Sep. 20 at 12:34 AM
$HOST For those who missed my prior note at
$7, where it then traded up over 100% to plus to
$14 within just two weeks, I would again characterize it as "interesting" at just
$8.
Some pretty smart investors just bought plus 2.4m shares at 8, which should set a nice floor, considering the first lease they already signed and executed.
The company recently announced it already secured a 15-year, 43MW lease for a data center in Northeast Oklahoma, representing approximately
$1.25 billion in base-term contracted revenue. This alone creates strong asymmetric risk in my mind.
Additional leases should add incremental value from here. All about management execution going forward and management has done rhis before.
Near term access to power is obviously in high demand with linited aupply. It is the key to fueling the hyper growth in HPC, AI and data centers. All the GPU's in the world are worthless absent a way to power them.
