$52.71
465.7% vs S&P 12m
Business overview
Renewable-powered mining + HPC operator with announced pivot capacity toward AI compute.
Low-cost renewable power is a structural moat if AI HPC contracts materialize; execution risk dominates.
Products
- AI HPC hosting
- Bitcoin mining
Customers (1)
- AI cloud customers (small)
Competitors (3)
- CIFR
- CORZ
- APLD
Composite score
Higher = stronger overall research case
Fundamental33
Technical79
Valuation100
AI relevance45
Risk-adjusted (higher = safer)25
Segment-relative fundamental percentile: 18
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: 13.5%6M RS: -0.2%12M RS: 465.7%Vol30d: 105%DD52w: -31.0%
Financial summary
Curated, illustrative
Revenue
$757.07M
Growth (YoY)
0.0%
Gross margin
68.4%
Operating margin
-64.5%
FCF
$-2.31B
Capex
$2.70B
Net cash / (debt)
$-1.75B
ROIC
-3.0%
Customer conc.
Medium
Valuation
Market cap
$18.84B
Enterprise value
$20.59B
P/E (TTM)
68.5x
Forward P/E
-39.2x
EV / Sales
27.2x
EV / EBITDA
139.9x
P / FCF
—
PEG
3.1x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 5AI HPC commercial scale
Score components
What drove the composite
Growth35
Profitability20
Cash generation20
Balance sheet26
Moat / AI relevance48
Capital intensity (higher = lighter)20
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)71
Relative strength100
Realized vol (higher = lower vol)21
Segment peers
Other companies in Data centers