Michael Colonnese
H.C. Wainwright & Co, LLC, Research Division
All right. Who’s ready to step up the voltage for this one? No, biotech guys didn’t get that. I just had a double espresso, and I’m running at least a gigawatt right now. So I think it’s a good time to begin. Good afternoon, everyone. I’m Michael Colonnese. I head up H.C. Wainwright’s crypto and Digital Infrastructure Research franchise, and I’m extremely excited and grateful to be joined by such an esteemed group of panelists to discuss one of the most prominent investment themes of our time, AI infrastructure. Simply put, the companies on this stage have sourced and secured the scarcest asset in the AI value chain today, access to scalable power.
Some interesting data points to share with you to set the stage before we begin today. First, as many of you know, the hyperscalers are expected to spend over $1 trillion on AI next year alone. Second, Bitcoin miners have secured over $160 billion of AI colocation deals to date. And the companies on this stage alone have line of sight to over 14 gigawatts of total power capacity.
And with that context set, I’d now like to pass it over to the panelists for brief introductions. Matt, why don’t we start with you and work our way down?
Matt Schultz
CleanSpark, Inc.
Thanks, Mike. Good afternoon, everybody. Thanks for being here. My