DanielRomero

Official specs for the $NBIS Independence, Missouri site
Water
— Closed-loop mechanical cooling system
— One-time fill of ~1M gallons per 200 MW
— ~20% annual replenishment
— 1.4M gallons per year of recurring use for staff and processes
— ~50% lower than comparable facilities
Power (Utility)
— Supplied by Independence Power & Light and the Southwest Power Pool
— 200 MW expected by late Q3 2026
— Study underway to scale to 600 MW by early 2029
Power (On-site)
— Evaluating on-site generation of up to 400 MW
— Backup generation for emergencies and infrastructure needs
— No more than four backu

First look at $NBIS proposed site in Independence, Missouri

$NBIS Independence, Missouri site
> Up to 800 MWs
> $NBIS plans to build a dedicated on-site power plant
> First 250 MWs expected by 2027
> 3–5 years of construction, with initial buildings opening in 2028
> $6.6B in infrastructure investment, supporting $150B in compute
> 10 buildings across ~400 acres
> 125 full-time jobs created
> Local mayor is supportive of the project

$RIOT signed a very poor deal with $AMD
> 25 MW of IT load for 10 years
> $311M total deal value
> $1.24M per MW
That is considerably below the industry average, and only 25 MW, which is disappointing for a company the scale of $RIOT
> If you’re going to sign your first HPC deal, make it impressive

$RIOT Sells Bitcoin to Fund Data Center Development
$RIOT has announced the sale of 1,080 Bitcoin, generating approximately $96 million. The proceeds will be used to purchase land in Rockdale for a data center project

$AMD is signing a 10-year data center lease and services agreement with $RIOT at the Rockdale, Texas site
The agreement covers an initial 25 MW of critical IT load, delivered in phases starting in January 2026 and completing in May 2026
The base contract value is approximately $311M over the initial term for the 25 MW
In addition, $AMD has:
▪ An option to expand by 75 MW
▪ A right of first refusal for an additional 100 MW
This brings the total potential footprint to 200 MW at Rockdale if fully exercised
There are also three five-year extension options, which could push total expected contract

$NBIS news on their new planned Birmingham, Alabama site
The City of Birmingham held a public hearing on whether to establish a six-month temporary suspension on new data centers
That vote has now been delayed, as the council agreed to send the proposal to the Planning and Zoning Committee before holding a full vote
“You’re kind of throwing the barn doors open to anything. Large-scale development of any kind is going to have serious impacts on any community. Data centers, in terms of power and water draw, are more of a regional issue”, said Charles Miller, policy director for the Alabama River

The memory and PCB shortage is brutal
Companies selling to retail will have a much harder time this year than companies selling into the AI buildout
Meaning
Bullish:
• $AMD
• $NVDA
• $AVGO
• $INTC
Bearish:
• $AAPL
• $QCOM
• $SONY
• $NTDOY
• $HPQ
• $LNVGY

Companies selling to retail will have a much harder time this year than companies selling into the AI buildout
Meaning
Bullish:
• $AMD
• $NVDA
• $AVGO
• $INTC
Bearish:
• $AAPL
• $QCOM
• $SONY
• $NTDOY
• $HPQ
• $LNVGY

$AMD is Wells Fargo’s top chip pick
Citing an expanding multi-GW MI450X pipeline, server CPU share gains, and an embedded recovery
Price Target: $345

$AMD and $INTC are reportedly considering raising server CPU prices by up to 15%
AI demand is creating shortages across the entire supply chain
There is still so much opportunity in this market
Grid access, PCBs, generators, rare earths, memory, foundry access...
Everything is undersupplied right now

There is a PCB shortage because of AI demand
$AAPL, $NVDA, $AMD, $GOOG, $AMZN are fighting for supply
A Japanese company that holds a quasi-monopoly on a key material used in PCBs has doubled over the last year
You can make money in the stock market in so many ways

Valuation per approved MW for some data center operators:
$CLSK | CleanSpark - 3.47M EV/MW
$HUT | Hut 8 - 4.84M EV/MW
$CIFR | Cipher Mining - 5.93M EV/MW
$WULF | TeraWulf - 7.60M EV/MW
$APLD | Applied Digital - 9.48M EV/MW

$INTC wins the top CES 2026 award for the Panther Lake processor
Seems like 2026 could be the year of Intel across all fronts

Which is the better buy?
Last quarter numbers:
$INTC revenue: $13.7B | Net income: $1B
$AMD revenue: $9.3B | Net income: $2B
$INTC YoY growth: 3% | Net Debt: $15B
$AMD YoY growth: 36% | Net Debt: -$4B

The $OSS pump on X has been almost unprecedented
I’ve seen 10s of accounts suddenly talking about a company that had a $100m market cap two months ago
$6.5m in cash, burning roughly $5m per year
An offering seems obvious at the moment
Interestingly, the company is the only Tier 2 OEM with an NVLink design license and has some impressive customers
The hype seems a bit overblown at the moment though

$AMD up 6%
$INTC up 7%
The CPU shortage is starting to become mainstream
There’s a high likelihood the bottleneck extends from memory and energy to the entire supply chain this year
Position accordingly

Which will perform best in 2026?
$NVDA
$AVGO
$AMD