Major squeeze potential on this one. Breaking out of strong daily chart.
RFP officially closed. AI operator tenants shortlisted. Target signed deal by June 30.
The overlooked detail: multiple formal offers were received to ACQUIRE the Mo i Rana asset at a material premium to the $41M VIVO paid. All rejected.
Mgmt sees "materially higher value" in 10+ year powered-shell leases to AI operators. APLD/CoreWeave structure. $1.5-2.5M/MW/yr economics on 41.5MW.
Math if true: $62-104M revenue potential vs current $31M pro forma run-rate.
Catalyst: signed agreement targeted by June 30.
NFA.
(Credit: @TheStockDon on X)