Power Analysis

Hosted by Anthony Power & Bryce McNallie

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661

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Aug 2026

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About the show

Power Analysis is the premier destination for investors tracking the Bitcoin mining and AI infrastructure space. Hosted by Anthony Power (@cazenove_uk) — one of the most respected voices in Bitcoin mining stock analysis — alongside Bryce McNallie (@McnallieM), Power Analysis delivers in-depth company interviews, earnings breakdowns, sector news, and market commentary — direct from the executives building the next generation of digital infrastructure. Whether you're actively trading mining stocks, researching AI infrastructure plays, or just getting started — Power Analysis gives you the edge with timely, accurate coverage across the companies that matter most. New episodes dropping regularly. Subscribe and never miss a move. 🐦 Follow Anthony on X: x.com/cazenove_uk 🐦 Follow Bryce on X: x.com/McnallieM 📊 Anthony's Patreon: patreon.com/cw/Cazenove_UK 📊 Bryce's Patreon: patreon.com/c/McNallieMoney 🌐 poweranalysis.io For information and entertainment purposes only. Not financial advice.

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August 20, 2026Episode 65548 min

Bitcoin Breakout & Earnings Highlights: HUT, WULF, MARA, ABTC, BTBT, WYFI, KEEL, SLNH & HIVE!

Bitcoin and Ethereum rip higher as falling long-term yields, ETF inflows, and a massive short squeeze collide. We connect the macro catalysts to the miner and AI infrastructure names we follow, then pull the best execution and strategy nuggets from eight recent CEO interviews. • Bitcoin and Ethereum momentum and what it means for risk appetite • Fed minutes context and why rate sensitivity still matters • Treasury long-bond buybacks and the link to falling yields • Short liquidations and how squeezes accelerate rallies • White House crypto meeting and the September 15 procedural vote • Miners and AI infrastructure stocks reacting to crypto strength • Hut 8 contracted leases and triple net margin profile • TeraWulf power demand realities and why PUE changes economics • MARA dual-track strategy and using downtime intelligently • ABTC cost to mine metrics and fleet efficiency as survival traits • Bit Digital’s Ethereum treasury, NAV discount, and NC1 to NC3 catalysts • Keel permitting readiness and why timeline confidence matters • Soluna pipeline signals and what we watch for next • Hive’s GPU scale math and the valuation gap question Let us know in the comment section below if you're holding any of these stocks and if you've been taking advantage of this most recent dip! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 19, 2026Episode 65437 min

Pennsylvania Data Center EO, KEEL, BTDR, NBIS & WYFI News!

We break down a sharp market recovery as Bitcoin rallies and crypto-linked equities whip around on fresh ETF flow data and shifting sentiment. We also dig into how financing and politics are reshaping the AI data center and HPC trade, from convertibles to Pennsylvania’s new permitting rules. • Bitcoin price surge and why ETF inflows matter for momentum • Miner stock moves versus HPC and AI infrastructure names • Reading the heat map, 52-week ranges, and what volatility signals • Bitdeer’s Malaysia AI cloud plan, contract structure, and analyst price target • Nebius $4.5B convertible and how it funds GPUs and data center build-outs • WhiteFiber $270M convertible, dilution pressure, and expansion strategy • Pennsylvania Governor Shapiro executive order and the new local approval leverage • Keel site-by-site implications in PJM and why analysts see limited impact • Nebius Pennsylvania site timing risk under the new process • Hive valuation comparison, US market access strategy, and big GPU revenue potential Let us know in the comment section below what you thought of today's headlines and if you're taking advantage of this recent dip or adding to any positions! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 19, 2026Episode 65323 min

HIVE Digital Technologies - CEO, Aydin Kilic & Chairman, Frank Holmes Q&A - Q1 Earnings, ARR & Deals!

We break down Hive Digital’s blowout quarter and the execution behind its surge in revenue and scale. Then we dig into the $350M enterprise AI deal, why GPU compute changes the unit economics per megawatt, and how geography and regulation shape the roadmap from Paraguay to Canada and Sweden. • Q1 performance highlights including revenue scale and operating cash flow focus • Why management believes relative valuation hinges on forward revenue and EBITDA • How the Paraguay buildout delivers economies of scale in Bitcoin mining • The $350M investment grade enterprise contract and what made it possible • The Bell Canada relationship and why ready capacity matters more than hype • GPU procurement realities across major OEMs and the role of competitive availability • Progress toward the $200M ARR target plus the longer-term HPC colocation pipeline • The case for Paraguay as future HPC and AI capacity alongside mining • Political and regulatory risk in emerging markets versus tax uncertainty in Sweden • GPU versus ASIC profit density and why residual value changes the equation • Proof of concept for exporting compute over thousands of miles and why it matters Let us know in the comment section below if you're currently holding shares of Hive and what you thought about these most recent developments! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 18, 2026Episode 65247 min

Best AI Infra Picks in 2026: IREN, KEEL, HIVE, BTBT, MOVE & DUOT News!

