Jun. 15 at 7:09 PM
Neocloud theme is BACK.
Our Watchlist:
$APLD
$BTDR
$CIFR
$CLSK
$CORZ
The Neocloud theme is roaring back center stage with immense alpha: hyperscalers are learning that procuring GPUs is easier than building data centers, shifting budgets straight to Neocloud providers for instant-access, high-density GPU clusters.
$APLD (Applied Digital) just priced an epic
$1.59B private notes offering closing June 16, fully targeted to accelerate its 150MW North Dakota "AI Factory" expansion. This follows a fresh
$550M revolving credit facility and strategic CoreWeave lease alignment, triggering massive right-side institutional volume. Concurrently,
$BTDR (Bitdeer) just broke ground on a
$155M vertically integrated 101MW natural gas power and compute campus in Canada, boasting a rampant 60% MoM increase in AI cloud ARR.
Alongside
$CORZ (backed by its
$8.7B hosting agreement),
$CIFR and
$CLSK are resetting into prime Fibonacci technical support on this dip.