[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Duncan [@FloodCapital](/creator/twitter/FloodCapital) on x 26.9K followers Created: 2025-07-07 19:29:06 UTC Just added to my $GLXY calls on this -XX% day following $CORZ's -XX% move (a large part of this seems to be driven by the lack of borrow on $CRWV....) $CRWV <> $CORZ deal was just announced, all equity acquisition (implied ~$9B valuation ~$20/share) it's not closing until Q4 so $CORZ has traded down significantly to $XXXXX - big reason for this is that $CRWV borrow costs are insane right now 150-200% annualized, so typically people could buy $CORZ at $XX then short the corresponding amount of $CRWV shares (ratio of 8:1) and lock in a $5/share profit when the deal closes - but it doesn't make sense given insane borrow costs right now. Overall since this is an all equity deal $GLXY actually benefits because it reduces $CRWV's future cash liabilities (CoreWeave's bonds are up on the day) therefore $GLXY has a higher chance of getting paid. Still think $GLXY has a ton of exciting catalysts coming in the next X months - financing announcement for Helios phase 1/2 (coming imminently) - approval of another 800MW from ERCOT for Helios bringing total power to 1.6GW (and potentially a new deal/tenant with this) - still have this extra 200MW that $CRWV could exercise their option on - in terms of the $CORZ deal you could argue either way if it has increased/decreased the likelihood of this happening but I think it ultimately it is a demand question which for data centers is still incredibly strong so either $CRWV takes it or another tenant - $BTC is also doing very well and Galaxy seems to be announcing more partnerships / exciting projects they are involved in every day! XXXXXX engagements  **Related Topics** [$73b](/topic/$73b) [discount](/topic/discount) [$57b](/topic/$57b) [stocks](/topic/stocks) [$20share](/topic/$20share) [$9b](/topic/$9b) [acquisition](/topic/acquisition) [$corz](/topic/$corz) [Post Link](https://x.com/FloodCapital/status/1942304889239134698)
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Duncan @FloodCapital on x 26.9K followers
Created: 2025-07-07 19:29:06 UTC
Just added to my $GLXY calls on this -XX% day following $CORZ's -XX% move (a large part of this seems to be driven by the lack of borrow on $CRWV....)
$CRWV <> $CORZ deal was just announced, all equity acquisition (implied ~$9B valuation ~$20/share) it's not closing until Q4 so $CORZ has traded down significantly to $XXXXX - big reason for this is that $CRWV borrow costs are insane right now 150-200% annualized, so typically people could buy $CORZ at $XX then short the corresponding amount of $CRWV shares (ratio of 8:1) and lock in a $5/share profit when the deal closes - but it doesn't make sense given insane borrow costs right now.
Overall since this is an all equity deal $GLXY actually benefits because it reduces $CRWV's future cash liabilities (CoreWeave's bonds are up on the day) therefore $GLXY has a higher chance of getting paid.
Still think $GLXY has a ton of exciting catalysts coming in the next X months
- financing announcement for Helios phase 1/2 (coming imminently)
- approval of another 800MW from ERCOT for Helios bringing total power to 1.6GW (and potentially a new deal/tenant with this)
- still have this extra 200MW that $CRWV could exercise their option on - in terms of the $CORZ deal you could argue either way if it has increased/decreased the likelihood of this happening but I think it ultimately it is a demand question which for data centers is still incredibly strong so either $CRWV takes it or another tenant
- $BTC is also doing very well and Galaxy seems to be announcing more partnerships / exciting projects they are involved in every day!
XXXXXX engagements
Related Topics $73b discount $57b stocks $20share $9b acquisition $corz