We track a whiplash day where Bitcoin pushes higher while miner and AI infrastructure names slide, then zoom out to the real drivers: contracts, megawatts, balance sheets, and valuation gaps. We also add new tickers to the watchlist, pressure-test bullish price targets, and end by sanity-checking how a potential Anthropic mega-IPO could reshape M&A and perceived counterparty risk across the space. • Bitcoin price action versus red miner tape and what it signals for sentiment • Why volatility, shorting, and positioning can suppress share prices despite improving fundamentals • Bit Digital’s NAV discount, Ethereum holdings, staking yield, and WhiteFiber stake dynamics • Megawatt deal economics and why $2M per MW becomes a key benchmark • Hive price targets, contracted revenue ramp, and the longer-term Paraguay HPC option • Corvex (MOVE) earnings, confidential computing angle, and reserve capacity contract structure • Duos Technologies (DUOT) earnings highlights, liquidity, and the $500M 55MW hosting agreement • Cantor price target framing and what needs to happen for upside to show up in the stock • Insider open-market buying at Keel and why deal timing matters less than 15-year duration • Anthropic IPO scale, what it could validate for large leases, and why M&A math gets weird fast • IREN’s Mirantis acquisition consideration breakdown and what to watch in upcoming results Let us know in the comment section below if you’re currently holding any of the stocks discussed and your top pick in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 17, 2026Episode 65135 min

Earnings, Deals & Targets: HIVE, WYFI, MARA, IREN, RIOT, BTDR & KEEL!

We map out a packed week for AI infrastructure stocks, from Bitcoin’s steadier tone to the deals and financing that separate real builders from hopefuls. We dig into Hive’s earnings and a massive AI cloud win, then connect the dots across insider buying, hedge fund filings, and the race to secure power and capital. • Bitcoin price action and why slower climbs help adoption • Strategy reserve build and what it signals for balance sheet resilience • Sector heat map read on miners versus HPC pivot names • Insider buying at Bitdeer plus Keel leadership buying patterns • Hive Digital earnings split between Bitcoin mining and HPC revenue • Sweden VAT provision and how to think about one-off charges • Hive’s $350M AI cloud contract using NVIDIA Blackwell Ultra GPUs • Simple NVL72 rack explanation and implied $ per GPU hour math • Cantor Fitzgerald price target logic and the path to higher ARR • Paul Tudor Jones buying Mara and Druckenmiller adding Iren, Bitdeer, Riot & Hut 8 • Riot’s Morgan Stanley term loan details and why cost of capital matters • WhiteFiber’s North Carolina expansion and the retrofit-first data center playbook Let us know in the comments section below if you’re holding any of these stocks and your current top pick in the sector! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 14, 2026Episode 65044 min

Megawatts, Deals & Price Targets: IREN, CORZ, KEEL, WYFI, WULF & SLNH!

We close out the week by mapping the biggest AI infrastructure headlines across Iren, Soluna, Core Scientific, and Riot, plus what Bitcoin’s range-bound tape means for miners right now. We also dig into how megawatts, contracts, and financing discipline are driving fresh Wall Street price targets and investor positioning. • Bitcoin holding the $60K range and what “base building” could signal • Green close across AI infrastructure names and why volatility attracts shorts and day traders • Hive earnings timing and upcoming management check-ins • WhiteFiber’s capital formation playbook, dilution control, and the refinance flywheel • Keel’s deal confidence, permitting transparency, and why 15-year terms matter more than exact dates • Soluna’s revenue mix shift, cash position, EBITDA trend, and 6.3GW pipeline context • Core Scientific’s Polaris acquisition economics and why $/MW matters • Iren’s Horizon 1 delivery to Microsoft and what Nvidia Exemplar status validates • Price target updates for WiFi, Hut, TeraWulf, and Riot and the assumptions behind them Let us know in the comment section below what you thought of this week's interviews and your top pick currently in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 14, 2026Episode 64933 min

Soluna Holdings - CEO, John Belizaire Q&A - Q2 Earnings, LOI & Pipeline!

