Core Insights - Southern Company's subsidiary, Southern Telecom, has partnered with Seimitsu to form SouthernWaves, aimed at delivering next-generation fiber-optic network services across the Southeastern United States [1][9] - This strategic alliance combines Southern Telecom's secure dark fiber infrastructure with Seimitsu's advanced network management capabilities, enhancing service offerings [2][4] Infrastructure Development - SouthernWaves introduces scalable, secure, and high-performance connectivity, crucial for the digital economy, supported by a state-of-the-art Network Operations Center in Savannah [3][14] - The partnership shifts from dark fiber solutions to lit services, allowing businesses to avoid investing in their own network equipment, thus simplifying operations and reducing capital expenditure [4][5] Project Engagement - SouthernWaves has engaged with Georgia Power to support the South Downtown Atlanta project, which aims to revitalize 56 buildings and create over one million square feet of commercial space [6][10] - The high-capacity fiber infrastructure will facilitate the integration of smart building technologies and advanced data services, positioning South Downtown as a technology hub [7][11] Regional Expansion - SouthernWaves aims to elevate digital readiness across the Southeast, providing connectivity solutions to businesses in Georgia, South Carolina, Alabama, and beyond [12][13] - The initiative addresses regional broadband gaps, ensuring both urban centers and underserved rural areas benefit from enhanced connectivity [13] Security and Reliability - SouthernWaves emphasizes security and reliability, with robust fiber routes and continuous monitoring to protect mission-critical data [14][15] - This infrastructure ensures high uptime and quick threat response, essential for industries where downtime is costly [15] Future Readiness - The collaboration positions Atlanta for the upcoming FIFA World Cup, showcasing the city's readiness for international attention and demand [16][17] - SouthernWaves is not just about internet connectivity; it aims to empower communities and businesses in a technology-dependent world [18]

Company Overview - The company is a premier digital infrastructure solutions provider operating across all 50 states [1] - It specializes in engineering, construction, service, and maintenance of both wireline and wireless telecommunication services [1] - The company is increasingly focusing on connecting the grid nationwide through long-haul and middle mile networks, particularly for hyperscalers [1] Industry Context - The telecommunications space is currently very busy, indicating a high demand for digital infrastructure solutions [1]

Core Insights - Dycom Industries reported a strong second-quarter earnings performance, with a notable increase in revenue and net income, leading to a positive market reaction despite a slight miss on revenue expectations [1][4]. Financial Performance - The company achieved a record revenue of nearly $1.38 billion for the second quarter of fiscal 2026, reflecting a 15% year-over-year growth [2]. - GAAP net income rose by 43% to $97.5 million, translating to $3.33 per share [2]. - Dycom's revenue slightly missed analyst expectations of $1.41 billion, while the GAAP net income exceeded expectations of $2.92 per share [4]. Growth Drivers - The growth was attributed to increased customer demand for digital infrastructure, improved operational efficiency, and effective cash-flow management [4]. - Dycom expressed confidence in sustaining growth, projecting fiscal 2026 revenue between $5.29 billion and $5.43 billion, indicating at least 12.5% growth compared to the previous year [5][6].

