Power Analysis

Anthony Power & Bryce McNallie

Power Analysis is the premier destination for investors tracking the Bitcoin mining and AI infrastructure space.

Hosted by Anthony Power (@cazenove_uk) — one of the most respected voices in Bitcoin mining stock analysis — alongside Bryce McNallie (@McnallieM), Power Analysis delivers in-depth company interviews, earnings breakdowns, sector news, and market commentary — direct from the executives building the next generation of digital infrastructure.

Whether you're actively trading mining stocks, researching AI infrastructure plays, or just getting started — Power Analysis gives you the edge with timely, accurate coverage across the companies that matter most.

New episodes dropping regularly. Subscribe and never miss a move.

🐦 Follow Anthony on X: x.com/cazenove_uk

🐦 Follow Bryce on X: x.com/McnallieM

📊 Anthony's Patreon: patreon.com/cw/Cazenove_UK

📊 Bryce's Patreon: patreon.com/c/McNallieMoney

🌐 poweranalysis.io

For information and entertainment purposes only. Not financial advice.

Play

Open in

32 episodes
daily
Avg 41 min
English

Episodes 32

Newest Oldest Longest

All20 Unplayed20 In progress0 Played0

Counted on this page — what you have heard stays on this device, so it is not something the list can be paged by.

S1 · E660
Yesterday · 54 min
IREN FY26' Earnings Deep Dive, Outlook & Price Targets + WULF & SLNH News!
We break down IREN’s full-year earnings and map the pivot from Bitcoin mining to contracted AI cloud revenue built on power, data centers, GPUs, and software. We also talk through the macro backdrop, the sector selloff, and why contract pricing and financing terms may matter more than the day-to-day tape. • Bitcoin weekly close and what to watch next • Fed remarks from Jackson Hole and why rates hit this sector • Heat map volatility and the psychology of holding drawdowns • Insider buying at Saluna and what it signals • Terawulf analyst target context and management conviction • IREN headline numbers including $1B annualized run rate and $4B contracted run rate • Mining revenue downshift versus cloud services revenue ramp • Impairments and depreciation from decommissioned ASICs • Balance sheet growth, cash position, borrowing and ATM dilution watch • The “physical world can’t keep pace” thesis behind AI demand • Full stack integration and why IREN avoids pure colocation • Customer mix diversification across hyperscalers, labs and enterprise • Contract economics including term length, megawatt pricing and prepayments • 2026 to 2028 buildout plan across multiple geographies • Financing structure from investment-grade GPU loans to higher-rate facilities • 2027 capital requirements and the repeatable funding playbook • Wall Street price targets and the valuation gap between mining and HPC multiples Let us know in the comment section below what you thought about Iron's Call, the results, and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E659
Thursday · 36 min
DMG Earnings Analysis, Top CORZ & IREN News!
Bitcoin pushes above 80K while miners and AI infrastructure names turn the heat map green, and we connect the move to real catalysts in data center contracting and financing. We share conference notes from Hong Kong, run the numbers on a massive AI compute deal, break down Core Scientific’s credit facility, and dig into DMG’s earnings and what still needs to happen next. • Bitcoin’s trend and why short-term volatility matters less than long-term positioning • What we see and hear at Bitcoin Asia in Hong Kong and why Asian infrastructure demand is growing • Preferred shares returning to par value and what consistent buying signals to investors • Daily movers and what the heat map says about sentiment across miners and HPC names • Quincy, Washington as a counterpoint to NIMBY narratives around data centers • Anthropic and NScale’s $45B contract and what rising $ per megawatt implies for GPU hosting rates • Core Scientific’s $600M senior secured facility and why SOFR + 1.75% stands out • DMG Blockchain’s quarterly results, cost controls, balance sheet context, and the LOI still not converted • IREN’s upcoming earnings, the debate around a director’s paid subscription, and a skeptical JP Morgan price target Make sure you pop over to the website, you guys, poweranalysis.io Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E658
Thursday · 32 min
Nvidia Earnings Shockwave, BTDR AI Updates, WYFI & SLNH News!
