Joe Lehr 🛡️

Turns out the future does have flying cars

I don’t get why Celsius creditors who were given $IOND are mad that the price is going down. No one’s forcing you to hold.

Andy Stewart, CEO of @IonicDigital interview at 30:00 Appreciate him starting discussion acknowledging and recognising the legacy shareholders / victims of Celsius that went through endless ch11 hell to bring $IOND to market. youtube.com/live/EBp7HgCMWF8…

🚨 Post-close Monday, ERCOT published its first detailed update on the Texas data-center audit and Batch Zero pause. The audit will begin shortly after Aug. 20 and take "several months," delaying Batch Zero classification and the planned September study start. But ERCOT is taking steps to preserve Q1/Q2 2027 energization dates for the most advanced projects --> Some encouraging details: >6 large loads targeting Q1 2027 energization and 17 targeting Q2 will remain in their quarterly stability assessments while the audit proceeds. ERCOT says this avoids "unnecessary delay" once they clear verification. >ERCOT is keeping the April 9, 2027 Batch Zero study deadline for now.» >ERCOT had planned to finalize its long-term load forecast using Batch Zero Base Load by mid-August. It will now wait for the audit and verified Base Load classifications rather than switch to an alternative forecasting method. ERCOT says this will produce a "more accurate and realistic" forecast. My read: ERCOT is working to preserve the existing timeline for the most advanced projects. ($HUT's 1GW Beacon Point is worth watching here. It targets Q1 2027 initial energization, has an executed AEP Texas interconnection agreement, and has been expected to qualify as Base Load. The campus has up to $50.2B of contracted lease value including extensions, with NVIDIA reportedly the tenant. ERCOT doesn't identify the six Q1 projects, so we can't confirm Beacon Point is among them. But it fits the profile.)

Very important nuance @IonicDigital sharholders. $IOND hitting $70 isn’t a full unlock for the institutional investors. For 6 months they cannot sell shares below $70 (even tho it already hit $70). This should serve to effectively hold $70 as a solid center of gravity. NFA!!!

Interesting to know for IOND @IonicDigital shareholders

It’s been a long 4 years. From Celsius bankruptcy to $IOND in our hands...the wait is finally over. What price do you expect $IOND to close at on its first trading day? Vote below 👇 #CelsiusNetwork #CelsiusCreditors #IonicDigital

JUST IN: 🇺🇸 CNBC reports on CLARITY ACT progress: Sen. Mark Warner "supports the goals of the broader bill" Sen. Bernie Moreno was quoted, "It would prevent any elected official from issuing or promoting a digital asset" Negotiations continue 👀

