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Demonstration profile for a power-site portfolio spanning operating mining and potential high-performance-compute development.
Profile status
Sample profile. Verify current site ownership, capacity, contracts, and financing.
Updated Aug 2, 2026
Gross power capacity
630 MW
Illustrative · current verification required
Contracted capacity
—
Illustrative · current verification required
Development pipeline
1,700 MW
Illustrative · current verification required
Profile overview
Demonstration profile for a power-site portfolio spanning operating mining and potential high-performance-compute development.
Illustrative corporate and project financing with site-specific development optionality.
Asset map
| Project | Location | Stage | Gross capacity | Contracted capacity | Description |
|---|---|---|---|---|---|
| Illustrative operating portfolio | Texas | Operating | 430 MW | — | Sample aggregation. |
| Illustrative development sites | Texas | Development | 1,200 MW | — | Sample optional capacity; not a current representation. |
Capital structure
The demonstration history is included to make dilution visible beside enterprise-value growth. Replace it with current basic and fully diluted reconciliations before launch.
Latest material revision
Jul 24, 2026
Added separate source records for each peer rather than relying on presentation summaries.
Previous
One aggregated peer table
Revised
Company-level filing and presentation mapping
Reason
Peer comparisons require consistent definitions of gross MW, usable IT MW, ownership, capex, and contracted capacity.
Source
Sample source-library expansion
Estimated effect
Reduced false precision in the comparative ranking.
Published analysis
WULF · CIFR · IREN
A demonstration peer analysis that normalizes capacity definitions, contract structures, capex responsibility, financing, and dilution before comparing valuation.
Primary-source archive
CIFR · Jun 30, 2026 · United States
Relevant finding
Illustrative source for operating sites, development commitments, and capital structure.
Review notes
Replace with exact filing.
CIFR · Jul 1, 2026 · United States
Relevant finding
Illustrative source for site optionality and potential HPC development.
Review notes
Confirm project status independently.
Capacity, contract, financing, and share-count fields should be traceable to dated sources.