Nvidia’s blowout quarter becomes our roadmap for where AI infrastructure demand is heading and why “companies with power” matter more than ever. We connect the dots between GPU spending, data center buildouts, Bitdeer’s mixed mining and HPC strategy, and what we’re watching into Iron earnings. • Bitcoin range check and why we zoom out on volatility • Market heat map read across miners and AI infrastructure names • DMG moving ahead of earnings and what LOI timelines reveal • Soluna insider buying and what it signals on long-term build plans • Whitefiber NC1 commissioning progress and the path to contracted revenue • Bitdeer July production surge, hashrate growth, and fleet efficiency angles • AI cloud utilization and how fast GPU capacity is getting contracted • Norway colocation economics, PUE advantage, and renewable power positioning • Nvidia revenue, data center growth, margins, buybacks, and what it implies for the mining to HPC shift • After-hours moves, sector shorting dynamics, and what we’re tracking next week Let us know in the comments section below what you thought about NVIDIA results and what you're expecting from IREN tomorrow! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E657
Tuesday · 40 min
Incoming Catalysts: Latest BTDR & SLNH Deal, IREN & DMGI Earnings Incoming!
Bitcoin pushes back toward 80k and we zoom out to the four-year cycle, ETF inflows, and the policy tailwinds that could shape the next phase of adoption. We also track how AI infrastructure deals and GPU pricing are changing the playbook for miners, with IREN, DMG, Soluna, and Bitdeer front and centre. • Bitcoin’s recent rally and why we prefer a steady climb • Four-year cycle overlays, resistance turning into support, and long-range price targets • Bitcoin ETF net inflows as a demand signal and what might be driving them • Regulatory momentum and why the Clarity Act matters for broader adoption • Conference takeaways from Hong Kong and the mining infrastructure meets AI theme • AI infrastructure stock heat map, 52-week ranges, and how we approach profit taking • NVIDIA earnings expectations and why data center revenue sets the tone • IREN’s CSP strategy, commissioning timelines, and bridging the ARR gap • GPU spot pricing, hyperscalers vs neo-clouds, and what that means for future contracts • DMG earnings watchlist, LOI conversion timing, and Christina Lake upside scenarios • Soluna and BitDeer’s Caty One co-mining deal and why revenue share structures matter • Mining viability in 2026, ASIC efficiency, and why joules per terahash decides margins Let us know in the comment section below how you’re feeling about the sector and your top pick in the space currently! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E656
Monday · 26 min
Latest Site Updates at KEEL, SLNH & WULF!
Bitcoin pushes toward 80K while we map what that means for miners, treasury holders, and the stocks that still trade like pure crypto beta. We also run through major site and financing updates from TeraWulf, Whitefiber, Soluna, and Keel, with a focus on power, permits, and capital. • Bitcoin’s five day rally and why it may still be early to call a full cycle • Strategy’s preferred share repurchases and the growing USD reserve for dividends • Strive crossing par value and returning to active Bitcoin buying • Why some miners rise with Bitcoin while HPC AI pivot names decouple • TeraWulf’s 482MW Kentucky approval and why ratepayer protection matters • Whitefiber’s upsized convert, old note paydown, and funding long lead items • Soluna’s Dorothy 3 land acquisition and renewable powered AI campus optionality • Keel’s Pennsylvania permitting confidence, water scrutiny context, and Moses Lake signals • Insider buying as a sentiment and alignment marker Let us know in the comment section below what you make of today's headlines and if you're currently holding any of these companies! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E655
August 20 · 48 min
Bitcoin Breakout & Earnings Highlights: HUT, WULF, MARA, ABTC, BTBT, WYFI, KEEL, SLNH & HIVE!
Bitcoin and Ethereum rip higher as falling long-term yields, ETF inflows, and a massive short squeeze collide. We connect the macro catalysts to the miner and AI infrastructure names we follow, then pull the best execution and strategy nuggets from eight recent CEO interviews. • Bitcoin and Ethereum momentum and what it means for risk appetite • Fed minutes context and why rate sensitivity still matters • Treasury long-bond buybacks and the link to falling yields • Short liquidations and how squeezes accelerate rallies • White House crypto meeting and the September 15 procedural vote • Miners and AI infrastructure stocks reacting to crypto strength • Hut 8 contracted leases and triple net margin profile • TeraWulf power demand realities and why PUE changes economics • MARA dual-track strategy and using downtime intelligently • ABTC cost to mine metrics and fleet efficiency as survival traits • Bit Digital’s Ethereum treasury, NAV discount, and NC1 to NC3 catalysts • Keel permitting readiness and why timeline confidence matters • Soluna pipeline signals and what we watch for next • Hive’s GPU scale math and the valuation gap question Let us know in the comment section below if you're holding any of these stocks and if you've been taking advantage of this most recent dip! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E654
August 19 · 37 min
Pennsylvania Data Center EO, KEEL, BTDR, NBIS & WYFI News!
