Solana Beach
Joined April 2022
- Tweets19.4K
- Following7.3K
- Followers16.9K
- Likes52.7K
Sweeper🌎☮️ 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.
Sweeper🌎☮️ retweeted
Oratomic has raised a Series B, bringing our total funding to $775M since our launch in March. We are on a focused mission to build a utility-scale, fault-tolerant quantum computer.
Read more about our mission here: oratomic.com/news/mission
Sweeper🌎☮️ retweeted
We have identified you, sir.
Please return the funds to the following addresses:
Bitcoin: bc1qjhv3hu8rfteh5e8exfmalvx2z3pzlmjlgnzxey
BNB / Ethereum: 0xB18a1aEDfde8B70FD67012C9E9c7a088B4d0C0e7
Solana: AHTfKaeRcaK1sbSG8MFJS2uPxLBChfenigNtvbWEkhKD
You know better than most how responsible disclosure works — this is the last window to use it. After 48 hours, that window closes.
Sweeper🌎☮️ retweeted
[SECURITY NOTICE] Bitget Hot Wallet Incident — September 24, 2026
At 18:31 UTC on September 24, 2026, Bitget's security systems detected unauthorized transfers from some of our hot wallets. Our security team activated emergency response protocols immediately.
What we have confirmed:
-Estimated funds affected: approximately $351.6 million
-Cold wallets remain fully secure. Bitget operates a three-tier wallet architecture — the breach contained only a portion of the hot wallet and warm wallet layers.
-User funds are safe. The full amount of this loss falls within the coverage of Bitget's User Protection Fund, which currently holds over $464 million
Actions we have taken:
-Emergency response team activated within minutes of detection
-Abnormal transfer addresses identified, flagged, and reported
-Withdrawals temporarily suspended as a precautionary measure, pending security review
-Law enforcement and on-chain security firms have been formally notified and are engaged
What this means for you:
-Your account balances are accurate and your assets are protected
-Deposits and trading remain fully operational
Withdrawals are temporarily paused and will be restored as soon as the security review is complete
-What comes next: We will provide updates on an hourly basis across this channel and all official platforms. A full incident report — including root cause analysis and corrective actions — will be published within 24 hours. We will not speculate on the attack vector until the investigation is complete.
Bitget has navigated multiple market cycles. We will not run from this. Every dollar and every decision will be accounted for, transparently and in full.
Updates will be posted here and across all official Bitget channels as they become available.
— Gracy Chen, CEO, Bitget
Sweeper🌎☮️ retweeted
After @subberxyz wound down, we were lucky to pick up @frontendevon and @robbiesubber to join @brandontulsi on the metaplex app team
They absolutely cooked on this. Don't think anyone's seen what's possible yet when you can ship full stack on @solana with apps, indexing, dev tools and onchain programs all locked in.
Okayyy, I finally got access to @metaplex Vantage 😙
And I can already tell I’m about to spend way too much time tweaking this thing 😂
The UI is stupidly clean, but the customization is what really got me.
➾ Switch between different views
➾ Add tabs and move things around
➾ Completely change the appearance (loved this one 🫶)
➾ The search interface feels quite similar to Arkham
➾ Play around with attributes and make the whole workspace feel like your terminal
It’s one of those products you open for “𝐣𝐮𝐬𝐭 𝐚 𝐪𝐮𝐢𝐜𝐤 𝐥𝐨𝐨𝐤” and somehow 30 minutes later you’re still rearranging everything...
Still playing around with mine, but yeah…
If you’re active on @solana and haven’t touched Vantage yet, you’re kinda missing the fun. 👀
Gud Tek @metaplex 👏
Sweeper🌎☮️ retweeted
We know a little something about the U.S. securities laws and will not “DECIST.” Send your lawyers and we’ll educate them.
Seriously? What’s the concern you ask, @vladtenev? The list of concerns is almost existential.
U.S. securities laws are in place to protect investors. For good reason, we spend millions and millions of dollars every year to comply with U.S. securities laws. In good. conscience, how can Robinhood as a U.S. company set up an operation in far offshore Jersey, an island 3000 miles away, and market a security sort of posing as AMC in some shape or fashion, and not comply with U.S. securities laws. That is shocking and shameful.
Our past issuance of equity to strengthen our balance sheet was vital to our success. Your setting up some kind of fictitious synthetic equity market decouples stock token ownership from a company’s ability to control its own capital raising efforts.
Share ownership gives shareholders various rights, including the right to vote their shares. Your stock token pretend to be some form of stock ownership, but disclosures to the contrary notwithstanding, they are not ownership and they deprive investors of their rights.
This quasi-fake market you are creating on the island of Jersey sows distrust amongst the public about financial markets in general. There already is distrust in financial institutions, you are potentially making it far worse.
These are but a few of my concerns about your actions.
I hereby call on you and Robinhood to voluntarily CEASE AND DECIST the trading of AMC stock tokens. If you don’t, our high priced securities counsel has been asked to see whether we can force you to stop.
I also wonder how can the SEC possibly support your sham ignoring of U.S. securities laws. You can be sure we will be asking them.
Sweeper🌎☮️ retweeted
Muse Spark 1.3 is rolling out today with frontier performance almost too cheap to meter. This is the biggest jump we've made so far on coding and agentic work. Try it in Muse Code and our API.
Next up 🍉 and Muse Spark open weights releases coming soon.
The Bitcoin onchain ecosystem is showing signs of life
Runes and Ordinals are forever
10-100x loading on Bitcoin L1!
Runemine keeps building lfg!
Visibility begets activity, granting the ability to summon deeper liquidity.. 🌱
MineBridge opens the doors to more wallets, markets and users.
Huge shoutout to @BloFinWallet for supporting Runes expansion across the Solana ecosystem. 🟧🟪
Sweeper🌎☮️ retweeted
boomer VCs - you have been put on probation
be good frontier technology ecosystem stewards
or else your checkbooks will be taken away
all your LPs call me for references
the next generation is watching your every move
