Sep. 13 at 6:58 PM
$BITF $TSSI $GCTS
Look like Bitfarms enterprise value is hovering at 1.7 B mark. I'll float the idea that Coreweave could pounce.
By end 2025, BITF power portfolio will exceed 900 MW, with nearly 0.5 GW available for HPC/AI deals, and is clustered in data center hotspots with fiber connectivity. Location, location, loction. Penn is a hot location.
Multi-year expansion adds up to 1.6 GW total. Over 1 GW in PJM pipeline remains unallocated, pending site development and contracts.
From Coreweave's perspective, you can wait for the power portfolio to be developed and come incrementally online next 3-24 months, or you can just buy the whole thing now and secure your own pipleine.
Coreweave is aggressive and in buying mode. Just thinking out loud. Happy weekend.