We break down a sharp market recovery as Bitcoin rallies and crypto-linked equities whip around on fresh ETF flow data and shifting sentiment. We also dig into how financing and politics are reshaping the AI data center and HPC trade, from convertibles to Pennsylvania’s new permitting rules. • Bitcoin price surge and why ETF inflows matter for momentum • Miner stock moves versus HPC and AI infrastructure names • Reading the heat map, 52-week ranges, and what volatility signals • Bitdeer’s Malaysia AI cloud plan, contract structure, and analyst price target • Nebius $4.5B convertible and how it funds GPUs and data center build-outs • WhiteFiber $270M convertible, dilution pressure, and expansion strategy • Pennsylvania Governor Shapiro executive order and the new local approval leverage • Keel site-by-site implications in PJM and why analysts see limited impact • Nebius Pennsylvania site timing risk under the new process • Hive valuation comparison, US market access strategy, and big GPU revenue potential Let us know in the comment section below what you thought of today's headlines and if you're taking advantage of this recent dip or adding to any positions! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E653
August 19 · 23 min
HIVE Digital Technologies - CEO, Aydin Kilic & Chairman, Frank Holmes Q&A - Q1 Earnings, ARR & Deals!
We break down Hive Digital’s blowout quarter and the execution behind its surge in revenue and scale. Then we dig into the $350M enterprise AI deal, why GPU compute changes the unit economics per megawatt, and how geography and regulation shape the roadmap from Paraguay to Canada and Sweden. • Q1 performance highlights including revenue scale and operating cash flow focus • Why management believes relative valuation hinges on forward revenue and EBITDA • How the Paraguay buildout delivers economies of scale in Bitcoin mining • The $350M investment grade enterprise contract and what made it possible • The Bell Canada relationship and why ready capacity matters more than hype • GPU procurement realities across major OEMs and the role of competitive availability • Progress toward the $200M ARR target plus the longer-term HPC colocation pipeline • The case for Paraguay as future HPC and AI capacity alongside mining • Political and regulatory risk in emerging markets versus tax uncertainty in Sweden • GPU versus ASIC profit density and why residual value changes the equation • Proof of concept for exporting compute over thousands of miles and why it matters Let us know in the comment section below if you're currently holding shares of Hive and what you thought about these most recent developments! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E652
August 18 · 47 min
Best AI Infra Picks in 2026: IREN, KEEL, HIVE, BTBT, MOVE & DUOT News!
We track a whiplash day where Bitcoin pushes higher while miner and AI infrastructure names slide, then zoom out to the real drivers: contracts, megawatts, balance sheets, and valuation gaps. We also add new tickers to the watchlist, pressure-test bullish price targets, and end by sanity-checking how a potential Anthropic mega-IPO could reshape M&A and perceived counterparty risk across the space. • Bitcoin price action versus red miner tape and what it signals for sentiment • Why volatility, shorting, and positioning can suppress share prices despite improving fundamentals • Bit Digital’s NAV discount, Ethereum holdings, staking yield, and WhiteFiber stake dynamics • Megawatt deal economics and why $2M per MW becomes a key benchmark • Hive price targets, contracted revenue ramp, and the longer-term Paraguay HPC option • Corvex (MOVE) earnings, confidential computing angle, and reserve capacity contract structure • Duos Technologies (DUOT) earnings highlights, liquidity, and the $500M 55MW hosting agreement • Cantor price target framing and what needs to happen for upside to show up in the stock • Insider open-market buying at Keel and why deal timing matters less than 15-year duration • Anthropic IPO scale, what it could validate for large leases, and why M&A math gets weird fast • IREN’s Mirantis acquisition consideration breakdown and what to watch in upcoming results Let us know in the comment section below if you’re currently holding any of the stocks discussed and your top pick in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E651
August 17 · 35 min
Earnings, Deals & Targets: HIVE, WYFI, MARA, IREN, RIOT, BTDR & KEEL!
We map out a packed week for AI infrastructure stocks, from Bitcoin’s steadier tone to the deals and financing that separate real builders from hopefuls. We dig into Hive’s earnings and a massive AI cloud win, then connect the dots across insider buying, hedge fund filings, and the race to secure power and capital. • Bitcoin price action and why slower climbs help adoption • Strategy reserve build and what it signals for balance sheet resilience • Sector heat map read on miners versus HPC pivot names • Insider buying at Bitdeer plus Keel leadership buying patterns • Hive Digital earnings split between Bitcoin mining and HPC revenue • Sweden VAT provision and how to think about one-off charges • Hive’s $350M AI cloud contract using NVIDIA Blackwell Ultra GPUs • Simple NVL72 rack explanation and implied $ per GPU hour math • Cantor Fitzgerald price target logic and the path to higher ARR • Paul Tudor Jones buying Mara and Druckenmiller adding Iren, Bitdeer, Riot & Hut 8 • Riot’s Morgan Stanley term loan details and why cost of capital matters • WhiteFiber’s North Carolina expansion and the retrofit-first data center playbook Let us know in the comments section below if you’re holding any of these stocks and your current top pick in the sector! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E650
