CuriosityCat2012 retweeted
一口气看完30种当代审美与网络视觉。
同一个人物、同一个叙事母题,分别走进30种不同的视觉体系。
当构图、色彩、材质、空间和情绪一起变化,我们才会发现:真正决定一种风格的,从来不只是滤镜,而是它背后完整的视觉规则。
这30种美学里,哪种风格你最喜欢?
CuriosityCat2012 retweeted
A lot of questions this week on funding, so here's how a GPU typically gets funded at $IREN.
First, the customer signs a multi-year take-or-pay contract and agrees to a prepayment. On our recent 3-year contracts, prepayments have been 45% to 55% of the associated GPU capex.
Second, financing is committed, secured by the contracted GPUs. On the Microsoft contract we secured an A-rated facility at around 6%, which together with prepayments covers 96% of GPU capex. More recently, for a non-investment grade counterparty at Mackenzie, we secured financing at 9% fixed, which together with prepayments covers more than the full cost of the GPUs.
That's the GPU side. The data centers are a separate, long-term asset base, and we own the ones our GPUs run in. Construction has been funded from cash to date, with no debt against these multi-billion dollar assets. As they come online with contracted customers, they can support financing in their own right.
The processes behind the next facilities are continuing, and new paper will cost what the market charges. With GPU paybacks of around two years on our recent 3-year contracts, a wider spread barely moves the economics.
There's more customer demand than we can build for. As we noted at our recent earnings, 2026 is largely sold out, recent 3-year contracts are at more than double the prior year's pricing, and demand for anything we can bring online in 2027 covers it several times over, with prepayments a focus in every negotiation. Conversations on 2028 capacity are already underway.
Meanwhile announced capacity keeps slipping across the industry, which is the point: signing deals isn't the bottleneck in this market, bringing GPUs online is, and that's our focus.
CuriosityCat2012 retweeted
Replying to @Bobstroudsnr
CuriosityCat2012 retweeted
JUST IN: Paris boutique owner pledges continued support for the "student movement" after her shop's windows were smashed & items were looted.
Replying to @RealNickMugalli
Micron has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget …
Micron is making is the smart move for long-term customer loyalty.
CuriosityCat2012 retweeted
Do not miss the cultural and political earthquake that is happening in South America right now…
If Brazil flips away from the communists tonight and if the regime in Cuba is toppled you will be witnessing the complete and total remaking of South America as a nationalist, populist continent…and most importantly American allies.
Freedom is ascendant in the world’s most resource rich and dynamic hemisphere. None of this would be possible without USAID being defunded by @elonmusk and without @SecRubio’s visionary work at State Department and the @SecWar vaporizing narco terrorists and Trump’s unwavering strength.
Yes, elections matter. Yes, your vote matters. Yes, you’re getting what you voted for. Yes, the world is becoming a better place slowly, then all at once.
CuriosityCat2012 retweeted
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