$HUT Asher Genoot on the FUD and false beliefs around data centers today: • Water consumptions & closed-loop systems • Paying for energy generation with utility • Supporting Governor Abbott’s data center audit

Morgan Stanley just raised their price target for $CIFR, bank analysts love $IREN also: ☑️ Iran & Ukraine, wartime datacenters ☑️ OpenAI & Anthropic want sub 50MW sites ☑️ Oracle

AI HPC PRICE TARGET UPDATES⚡️ $IREN: Northland initiates with Outperform and $99 price target $CIFR: Morgan Stanley raised price target to $54 and maintained Overweight $MARA: Morgan Stanley raised price target to $11 and maintained Underweight $SHAZ: Northland initiates with Outperform and $95 price target $BRUN: Northland initiates with Outperform and $36 price target

$CLSK up today after $6.6 billion deal with $META for Sandersville lease 📈 also: ☑️ Anthropic IPO watch ☑️ Rune's new "drama free datacenter" ☑️ @SemiAnalysis_ says moratoriums are inconsequential

Elon Musk on AI: Let’s enjoy the ride “I still think there’s a risk associated with AI and robots. It’s not zero. I guess I’ve come to… my sort of philosophical conclusion is to look on the bright side. I can’t see any way to really stop this incredible momentum of AI and robots. And at times I sort of think, well, perhaps, even if there was a stop button, we probably shouldn’t press it because the most likely outcome is incredible abundance for all. Let’s enjoy the ride is, I think, my philosophy at this point. Because, honestly, there seems to be just inexorable progress here in AI and in robots that even if I wanted to stop it, I couldn’t.” Video by The Economist, edited by Eva Fox

While the idea of ​​satellite internet isn't new, no company in the world other than Starlink has been able to make it widely available. Elon Musk didn't just take an existing idea and suddenly start making money from it; he invested years of work and billions of dollars in investments to first create a rocket company capable of launching satellites, and then create Starlink; both are unique technologies. The complexity of the Starlink system is the primary reason it remains the world's only global high-speed internet system. The company had to build numerous technologies literally from scratch because no other supplier in the world produced the components necessary to build a system like Starlink. “The reason Starlink is the only global high-bandwidth Internet system of any kind, terrestrial or space-based, is that it is a staggeringly difficult technology problem. We had to invent so much technology from scratch! There is no supplier to whom one can go to buy the pieces needed to build something like Starlink, because they don’t exist!” Elon Musk

NEWS: The Tesla Model Y just became France’s best-selling car. Not the best EV, the best car!!! 4,622 sales in August, up 383%, beating the Peugeot 208. In August, Tesla sold 5,038 vehicles in France. Year-to-date: 36,161, up 148%. August was the first month Model Y ever led the entire French market. In a market built on Clio and 208. Congratulations!!!