James MurphyHostNews.
Where do you wanna start?
Yeah.
So we're gonna cover the last two weeks 'cause as, as we alluded, we've been a bit slack on the weekly news updates.
So, why don't we start with the investments? We did the Day1 IPO.
Yes.
We've got two big IPO stories and a big fundraising from private capital.
So let's have a bit of a compare, shall we? So Day1's IPO is, um, it's officially the p- the prospectus has been, uh, put into the SEC, and this is gonna be listing on the, uh, the NASDAQ in New York, which is the arguably the, the tougher of the exchanges to list on, but the, the most prominent one as well.
So obviously the, um, the investors part of that round C that we had talked about with Coatue and Hillhouse and Co., feel very confident in Day1's prospects.
Yeah.
Well, the prospectus had lots of kind of interesting stuff here.
So what jumped out at me, and while we're tracking this DC Byte obviously, but the numbers are, are pretty significant in terms of what's actually live now.
So 675 megawatts in June, and as of 20th of September, 962.
So what a 50-odd percent increase in pretty, a pretty short period of time.
1.3 gigawatts under construction.
Various stages of development there.
So up from 1.1 gigawatts in June.
So yeah, seemingly just continuing to add significant amounts of capacity at various stages and into new markets.
So, um, an interesting one to keep an eye on and finally actually happening.
[laughs]
Yeah.
It's ex- exciting.
So it was nice to have, um, James Drew on the In Conversation recently giving us the equity analyst's view of this, 'cause we always talk about it from a very insular industry perspective, and we're talking about megawatts announced and that sort of stuff.
And I was listening this week to a couple of different sort of mainstream finance podcasts who are talking about this IPO, and it's interesting how they're looking at the revenue calculations, and they're, uh, they seem quite positive on Day1's contracted revenue and Day1's current revenue.
They are pointing out a lot of the usual things with any heavy infrastructure business, which is the quantity of debt and the escalating costs.
News.
Where do you wanna start?
Yeah.
So we're gonna cover the last two weeks 'cause as, as we alluded, we've been a bit slack on the weekly news updates.
So, why don't we start with the investments? We did the Day1 IPO.
Yes.
We've got two big IPO stories and a big fundraising from private capital.
So let's have a bit of a compare, shall we? So Day1's IPO is, um, it's officially the p- the prospectus has been, uh, put into the SEC, and this is gonna be listing on the, uh, the NASDAQ in New York, which is the arguably the, the tougher of the exchanges to list on, but the, the most prominent one as well.
So obviously the, um, the investors part of that round C that we had talked about with Coatue and Hillhouse and Co., feel very confident in Day1's prospects.
Yeah.
Well, the prospectus had lots of kind of interesting stuff here.
So what jumped out at me, and while we're tracking this DC Byte obviously, but the numbers are, are pretty significant in terms of what's actually live now.
So 675 megawatts in June, and as of 20th of September, 962.
So what a 50-odd percent increase in pretty, a pretty short period of time.
1.3 gigawatts under construction.
Various stages of development there.
So up from 1.1 gigawatts in June.
So yeah, seemingly just continuing to add significant amounts of capacity at various stages and into new markets.
So, um, an interesting one to keep an eye on and finally actually happening.
[laughs]
Yeah.
It's ex- exciting.
So it was nice to have, um, James Drew on the In Conversation recently giving us the equity analyst's view of this, 'cause we always talk about it from a very insular industry perspective, and we're talking about megawatts announced and that sort of stuff.
And I was listening this week to a couple of different sort of mainstream finance podcasts who are talking about this IPO, and it's interesting how they're looking at the revenue calculations, and they're, uh, they seem quite positive on Day1's contracted revenue and Day1's current revenue.
They are pointing out a lot of the usual things with any heavy infrastructure business, which is the quantity of debt and the escalating costs.
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