August 14 · 44 min
Megawatts, Deals & Price Targets: IREN, CORZ, KEEL, WYFI, WULF & SLNH!
We close out the week by mapping the biggest AI infrastructure headlines across Iren, Soluna, Core Scientific, and Riot, plus what Bitcoin’s range-bound tape means for miners right now. We also dig into how megawatts, contracts, and financing discipline are driving fresh Wall Street price targets and investor positioning. • Bitcoin holding the $60K range and what “base building” could signal • Green close across AI infrastructure names and why volatility attracts shorts and day traders • Hive earnings timing and upcoming management check-ins • WhiteFiber’s capital formation playbook, dilution control, and the refinance flywheel • Keel’s deal confidence, permitting transparency, and why 15-year terms matter more than exact dates • Soluna’s revenue mix shift, cash position, EBITDA trend, and 6.3GW pipeline context • Core Scientific’s Polaris acquisition economics and why $/MW matters • Iren’s Horizon 1 delivery to Microsoft and what Nvidia Exemplar status validates • Price target updates for WiFi, Hut, TeraWulf, and Riot and the assumptions behind them Let us know in the comment section below what you thought of this week's interviews and your top pick currently in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E649
August 14 · 33 min
Soluna Holdings - CEO, John Belizaire Q&A - Q2 Earnings, LOI & Pipeline!
We sit down with Soluna Holdings CEO John Belizaire right after Q2 earnings to unpack what is driving revenue growth, project momentum, and the company’s shift into AI data center infrastructure. We also get specific on why behind-the-meter power in Texas can move faster than traditional grid interconnections and what it takes to finance and execute billion-dollar AI campuses. • Q2 financial highlights including 145% year-over-year revenue growth and fifth straight quarter of sequential revenue growth • Operational updates across Briscoe Wind Farm integration and progress toward completing CADI 1 • Pipeline expansion to 6.3GW and the strategy to redesign former Bitcoin sites into full-scale AI projects • Capital formation realities for AI data centers including project-level partners, joint ventures, and the shift from millions to billions • Why behind-the-meter load changes interconnection complexity and how ERCOT batch zero buckets affect developers • Status of D3 and CODI 2 including design, construction planning, LOI negotiations, and long-lead scheduling • Permitting and county engagement in Texas including tax abatement, infrastructure support, traffic planning, and community relations • How the MetroBlocks relationship is structured including fees and equity roll-back for alignment • Why execution talent is the new bottleneck and how leadership hires build in-house process power Let us know in the comment section below what you thought of Saluna's results and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E648
August 13 · 55 min
Keel Infrastructure - CEO, Ben Gagnon Q&A - Q2 Earnings, Deals & Outlook!
We walk through Keel’s Q2 results and why the reported numbers can look misleading while the company exits Bitcoin mining and builds AI data center infrastructure. We also break down what actually drives lease timing, power value, permitting confidence, and financing discipline as 2027 capacity becomes scarce. • Q2 highlights framed as proof of transition execution • Why quarterly earnings can understate long-term contracted value • Texas, New York, and Pennsylvania compared as three different regulatory and grid stories • Why we do not treat LOIs like signed deals and what the engineering work really involves • Moses Lake versus Sharon versus Panther Creek sequencing and permitting status • How 2027 power scarcity creates tenant tension and better commercial outcomes • Vertiv partnership scope and why build commitments must match lease commitments • Cost of capital viewed through levered yield on cost and return on equity • Load studies, expansion capacity, and what gives confidence at Panther Creek and Scrubgrass • Training versus inference economics and why geography matters for future demand • Community support projects used to solve real local problems and build trust Let us know in the comment section below what you thought of KEEL's results and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E647
August 13 · 31 min
Bit Digital & WhiteFiber - CEO, Sam Tabar - Q2 Earnings, Deals & Outlook!
