Dimetrics.ai

$RIOT new Rockdale lease prices at ~$199/kW-mo. That continues the clustering we've seen in recent modified-gross leases, which are printing in a tight $188–202 band: - $GLXY / CoreWeave (Helios III): $188 - $WULF / Anthropic (Hawesville): $197 - RIOT / Frontier AI Lab (likely Anthropic) (Rockdale): $199 - $BTDR / Volta (Tydal): $202 Recent triple-net leases cluster lower, at $147–159, from $CORZ ($147, AMD), $HUT ($155, likely NVIDIA), $CLSK (unknown IG tenant $157), and $CIFR ($159, AWS).

$BTC vs the AI trade over the last month. BTC continues to be largely inversely correlated with the AI trade. This is a trend to continue to watch in the near to medium term especially if this earnings season continues to produce several capex revisions higher (which i think it will) we may see a more aggressive rotation trade back out of $BTC and crypto back into certain AI related names.

This chart available for Plus and Pro customers on @Dimetrics_ tracks the relative performance spread between BTC miners that have signed HPC leases and those that haven't. Once a miner signs a lease they get included in the lease bucket for performance tracking on a forward basis. That spread was widened significantly over the past few months which has created attractive opportunities in names like $MARA $ANY $GREE $BTDR $SLNH $BDGE $KEEL despite the fact that these companies have signaled plans to convert their capacity to HPC the market is still discounting their MW's and the probability of them successfully signing a lease quite substantially. If you're investor in datacenter stocks or neoclouds you need to create an account at dimetrics.ai/ for more insights and data analysis like this.