AI infrastructure starving for Power

Cedric77
05-13

Abstract from FB-Stock In -

πŸ”₯ AI infrastructure is becoming a battle for power capacity.

The valuations across the sector are honestly wild when you compare them on a per-watt basis:

β€’ #CRWV CoreWeave $57B market cap, 3.5 GW contracted β†’ about $16 per watt

β€’ NBIS Nebius $44B market cap, 2+ GW contracted and targeting 3 GW β†’ about $15 per watt

β€’ IREN $19B market cap, 5 GW secured power β†’ about $3.80 per watt

β€’ #MARA Mara $4.87B market cap, 2.2 GW pipeline β†’ about $2.22 per watt

β€’ #HUT Hut 8 $11B market cap, 597 MW contracted with an 8.4 GW pipeline β†’ about $1.18 per watt contracted

β€’ #KEEL Soluna $2.4B market cap, 2.2 GW pipeline β†’ about $1.09 per watt

β€’ #VIVO VivoPower $50M market cap, 358 MW operational + near-term pipeline β†’ about $0.14 per watt

The market is rewarding companies that already have hyperscaler contracts and AI demand locked in.

But at the same time, some companies with massive power access are still trading at huge discounts.

That gap probably won’t stay this wide forever.

At this point, power is becoming the most valuable asset in AI. ⚑

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