We sit down with Sam Tabar to unpack Q2 earnings and the execution details behind WhiteFiber’s colocation and cloud GPU momentum, from NC1 billing to multi-year contract wins. We also press on Bit Digital’s NAV discount, capital allocation options like buybacks, and how Ethereum exposure becomes productive through staking. • WhiteFiber Q2 performance across colocation and cloud services • NC1 moving from build to customer deployment and billing • Permanent project financing as a capital recycling flywheel • Termination revenue, contract protections, and redeploying capacity • Expansion plans for NC1 and how customer selection works • Montreal data center retrofits and the path to more power • Capital allocation discipline, dilution avoidance, and financeable contracts • Crambu partnership and the 100MW GPU operating roadmap • Bit Digital’s discount to intrinsic value and buyback considerations • Holding WhiteFiber stake, covered calls idea, and ETH staking posture Let us know in the comments section below if you're currently holding shares in either Bit Digital or WhiteFiber and what you thought of their results! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E646
August 12 · 47 min
Neo Clouds Earnings: NBIS, CRWV & WYFI!
We track a rebound day for HPC and mining-pivot stocks while Bitcoin hangs around the $63,000 range and the market keeps discounting strong fundamentals. We break down neo cloud earnings and explain why power, contract structure, and cash-based metrics matter more than the daily tape. • Bitcoin price action around US market hours and the Clarity Act watch • Why strong deal headlines can fade fast in share price performance • How short interest and sentiment can suppress HPC and Bitcoin mining stocks • Bitdeer’s integrated model, power footprint, machines, co-location, and why we see overlooked upside • Nebius as a neo cloud benchmark, revenue scale, adjusted EBITDA margin expansion, and contract value per megawatt • CoreWeave’s revenue surge, backlog strength, and the reality of massive CapEx and non-cash losses • Why global footprint and Europe matter for AI data centers and HPC expansion • WhiteFiber’s earnings, co-location growth, cloud services mix, and what NC1 billing could change next quarter • How retrofit data center builds can lower cost per megawatt and speed deployment • What price targets are implying for CoreWeave and WhiteFiber, plus the next catalysts we are watching Let us know in the comment section below if you’re holding any of these companies and your current top pick in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E645
August 11 · 1 hr 7 min
Huge RIOT Deal & Earnings, IREN Sweetwater 2 Update, Latest WYFI News & KEEL Price Targets!
We break down why AI data center contracts are starting to matter more than day to day Bitcoin price action for the best miners. We go deep on Riot Platforms earnings, the Anthropic lease, and what a full Corsicana deal could mean for valuation and future catalysts. • Bitcoin pulling back while miner stocks hold up better than expected • Volatility, weak mining revenues, and why “green shoots” matter in earnings season • ERCOT and Texas grid approvals as a filter for serious builders • UK proposal for a refundable data center commitment fee per megawatt • Riot revenue mix shifting with early data center revenue from AMD • Riot’s cost to mine breakdown, power credits, and the PPA advantage • Anthropic long term lease details and timelines at Rockdale • Corsicana LOI discussion and why power ready sites attract top AI labs • Financing approach including liquidity, recycled cash flows, and Morgan Stanley facility • ESS Metron engineering division as a speed and cost moat • Wall Street price targets and how analysts frame upside scenarios • WhiteFiber brownfield retrofits as a faster path to AI campuses • IREN’s NVIDIA GB300 designation and Sweetwater site progress • Keel price targets without a signed deal and what negotiations signal Smash the like button. Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E644
August 10 · 53 min
KEEL & BTDR Earnings, RIOT Reschedules & CORZ News!
We break down the latest Bitcoin volatility, the market-wide selloff in mining and AI infrastructure stocks, and why power access is now the real competitive moat. Then we dig into Bitdeer’s and Keel’s earnings, comparing their financial results with their very different paths toward HPC and AI data center revenue. • Bitcoin price pressure and why we avoid day-to-day chart obsession • Strategy’s ATM raise, Bitcoin sale and share repurchase, plus what it signals • Miner heat map selloff, with ABTC as the outlier • Riot rescheduling Q2 earnings and the most plausible reasons • Texas ERCOT batch zero pause as a filter for serious operators • Bitdeer Q2 results, adjusted EBITDA and balance sheet context • Bitdeer’s global power footprint, near-term pipeline and hash rate expansion • Norway co-location contract economics, PUE and tenant quality • GPU cloud and CSP ramp, utilization rates and capex per megawatt • Mining cost to mine, fleet efficiency and the SEAL miner roadmap • Keel Q2 results and the operational trade-offs of pivoting to HPC • Site-by-site updates, decommissioned mining, permitting and long-lead equipment • Keel liquidity, convertible note funding and what delivery risk remains • Cantor price targets and what changes once deals are signed • Upcoming guest schedule and questions to bring to Ben Let us know in the comment section below what you make of Kiel and BitDeer earnings and your top pick in the space currently! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E643
