NBIS (NBIS)

$NBIS at $92, telling you it is going to $280 next Price hit $283 today.

$NBIS is my largest position in the hyperscaler category. Leopold disclosed a massive position in it, gov fable restrictions are a clear narrative headwind, and just look at my founder. I'm still a novice regarding AI turtlenecks as I wasted the past two years trading coins and golfing, so take my views with a grain of salt.

Crypto miners to NeoCloud: The most successful AI transformation batch in the crypto space When crypto people were still marveling at AI development and stock price surges, a group of companies had quietly completed the transition from Crypto to AI. They were once crypto miners, making money by mining BTC and ETH; Now they have already or are transitioning to NeoCloud, making money by providing AI compute to OpenAI and Anthropic. 1. What is NeoCloud? After ChatGPT launched in 2022 and went viral, a historic GPU compute shortage emerged, and NeoCloud was born. NeoCloud can be understood as the next-generation AI cloud service provider, offering large-scale AI compute to customers, unlike AWS/Azure's general cloud; representative companies include CoreWeave, Nebius, etc. 2. Why crypto miners? Crypto mining and NeoCloud essentially do the same thing: converting electricity into compute to make money. Miner business model: Electricity -> GPU/miner -> BTC/ETH compute -> block reward NeoCloud business model: Electricity -> GPU -> AI compute -> OpenAI/Anthropic contracts If you start NeoCloud from scratch, you need: buy electricity, buy land, buy GPUs, build substations, build cooling systems, build data centers, assemble an operations team. And miners already have all of these! 3. The story of the leader CoreWeave $CRWV One of NeoCloud's leaders, CoreWeave $CRWV, originally called Atlantic Crypto, a GPU mining company founded in 2017. During the 2019 crypto bear market, the company renamed to CoreWeave and used $3 million raised to buy 40,000 GPUs (mining cards) from bankrupt miners, mining while building GPU cloud services. When the 2021 crypto bull market arrived, CoreWeave chose not to continue mining ETH, but instead liquidated all its GPUs at 10x price. They used the money plus $50M financing to purchase data-center-grade GPUs (A100, etc.) from Nvidia, starting to build AI data centers. 2023 was a destiny-changing year: ChatGPT exploded, AI companies were crazy for GPUs, CoreWeave recognized NeoCloud's wind. That year, CoreWeave received strategic investment from Nvidia becoming a “child”, secured a big contract with Microsoft, and began rapid expansion. In 2025, CoreWeave went public, ticker $CRWV, becoming one of the US stock AI NeoCloud leaders. Today’s CoreWe