#IRENDeliversForMSFT

IREN’s first 50MW Horizon delivery is more than a construction milestone. It gives investors an initial proof point for the company’s shift from bitcoin mining toward AI cloud infrastructure under its five-year Microsoft contract, valued at about $9.7B. The key question now is repeatability: remain, within a program totaling roughly 200MW in Childress, Texas. My read is that valuation should increasingly reflect execution across#XiaomiEarningsWatch #30YYieldHits2007High #SanDiskLongTermDeals

LATEST: 💰 HIVE says its BUZZ HPC unit signed a $350M, 5-year GPU cloud contract expected to add about $70M in annual revenue.#SandiskDealsInFocus #BTCVolumeDriesUp #OKXOutcomeLeagueS2

IREN’s first 50MW Horizon delivery is more than a construction milestone. It gives investors an initial proof point for the company’s shift from bitcoin mining toward AI cloud infrastructure under its five-year Microsoft contract, valued at about $9.7B. The key question now is repeatability: three Horizon sites remain, within a program totaling roughly 200MW in Childress, Texas. My read is that valuation should increasingly reflect execution across the full rollout, not simply the scarcity value of power and land. Not advice, just analysis. #IRENDeliversForMSFT

The $3 Trillion AI Spending Problem Hiding Beneath Big Tech..

$RIOT | Riot Platforms Current Price: $20.31 Riot is evolving beyond Bitcoin mining, expanding its footprint in large-scale data centers for AI and high-performance computing. Its recent $9.1B, 20-year Anthropic agreement adds a major catalyst to this transition. With AI infrastructure demand accelerating, $RIOT is definitely a name to keep on the radar. #DailyOrbit @OKX中文

Holy sht, it just clicked for me Cursor can kill Github There's a few layers to this - Microsoft was LOOKING to put a bid on Cursor, but they walked. - Cursor made a deal with xAI instead - OpenAI acquired Windsurf - Musk <> Altman beef First, how would they do it: - prefer "cursorgit" by default in cursor ide - repurpose/clone cloud agents infrastructure infra to be gh actions runtime equivalent - undercut actions pricing by offering unlimited minutes (they make money on bugbot/cloud agents anyway) - add one command “cursor migrate ” to the cli - OSS initiative “clone your issue/comment history + stars” Why it makes so much sense: - Sentiment around Github is terrible right now - SpaceX/xAI planning to go public - Microsoft is OpenAI's largest investor, Musk can eat their market share - xAI holds a 6-month call option: acquire Cursor for $60B or pay $10B for collaboration. The $10B is guaranteed

$3.2 trillion is now locked into AI commitments and that changes everything about this buildout (Save this). Across Amazon, Google, Meta, Microsoft, and Oracle, that total splits between equipment purchases, current leases, future lease obligations, and pending stakes in AI companies. Google's total jumped to $946 billion, up a stunning 116% from the prior quarter, making it the largest single commitment pile in this entire group. Meta comes in at $731 billion, up 59% quarter over quarter, followed by Microsoft at $672 billion, up 50%, then Amazon at $453 billion, up 13%, and Oracle rounding things out at $349 billion, up 16%. Most of that money isn't a one-time purchase you can cancel next quarter, it's future lease obligations locked in years ahead of time, and that's a fundamentally stickier commitment than ordinary capital spending. Meta's future lease commitments alone jumped 90% quarter over quarter to $347 billion, and Microsoft's future leases grew 67% to $329 billion, while Oracle's future lease book more than doubled from where it started, sitting at $260 billion. Google's equipment purchase commitments spiked 144% to $811 billion, by far the largest jump of any single category across any company, showing just how aggressively it's been signing purchase orders it can't easily unwind. The reason this framing matters is that a normal capex cycle can be slowed or paused whenever a company decides demand has cooled off. A multi-year lease or a signed equipment purchase order doesn't work that way, since these are contractual obligations the companies have to honor regardless of what happens to AI demand next year or the year after, which makes this buildout far stickier than a typical spending cycle. That's the real reason hyperscalers are locking in power, compute capacity, and physical infrastructure years ahead of when they'll actually need it, since waiting to sign these contracts until demand shows up would mean losing access to capacity entirely in a market where everyone else is racing to secure the same scarce resources. $3.2 trillion of AI commitments has to flow somewhere, and Milk Road subscribers are already up massively on several of the trades positioned around this buildout. If you want to see exactly what we’re buying as that money flows into power, data centers, chips, memory, and networking, come join us for just $1 using the link below.

BREAKING: Hive Digital signs $350M five-year GB300 GPU deal, targeting $200M cloud ARR by year-end.