A curated list of companies funding rapid AI data centre and GPU buildout through heavy debt, betting that hyperscaler demand stays strong enough to keep financing available. Includes names whose balance sheets carry unusually high or negative leverage.
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| Company | Price & Valuation | FV & Narrative | Valuation | Growth | Analyst Target | |
|---|---|---|---|---|---|---|
SHAZ SharonAI Holdings US$72.02n/aintrinsic discount 38.1%7D 33.5%3M The author hasn't set a fair value for SHAZ | ||||||
NBIS Nebius Group US$255.04n/aintrinsic discount 34.3%7D 16.0%3M The author hasn't set a fair value for NBIS | ||||||
BRUN Boost Run US$22.55n/aintrinsic discount 31.2%7D -23.8%3M The author hasn't set a fair value for BRUN | ||||||
CRWV CoreWeave US$106.29n/aintrinsic discount 24.6%7D -0.9%3M The author hasn't set a fair value for CRWV | ||||||
GDS GDS Holdings US$34.77n/aintrinsic discount 9.2%7D -18.1%3M The author hasn't set a fair value for GDS | ||||||
APLD Applied Digital US$30.62n/aintrinsic discount 6.1%7D -28.1%3M The author hasn't set a fair value for APLD | ||||||
CIFR Cipher Digital US$16.62n/aintrinsic discount -8.7%7D -18.2%3M The author hasn't set a fair value for CIFR | ||||||
CLSK CleanSpark US$11.52n/aintrinsic discount -9.6%7D -12.1%3M The author hasn't set a fair value for CLSK | ||||||
CORZ Core Scientific US$19.78n/aintrinsic discount -6.0%7D -18.3%3M The author hasn't set a fair value for CORZ | ||||||
KEEL Keel Infrastructure US$3.31n/aintrinsic discount -13.4%7D -24.6%3M The author hasn't set a fair value for KEEL | ||||||
BTDR Bitdeer Technologies Group US$8.76n/aintrinsic discount -16.7%7D -34.4%3M The author hasn't set a fair value for BTDR |
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| Company | Price & Valuation | FV & Narrative | Valuation | Growth | Analyst Target | |
|---|---|---|---|---|---|---|
SHAZ SharonAI Holdings 38.1%7D 33.5%3M | US$72.02 n/aintrinsic discount | The author hasn't set a fair value for SHAZ | PB 2.3x | E 52.7% | US$113.75 | |
NBIS Nebius Group 34.3%7D 16.0%3M | US$255.04 n/aintrinsic discount | The author hasn't set a fair value for NBIS | PB 6.8x | E 63.0% | US$312.67 | |
BRUN Boost Run 31.2%7D -23.8%3M | US$22.55 n/aintrinsic discount | The author hasn't set a fair value for BRUN | PS 41.1x | E 132.7% | US$38.33 | |
CRWV CoreWeave 24.6%7D -0.9%3M | US$106.29 n/aintrinsic discount | The author hasn't set a fair value for CRWV | PS 7.7x | E 41.5% | US$143.26 | |
IREN IREN 18.0%7D -15.5%3M | US$44.76 n/aintrinsic discount | The author hasn't set a fair value for IREN | PE 101.2x | E 40.2% | US$81.73 | |
GDS GDS Holdings 9.2%7D -18.1%3M | US$34.77 n/aintrinsic discount | The author hasn't set a fair value for GDS | PE 17x | E 47.2% | US$51.34 | |
APLD Applied Digital 6.1%7D -28.1%3M | US$30.62 n/aintrinsic discount | The author hasn't set a fair value for APLD | PS 14.6x | E 73.4% | US$74.23 | |
VNET VNET Group 1.6%7D -26.2%3M | US$7.45 n/aintrinsic discount | The author hasn't set a fair value for VNET | PS 1.4x | E 79.2% | US$15.06 | |
CIFR Cipher Digital -8.7%7D -18.2%3M | US$16.62 n/aintrinsic discount | The author hasn't set a fair value for CIFR | PS 36.1x | E 92.7% | US$32.18 | |
WULF TeraWulf -4.5%7D -26.9%3M | US$16.31 n/aintrinsic discount | The author hasn't set a fair value for WULF | PS 49.3x | E 99.1% | US$36.64 | |
CLSK CleanSpark -9.6%7D -12.1%3M | US$11.52 n/aintrinsic discount | The author hasn't set a fair value for CLSK | PS 4.4x | E 48.0% | US$23.81 | |
CORZ Core Scientific -6.0%7D -18.3%3M | US$19.78 n/aintrinsic discount | The author hasn't set a fair value for CORZ | PS 14.4x | E 84.1% | US$37.13 | |
KEEL Keel Infrastructure -13.4%7D -24.6%3M | US$3.31 n/aintrinsic discount | The author hasn't set a fair value for KEEL | PS 10.9x | E 68.5% | US$6.45 | |
BTDR Bitdeer Technologies Group -16.7%7D -34.4%3M | US$8.76 n/aintrinsic discount | The author hasn't set a fair value for BTDR | PS 2.9x | E 10.9% | US$22.33 |