Dense posts
Signals.
Facts, structure, interpretation, and the next observable.
U.S. coal retirements hit a 15-year low. The reason isn't policy. It's data center load.
U.S. retired only 2.6 GW of coal in 2025, the least in 15 years. EIA names data center load as the demand-side cause. PPAs and dispatch have decoupled.
PowerCapital structure
Meta's $20B capex revision points at memory, not GPUs
Meta raised 2026 capex by $10B; Zuckerberg named memory pricing. SK hynix confirms three-year HBM shortage. Memory now binds AI infra cost more than logic.
MemoryComputeCapital structure
Pain pharma underwrites 48,000-GPU edge network. The 'quantum' is encryption.
A $120M Scilex term sheet funds Datavault's edge GPU buildout. The quantum label points to encryption, not quantum compute.
ComputeCryptoCapital structure