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TeraWulf, Fluidstack & Google Deal + Canaan Earnings Analysis!

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Manage episode 500315867 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

TeraWulf lands a game-changing hyperscaler deal with FluidStack and Google worth $3.7 billion over 10 years, representing what the entire Bitcoin mining sector has been waiting for. We also examine Canaan's Q2 earnings which show their strategic pivot toward self-mining as a significant revenue stream.
• TeraWulf shares surge over 50% on news of the FluidStack/Google partnership
• Deal includes 200 megawatts of critical IT load with 85% operating margins
• Google taking an 8% stake in TeraWulf to align interests
• TeraWulf secures 80-year lease at Cayuga site for 400MW additional HPC capacity
• Plans to deploy 150-200MW of new HPC capacity annually
• Canaan Q2 revenue reaches $102 million with 28% now coming from self-mining
• Bitcoin price pulls back from $124K to around $117K
• Core Scientific shareholders facing decision on CoreWeave acquisition as valuation decreases
• Mining companies pursuing HPC strategies see share prices rise despite Bitcoin pullback
• Industry experts suggest we're just scratching the surface of hyperscaler partnerships
Smash the like button if you found this information valuable and subscribe to McNallie Money for more power mining analysis. Let us know in the comments if you're holding TeraWulf shares and what you think about today's news.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

1. TerraWolf Lands Hyperscaler Deal (00:00:00)

2. Bitcoin Price Movement Analysis (00:06:13)

3. Mining Stocks Performance Update (00:08:55)

4. Core Scientific and CoreWeave Deal (00:14:25)

5. Canaan's Q2 Earnings Overview (00:19:20)

6. TerraWolf-Google Partnership Details (00:26:08)

7. Key Takeaways and Final Thoughts (00:29:40)

382 episodes

Artwork
iconShare
 
Manage episode 500315867 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

TeraWulf lands a game-changing hyperscaler deal with FluidStack and Google worth $3.7 billion over 10 years, representing what the entire Bitcoin mining sector has been waiting for. We also examine Canaan's Q2 earnings which show their strategic pivot toward self-mining as a significant revenue stream.
• TeraWulf shares surge over 50% on news of the FluidStack/Google partnership
• Deal includes 200 megawatts of critical IT load with 85% operating margins
• Google taking an 8% stake in TeraWulf to align interests
• TeraWulf secures 80-year lease at Cayuga site for 400MW additional HPC capacity
• Plans to deploy 150-200MW of new HPC capacity annually
• Canaan Q2 revenue reaches $102 million with 28% now coming from self-mining
• Bitcoin price pulls back from $124K to around $117K
• Core Scientific shareholders facing decision on CoreWeave acquisition as valuation decreases
• Mining companies pursuing HPC strategies see share prices rise despite Bitcoin pullback
• Industry experts suggest we're just scratching the surface of hyperscaler partnerships
Smash the like button if you found this information valuable and subscribe to McNallie Money for more power mining analysis. Let us know in the comments if you're holding TeraWulf shares and what you think about today's news.
Sign Up for Our Free Weekly Newsletter: https://www.powermininganalysis.com/newsletter

  continue reading

Chapters

1. TerraWolf Lands Hyperscaler Deal (00:00:00)

2. Bitcoin Price Movement Analysis (00:06:13)

3. Mining Stocks Performance Update (00:08:55)

4. Core Scientific and CoreWeave Deal (00:14:25)

5. Canaan's Q2 Earnings Overview (00:19:20)

6. TerraWolf-Google Partnership Details (00:26:08)

7. Key Takeaways and Final Thoughts (00:29:40)

382 episodes

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