upside at the time of the uh podcast. So uh, you know, another one to look at, do your due diligence. Um, it looks like Hut Ave have really um grown in this sort of since this this this this merger of two companies happened three years ago, and they're now you know firmly in that sort of second position. When you look at the market capitalization of nearly $12 billion, only iron is positioned above them on the companies that we talk about on a daily basis.

SPEAKER_01 18:09

And this is honestly what we love as retail investors. You identify a sector or companies based on the fundamentals before the financials catch up. You can get into these companies while they're cheap, and then Wall Street comes with the brig updates and piles in with the regular investors.

IREN Upside And Microsoft Commissioning

SPEAKER_01 18:27

Uh, speaking of iron, we've got a price target on them as well. Uh, this one's out from HC Wainwright. I'll let you walk through the numbers, Anthony, citing many of the same points we've been discussing throughout the week here. Seems the interest in iron or the limelight is shining back on this company.

SPEAKER_00 18:43

Yeah, we saw a bit of momentum this week. Share prices has been moving up over the week. They're up probably nearly 9% uh over the last five days. Key takeaways in this here. This is you know uh another target based on the fact they announced this $2.8 billion of new multi-year AI cloud contracts, raising their annualized revenue from $3.7 billion to $4 billion. So, you know, a significant rise there. Um, 85% of the updated ARR target is now contracted at $3.4 billion, and the implied revenue is also up there, up 8% to about $3.04 an hour, indicating that the price is wrong. We've talked about that on the channel as well there. So this $90 maintain there, if you look at where the share price is today, it's around about $42 live. Now I can see the the share price on the exchange. This target of $90 as a maintain is you know 117% higher than the current share prices at the moment. So um again, Iran one of the biggest players there. The share price did reach a closing price of $76 back in October last year. And you know, indicators are that um, you know, once we see some more of the co-location there, that price target, you know, will certainly be more than mirrored going forward.

SPEAKER_01 20:11

Now, Anthony, the next story here. I don't want to alarm you. I was out in the job market applying for some roles last night, and I stumbled across this one. I wanted to get your thoughts on it. We talked about the Horizon 1 electrical completion ceremony yesterday on the podcast. This was an interesting posting in terms of a data center commissioner based in the Texas region.

SPEAKER_00 20:33

Yeah, and what we did say um on the channel was the fact that, you know, the fact that the electrical parts of it have been completed, um, that didn't mean the end of the position there. There's also going to be testing and more importantly, commissioning um and the handover um folders have to be completed before the physical handover to Microsoft. And you know, this is all going to plan. We've heard from Iron Q3 2026 is the date that Horizon one's expected to. It looks like it's well underway. It looks like most of the actual works have been completed now, and you're just down to testing commissioning handover. So, you know, we'll wait for Iron to give us more information there. But great to see you know them on target again. I mean, we've been fortunate to see this, you know, for the last couple of years, ever since they were at 10x a hash, and they raised that target um, you know, for for for hash rate target significantly by about 40x hash over the next 12 months and achieved that. We we anticipate they'll start achieving all their targets continually throughout 26 and 27, getting this uh this first big deal through the through the door and then moving on to to the next big deal with with with like I said before significant power pipeline available.

SPEAKER_01 21:50

Yeah, we've got full confidence in the team at Iron.

Keel Scrubgrass Ordinance And 2028 Timeline

SPEAKER_01 21:53

Another team we really like, Keel and Ben Ganyon. He's committed to three deals by mid to late summer. Now, this next piece of news relates to a further out project, Scrubgrass. I'll let you go through the details here, Anthony, but we gotta say we really like the granularity uh with Keel. We're going through the process with them. It almost feels like we're part of the team walking through this uh permitting, environmental, all the way up to leasing process, but scrubgrass, another check in the box.

SPEAKER_00 22:25

Yeah, and one thing that we've been grateful for, Ben is he's gave us an insider's view of everything that they're doing. I don't think we've seen as much detail at this level from any of the other companies moving into this space. You know, this is not Bitcoin mining, this is a totally different strategy, and there's going to be more requirements to complete and go through, more hurdles to go through. Now, the Scrubgrass Township have just passed the data centre ordinance as Keel's Pennsylvania plans draw the local scrutiny. Now, this 25-page ordinance has passed unanimously. It covers the likes of utilities, water usage, noise, environmental impact, facility appearance, vegetation buffers, and violation penalties for any data centre permit. Now, a total of 80 residents attended the meeting, which was relocated to a fireall after a prior session overflowed the township building, and a hundred attended the July 8th special meeting. And in Keel's context, the company have outlined a conceptual data centre plan at its Scrubgrass Power Plant site. Remember, this is a what potentially a 1.3 gigawatt site along the Allegheny River, currently used for Bitcoin mining. The timelines remain unchanged. Keel has guided Scrubgrass as its longest dated project, targeting 2028-29 at the earliest for first building commissioning. So remember, they've also got uh Panther Creek, they've got Sharon, and they've got Moses Lake, all effectively, you know, uh going to be signed deals uh this year. So they've got plenty of of power to um you know to focus on. But what they're you know, what they're planning for, they're planning for the future. And along with the other site in in Sherbrooke, Quebec, which we talked about again on a previous podcast recently, um, you know, plenty of um plenty of power to keep the the company busy over the probably next four or five years. Remember that's a total of 2.2 gigawatts of power. Um, they've not signed anything at the moment, but the market does like the shit the share, and you can tell that you know, effectively some of the deals are already built into this because I know that their Bitcoin mining has been reducing in terms of hash rate. I think it's slightly less than 10x the hash at the moment, operational. We'll probably get more information uh when they announce that in their earnings update. They'll tell us what what the hash rate was at the end of June, um, as that's a sort of a major part of the current business. Remember, they're going to still mine Bitcoin until that crossover. But Ben said on the previous podcast that, you know, he saw about 12 months left of mining before those machines would be switched off and the power switched on to HPC.