We sit down with Soluna Holdings CEO John Belizaire right after Q2 earnings to unpack what is driving revenue growth, project momentum, and the company’s shift into AI data center infrastructure. We also get specific on why behind-the-meter power in Texas can move faster than traditional grid interconnections and what it takes to finance and execute billion-dollar AI campuses. • Q2 financial highlights including 145% year-over-year revenue growth and fifth straight quarter of sequential revenue growth • Operational updates across Briscoe Wind Farm integration and progress toward completing CADI 1 • Pipeline expansion to 6.3GW and the strategy to redesign former Bitcoin sites into full-scale AI projects • Capital formation realities for AI data centers including project-level partners, joint ventures, and the shift from millions to billions • Why behind-the-meter load changes interconnection complexity and how ERCOT batch zero buckets affect developers • Status of D3 and CODI 2 including design, construction planning, LOI negotiations, and long-lead scheduling • Permitting and county engagement in Texas including tax abatement, infrastructure support, traffic planning, and community relations • How the MetroBlocks relationship is structured including fees and equity roll-back for alignment • Why execution talent is the new bottleneck and how leadership hires build in-house process power Let us know in the comment section below what you thought of Saluna's results and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 13, 2026Episode 64855 min

Keel Infrastructure - CEO, Ben Gagnon Q&A - Q2 Earnings, Deals & Outlook!

We walk through Keel’s Q2 results and why the reported numbers can look misleading while the company exits Bitcoin mining and builds AI data center infrastructure. We also break down what actually drives lease timing, power value, permitting confidence, and financing discipline as 2027 capacity becomes scarce. • Q2 highlights framed as proof of transition execution • Why quarterly earnings can understate long-term contracted value • Texas, New York, and Pennsylvania compared as three different regulatory and grid stories • Why we do not treat LOIs like signed deals and what the engineering work really involves • Moses Lake versus Sharon versus Panther Creek sequencing and permitting status • How 2027 power scarcity creates tenant tension and better commercial outcomes • Vertiv partnership scope and why build commitments must match lease commitments • Cost of capital viewed through levered yield on cost and return on equity • Load studies, expansion capacity, and what gives confidence at Panther Creek and Scrubgrass • Training versus inference economics and why geography matters for future demand • Community support projects used to solve real local problems and build trust Let us know in the comment section below what you thought of KEEL's results and if you're currently holding shares! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 13, 2026Episode 64731 min

Bit Digital & WhiteFiber - CEO, Sam Tabar - Q2 Earnings, Deals & Outlook!

We sit down with Sam Tabar to unpack Q2 earnings and the execution details behind WhiteFiber’s colocation and cloud GPU momentum, from NC1 billing to multi-year contract wins. We also press on Bit Digital’s NAV discount, capital allocation options like buybacks, and how Ethereum exposure becomes productive through staking. • WhiteFiber Q2 performance across colocation and cloud services • NC1 moving from build to customer deployment and billing • Permanent project financing as a capital recycling flywheel • Termination revenue, contract protections, and redeploying capacity • Expansion plans for NC1 and how customer selection works • Montreal data center retrofits and the path to more power • Capital allocation discipline, dilution avoidance, and financeable contracts • Crambu partnership and the 100MW GPU operating roadmap • Bit Digital’s discount to intrinsic value and buyback considerations • Holding WhiteFiber stake, covered calls idea, and ETH staking posture Let us know in the comments section below if you're currently holding shares in either Bit Digital or WhiteFiber and what you thought of their results! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com

August 12, 2026Episode 64647 min

Neo Clouds Earnings: NBIS, CRWV & WYFI!

We track a rebound day for HPC and mining-pivot stocks while Bitcoin hangs around the $63,000 range and the market keeps discounting strong fundamentals. We break down neo cloud earnings and explain why power, contract structure, and cash-based metrics matter more than the daily tape. • Bitcoin price action around US market hours and the Clarity Act watch • Why strong deal headlines can fade fast in share price performance • How short interest and sentiment can suppress HPC and Bitcoin mining stocks • Bitdeer’s integrated model, power footprint, machines, co-location, and why we see overlooked upside • Nebius as a neo cloud benchmark, revenue scale, adjusted EBITDA margin expansion, and contract value per megawatt • CoreWeave’s revenue surge, backlog strength, and the reality of massive CapEx and non-cash losses • Why global footprint and Europe matter for AI data centers and HPC expansion • WhiteFiber’s earnings, co-location growth, cloud services mix, and what NC1 billing could change next quarter • How retrofit data center builds can lower cost per megawatt and speed deployment • What price targets are implying for CoreWeave and WhiteFiber, plus the next catalysts we are watching Let us know in the comment section below if you’re holding any of these companies and your current top pick in the space! Anthonys Info: Website: https://www.powermininganalysis.com X: https://twitter.com/cazenove_uk Patreon: https://www.patreon.com/Cazenove_UK Bryce's Info: X: https://twitter.com/McnallieM Patreon: https://www.patreon.com/McNallieMoney Merch: https://shop.mcnalliemoney.com/ Website: https://www.mcnalliemoney.com Business Inquiries: Email - powermininganalysis@gmail.com