🚨 EXCLUSIVE — Tucker Carlson claims that a sect of Judaism called Chabad is ultimately behind the military strikes on Iran. This might be Tucker's most absurd claim to date. And it's yet another shot at Trump. Why? Well, @jaredkushner & @IvankaTrump have belonged to Chabad in DC, and Kushner helped lead the U.S. negotiations before the strike began last week. As for Tucker's rant about Chabad — which he helpfully spelled for his viewers — it is beyond preposterous. It's also dangerous — Chabad buildings and events have repeatedly been targeted by terrorists. For example, the horrific massacre last December at Bondi Beach in Australia, where 15 were murdered, including Rabbi Eli Schlanger, was a Chabad event. Tucker explained in tonight's monologue that the "real" reason for the strikes on Iran — meaning why Israel, in his telling, is forcing the U.S. to help topple the Mullahs — is to launch a "holy war" for the purpose of destroying the Al Aqsa mosque and the Dome of the Rock in the Old City of Jerusalem, in order to rebuild the Third Temple at the same site. And who does Tucker claim is behind this insidious plot — and thus the military campaign he called "evil"? Chabad. As anyone active in Jewish life knows, Chabad focuses on outreach to its own local Jewish community, particularly to more secular Jews who don't feel connected to a standing synagogue. But because Chabad is not known to almost anyone outside of the Jewish community, it makes for an easy target of dark conspiracy theories. That's why Candace Owens has made Chabad into a villain in her increasingly unhinged rants. But here is why this theory is as crazy as it is dangerous. Chabad is a loosely-knit collection of synagogues (and related community/educational centers), each run by a Rabbi and his wife, who stay in a given community or neighborhood typically for life. Far from being structured like, say, the Catholic Church, each Chabad House raises its own funds. Tucker's "logic" for his outrageous allegations is that Chabad wants to bring about the building of the Third Temple, known in Hebrew as the beit hamikdash. But... how does Chabad actually to bring about the building of the beit hamikdash? Through acts of kindness. Truly by doing good deeds in order to "merit" God rebuilding the Jewish holy site. In fact, Jews have for prayed for the rebuilding of the beit hamikdash — every single day — since shortly after the destruction of the Second Temple almost two thousand years ago. It is literally part of Jews' daily prayers. But it has nothing to do with tearing down an Islamic holy site, let alone starting a holy war. It's a prayer asking God to return us to the elevated state of spirituality that existed during the time of the Temple, and more importantly, for Him to send "Moshiac," or the Messiah. That Tucker would turn ancient Jewish prayers into some kind of sinister plot that is responsible for a very real and ongoing military campaign should be shocking. Sadly, though, it's not. But that doesn't mean that it isn't dangerous. Real people and actual families go to Chabad synagogues, and little kids across the U.S. and in other countries attend Chabad schools and preschools. It takes just one person already on the fringes to use this kind of rhetoric as justification for violence. That's not speculation. It has happened again and again — just in recent years. Yet Tucker is so blinded by his desire to take a swipe at Jared and Ivanka — because he knows he can't attack Trump directly — that he simply doesn't care.

JUST IN: Morgan Stanley's Amy Oldenburg confirms the bank has plans to offer Bitcoin trading, lending, yield, and custody in the future 👀

Posted this on LinkedIn and had a few requests to post on X so here you go.. There has been a lot of talk about the Citrini report lnkd.in/gxqGuv9D Although I agree with the direction of the report, the magnitude of the repercussions are, most likely, wildly dramatized. Sure, AI is writing code, and will greatly affect those employed in the software engineering (SWE) industry. But the fact that AI will write 90% of the code that is being produced is nothing more than the continued evolution of computer science, not a bearish foreboding. Anyone that believes otherwise simply has not been involved in, or has not studied the history of, computer science. Back in the 1940s, computer scientists literally had to write the zeros and ones of the code (which was a step up from moving wires). Then we developed assemblers, then compliers and in 1957 IBM developed FORTRAN. At that point about 90% of the code that was being written by humans was replaced with software! (sound familiar?) But the evolution did not stop there (and this now gives me a chance to plug my alma mater). On May 1st, in 1964, a group of faculty in a sleepy little down in Hanover New Hampshire released BASIC which not only invoked timesharing (the pre cursor to parallel processing / CUDA) but was programming language developed for the very purpose of giving Dartmouth's liberal arts student population access to this new found technical industry. lnkd.in/gJyWwDa6 So moving beyond the history lesson, making these new tools available to the masses clearly improve productivity, which will allow society to produce more goods and services at lower cost, which will drive down the cost of those goods and services. AI IS MASSIVELY DEFLATIONARY and I strongly believe the market is underestimating the magnitude of these deflationary forces. But, this type of deflation is GOOD. Shorting the computer industry or the economy generally in the the 1950s and 1960s was not a good trade.. The issue arises when there are debt fueled speculative bubbles that do not properly forecast these deflationary forces (ie some parts of the SAAS / PE market and private credit generally). Most of these investors that have not properly priced the deflation are the ones that do not understand the technology. So what we are left with is an amazing investment opportunity where there are still massive tail winds of productivity gains, but pockets of debt financed speculation. And that is why we started GreenWulf. The investor that is going to succeed in the next cycle / correction is someone who not only understands the implications of new technologies but also employs them to be more efficient and beat the competition. But in order to do so, you need to understand BOTH technology and credit (and there are not too many people who do)