SPEAKER_01 25:16

Yeah, now this next update, uh, an interesting

Jim Cramer Take And Keel Versus Nebius

SPEAKER_01 25:19

one. Jim Kramer, I guess Keel's caught the attention of him as well. I don't know if it's the pipeline, the deals, Ben Ganyon, what it is. We'll play you the clip, and then I wanted to get your thoughts on two specific uh points here, Anthony.

SPEAKER_02 25:35

It's heel infrastructure, our teaching is make a. This is the kind of thing I'm willing to blast, okay? It's a hybrid infrastructure company where I do feel that something good could happen. You know what? It's not gonna be down eight hundred. I mean, some of the uh I think nebiest, congratulations to them. You want the next nebius stuff? How about that?

SPEAKER_01 25:56

Now, first point, Jim Kramer, very controversial. I wanted to get your thoughts on whether or not this is good or bad. First of all, secondly, comparing Keel to Nebius, so one of the larger neo clouds we've seen in the space. What are your thoughts here, Anthony, on Jim Kramer?

SPEAKER_00 26:14

Um I I I as a as a as a watcher of CNBC, you know, when I when I came to this space five, six years ago, I I pretty much watched CBC on a on a I mean in the UK it was, you know, it works well because it was it morning basis here. Um and so I got to listen to to some of uh his his take there. Now, one minute he was in Bitcoin, next minute it was out of Bitcoin. It was a bit in and out on some of these stocks. He's not he's been the same as some of the companies that we talk about regularly, like the likes of Iron there. He believes that that's a sell stock as well. Um, I'm not taking you know his word. Um, you know, he's not done the due diligence that you know myself and maybe a lot of other analysts in the space have done these companies. I've been with these companies for five, six years. You know, um we we get to interview the CEO more regularly than CNBC is uh, you know, interview the COs, maybe with the exception of Paul Prager from Terra Wolf. He seems to have a seat about once a fortnight on CNBC at the moment, and that's because they're signing all these deals. But what we do get on the channel is we get a lot of insight. We get, you know, um we get more colour onto what's been put out there in terms of updates. We don't get secret, we don't get people think we get secret information, we get no secret information, we don't want secret information. What we want is timely information. That's what we try and base the channel on there to be able to, you know, to let you guys know in a timely manner when things are happening. That's why we do a podcast pretty much every day because there's lots of news coming out every day, and we don't want you to wait two days to hear something that came out, you know, 48 hours before. We want to try and give you news as it comes out. With regards to Jim, you know, take it or leave it. He's probably a bit like we say in the UK, a bit like Marmite. You know, some people like him, some people hate him, you know. As I say, you know, I'll listen to what he says, but I'll generally make my own mind up there. I'll do more due diligence. I think sometimes he he he is very quick on on certain companies, uh, without have without going into any details there. Now to to put Keel as you know as as potentially a future uh Nebbius, I mean that's that's great for Keel, but bear in mind, you know, I mean he's likely next week to bring out his own ETF uh, you know, uh, and that would take you know, trying to take money away from these companies and put it into the ETF. So I don't know which fence you sit on, but um I'm I'm saying you know, great for TV. Um not not my uh I don't I don't go to Jim Craner for my stock picks if that makes any sense, Bryce.

SPEAKER_01 28:46

Well, and I just laugh comparing Nebbius to Kiel, their co-location and CSP, they're not even doing the same business model. So I guess that shows how much due diligence he's done.

Birthday Break Newsletter And Wrap Up

SPEAKER_01 28:56

And you're right, we do do a podcast almost every day, but tomorrow we're not, and that's because it's a special day. Your 60th birthday, Anthony. So wanted to wish you a happy birthday. Unless some major news comes out, we'll give you the day off for that one.

SPEAKER_00 29:10

Yeah, thanks. Looking forward to it. Um, I'm not a big birthday fan, but I suppose that when you get to 60, you probably have to do some sort of a celebration. Um, but just to give you guys an update for Friday, we've got the newsletter coming out on Friday. We've got a couple of uh big companies highlighted. We're gonna highlight Hut 8's uh deal this week. Also, we've got uh Terulf as well in the newsletter, plus a lot, lot more news there. All our podcasts are in the newsletter. So if you haven't signed up, go to the website, sign up for the newsletter before Friday, you'll start getting it straight away. It comes out once a week. Lots of information in there. Um, hopefully you like it. We've seen the numbers um going up quite nicely. So um uh hopefully you can join join the group and uh keep up to date with everything that's going on.

SPEAKER_01 29:53

Yeah, and can't wait for earnings again, kicking off first week of August. So there you have it, you guys. Some great updates today. Let us know your thoughts. We'll see you back here on Friday.