Bitcoin miner with locked-in power infrastructure

Y’all calling this an AI rally? 👀 Look closer at what’s actually getting bid and it starts to look like an electricity rally wearing an AI costume. US power demand is set to rise about 2 percent this year. Sounds boring until you see where it comes from: Commercial usage jumping around 5%, almost ALL of it data centers. Then this week a bitcoin miner signed a 9 billion dollar, 20-year cloud deal and the stock ran 25%. Nobody paid $9B for the coins. They paid for the power contracts and the land next to a substation. The chip and memory story keeps getting the headlines. The thing every part of that story quietly depends on is a plug in the ground that somebody already locked up. Worth knowing who owns the plug. $NBIS $IREN $CIFR $WULF $RIOT $BRUN -BP Not financial advice.