$NBIS is now guiding for 1GW of capacity by late 2026



With 220MW, they expect to reach $1B in ARR

We can infer that with 1GW, they’ll be able to generate at least $4B in ARR, likely closer to $5–6B at full utilization

Apply $CRWV current forward multiple of 10x sales, and you get a valuation between $40B and $60B
IN-5.73%
LL0.21%
GET12.84%
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