August 10 · 13 min
ABTC - Head of IR, Michelle Tankimovich - Q2 Earnings & Updates!
We sit down with ABTC’s Michelle Tankimovich right after Q2 earnings to break down record Bitcoin production, steady margins, and what it means to keep building a treasury during price drawdowns. We also unpack sats per share, fair value accounting noise, and the strategic choices ABTC is making ahead of the halving and the next cycle. • Q2 highlights including 930+ Bitcoin mined and reserve growth above 8,000 BTC • Cost per Bitcoin mined and how gross margin stays near 49% to 50% despite a weaker Bitcoin price • Why management keeps accumulating Bitcoin through operating cash flow rather than relying only on capital markets • Satoshis per share as a key metric and how dilution discipline fits the strategy • How FASB fair value accounting creates large paper losses and how we interpret them • Hedging considerations and why the company prioritises its low-cost structure • CFO transition details and what derivatives experience could enable over time • Reverse split motivations including NASDAQ compliance and institutional investor optics • The 12 to 24 month focus including hash rate growth opportunities and industry shifts toward AI/HPC • Halving prep themes including fleet efficiency and manufacturer relationships Let us know in the comment section below what you thought about ABTC's results and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E642
August 8 · 43 min
MARA - CEO Fred Thiel Q&A - Q2 Earnings, Long Ridge & Matagorda!
We sit down with MARA CEO Fred Thiel right after earnings to unpack the company’s shift from a pure Bitcoin miner to a powered land and data center developer focused on AI and HPC. We push on what truly constrains growth, how Texas grid policy affects timelines, and what investors should watch as leases and joint ventures turn power into long-term cash flow. • Q2 results in context of Bitcoin price sensitivity • Building a 4.8GW pipeline of powered land and future data center capacity • The “three constraints” framework: capital, compute and capacity • Why data center leases change financing versus Bitcoin mining risk • ERCOT batch zero pause, phantom queue clean-up and Matagorda readiness • Using Bitcoin mining to monetise power while data centers get built • Tenant selection, yield on cost and avoiding long-term credit mistakes • Community impact, property taxes and local benefits of data center builds • Why waiting for AI market maturity can beat being first • HUM and Vertebrae as optionality alongside the core strategy • Long Ridge acquisition, FERC approval process and keeping power on-grid • Starwood partnership mechanics, valuation per megawatt and leased-site options Let us know in the comment section below what you thought about today's discussion and if you're currently holding shares of MARA! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters
S1 · E641
August 7 · 28 min
Bitcoin Miners At A Turning Point: MARA & CLSK Earnings, KEEL, WYFI & BTBT!
We break down fresh earnings from MARA and CleanSpark while tracking Bitcoin’s price action and why miners are being valued more like power and AI infrastructure platforms. The big question is whether power portfolios, Texas approvals, and signed data center leases can offset weak mining economics and restore investor confidence. • Bitcoin price context and why it still drives sentiment for mining stocks • Miner heat map read-through and how to think about value ranges • Why power capacity and megawatts per valuation matter more than headlines • Upcoming MARA, ABTC & KEEL interviews and what we want to learn from leadership teams • MARA earnings highlights, hash rate growth, liquidity, and the push toward HPC • Matagorda County Texas site details and the approval steps that matter • Bitcoin-backed loan mechanics, pledged collateral, rates, and why it’s a unique lever • Why the market is waiting on signed digital infrastructure leases • CleanSpark earnings overview, balance sheet points, and the Sandersville plan • Sandersville lease structure, long duration terms, and why predictable NOI changes the story • Texas ERCOT audit discussion and why serious developers welcome tighter process Let us know in the comment section below what you thought of these companies' results and if you're holding shares of either Clean Spark or Mara. Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com
- Transcript
- Chapters

Showing 1–20 of 32 episodes