NFA.
People were complaining that YOLO's were not announced as they were being made so here we are.
$WULF is down almost 50% from June high's but nothing has changed in the company structure or macro environment. In fact, things are now more bullish since then peak, including:
1. **Anthropic signed.** A 20-year lease for about 401 MW at Justified in Kentucky, worth roughly $19B, or up to about $33B if both five-year extensions are exercised. That averages about $950M a year from one campus, against a market cap near $7.7B.
2. **The power is approved.** Kentucky's PSC signed off on up to 482 MW of electric service for Justified in its Aug 21 order. Power is the gating item for every AI campus, and this one cleared it.
3. **Lake Mariner is turning into rent.** 102 MW is generating revenue, HPC leasing was about 71% of Q2 revenue, and another 336 MW is under construction. CB-4's first hall was due in late September, and CB-5 starts energizing in early January.
4. **There is cash to build.** About $3.0B of cash and restricted cash at quarter end, plus roughly $530M from selling the Abernathy stake.
**5. The pipeline is deep.** Up to 1 GW at Muskie, up to 1 GW at Chesapeake, and a target of 250 to 500 MW of new contracts a year.
The only negative fake news was Paul Prager's Form 4 as a sign of selling the top. Paul has gone on the say this was only for taxes - he still holds a ton of shares, and is quite bullish. [https://x.com/PaulBPrager/status/2105997398858150304?s=20](https://x.com/PaulBPrager/status/2105997398858150304?s=20)
Uptober is coming and $WULF is slower to recover compared to other AI infra stocks so I expect it to catch up.
Oh, and I did post about this stock when it was $8-10 as well.
[https://www.reddit.com/r/wallstreetbets/comments/1mtrv58/wulf\_time\_to\_talk\_about\_valuegamma\_play\_3m/](https://www.reddit.com/r/wallstreetbets/comments/1mtrv58/wulf_time_to_talk_about_valuegamma_play_3m/)
Will update you on my yacht in 3 months.
Edit: LMAO to all the people who think this is fake my port if verified on Wealthsimple pulse and my twitter.