Financial Data and Key Metrics Changes - Revenue for the quarter was $1,380,000,000, a 14.5% increase over the prior year [7] - Adjusted EBITDA reached $205,500,000, representing a 14.9% margin and a 29.8% increase over the prior year [8][27] - Net income was $97,500,000, with diluted EPS of $3.33 per share, exceeding expectations [28] - Total backlog at the end of Q2 was $7,989,000,000, including $4,604,000,000 expected to be completed in the next twelve months, marking a year-over-year increase of over 20% [29] Business Line Data and Key Metrics Changes - Revenue growth was driven by fiber to the home programs, wireless activity, maintenance and operations services, and initial contributions from fiber infrastructure programs for hyperscalers [27] - The service and maintenance business, which historically has been over half of the business, continues to grow with new awards and market expansions [51] Market Data and Key Metrics Changes - The demand for digital infrastructure is accelerating, with customers' fiber to the home build plans comprising over 125,000,000 passings, with significant incremental opportunities in the past sixteen months [11][12] - The addressable market for DICOM from spending on outside plant data center network infrastructure is estimated to exceed $20,000,000,000 over the next five years [19][53] Company Strategy and Development Direction - The company is focused on operational excellence, efficient cash flow management, and maintaining a diverse backlog that balances risk and shareholder returns [23][24] - DICOM is positioned to capitalize on the growing demand for digital infrastructure, particularly in relation to AI and hyperscaler investments [15][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth opportunities driven by customer investments and the recent tax legislation, which is expected to increase capital spending [30][22] - The company reaffirmed its fiscal 2026 revenue outlook range of $5,290,000,000 to $5,425,000,000, indicating confidence in achieving growth targets [10][31] Other Important Information - The company improved its Days Sales Outstanding (DSOs) by nine days year-over-year, ending the quarter at 108 days [8][29] - Recent corporate tax legislation is expected to provide a free cash flow benefit of approximately $50,000,000 due to reduced cash tax payments [30] Q&A Session Summary Question: What led to the low end of guidance for revenue in Q2? - Management noted that different customer programs are at various stages of ramping, impacting quarterly performance, but expressed optimism about the overall momentum and backlog growth [33][34] Question: Should we expect high margins to continue going forward? - Management confirmed that margins have been improving due to operational efficiencies and strategic reinvestments, and they expect to maintain strong margins moving forward [37][39] Question: What is the percentage of recurring revenue in the current business? - Management indicated that over 80% of their work is on Master Service Agreements (MSAs), which are repeatable, and they expect this to grow as they expand their service and maintenance business [50][51] Question: Can you provide an update on the data center opportunity in your backlog? - Management stated that they are seeing significant opportunities in the data center space, with ongoing conversations and awards contributing to their backlog [52][54] Question: How do you prioritize capital allocation between M&A and share repurchases? - Management emphasized that supporting growth is the first priority, but they are also open to M&A opportunities that fit their strategy and culture, balancing this with share repurchases when appropriate [72]

Core Points - TeraWulf Inc. has rescheduled its second quarter 2025 investor conference call to August 14, 2025, at 8:00 a.m. ET [1] - A supplemental investor presentation covering second quarter 2025 results and recent developments will be available prior to the call [2] - TeraWulf focuses on environmentally sustainable, industrial-scale data center infrastructure in the U.S., specifically for high-performance computing (HPC) hosting and bitcoin mining [4] Conference Call Information - Participants are encouraged to log on or dial in approximately 5 minutes before the call begins [3] - The call can be accessed via webcast or by dialing specific numbers provided for U.S. and international participants [6] Replay Information - The replay of the conference call will be available until August 28, 2025, at 11:59 p.m. ET [6]

Core Insights - TeraWulf is on track to deliver 72.5 MW of HPC hosting infrastructure to Core42 by 2025 and aims to secure 200-250 MW operational by the end of 2026 [1][6] - The company's Bitcoin mining capacity increased by 45.5% year-over-year to 12.8 EH/s [1][7] Financial Performance - Revenue for Q2 2025 was $47.6 million, a 34% increase from $35.6 million in Q2 2024 [7][10] - Cost of revenue (excluding depreciation) rose to $22.1 million, up 59% from $13.9 million in Q2 2024, resulting in a cost of revenue as a percentage of revenue of 46.4% compared to 39.1% in the previous year [3][10] - Self-mined Bitcoin decreased to 485 from 699 in Q2 2024, with the total value of self-mined Bitcoin at $47.6 million compared to $46.1 million in the same quarter last year [8][10] - Power cost per Bitcoin self-mined increased significantly to $45,555 from $22,954 in Q2 2024 [8] Operational Highlights - TeraWulf's operational hashrate reached 12.2 EH/s, up from 8.0 EH/s in Q2 2024 [5] - The company is in advanced discussions to expand HPC hosting and has secured interconnection approval to draw 500 MW from the grid, with plans to increase this to 750 MW [9] Management Commentary - The CEO emphasized the company's commitment to developing scalable, sustainable digital infrastructure and highlighted strong demand from enterprise and hyperscale customers for low-cost, zero-carbon compute infrastructure [6][9] - The CFO noted that revenue from HPC hosting is expected to begin in Q3 2025, marking a significant inflection point for the company's financial profile [9] Liquidity and Capital Resources - As of June 30, 2025, TeraWulf held $90 million in cash and cash equivalents, with total outstanding debt of approximately $500 million [11] - The company reported a net loss of $18.4 million for Q2 2025, compared to a net loss of $10.9 million in Q2 2024 [20]

Core Insights - HRC World Plc reported a significant increase in revenue for the financial year ending 31 March 2025, reaching US$818,000 compared to US$141,000 in the previous year, indicating a successful strategic realignment [2] - The company narrowed its pre-tax loss to US$46,000 from US$220,000 in the prior year, showcasing improved operational cost control while investing in future growth sectors [2] - The company is optimistic about its strategic direction, focusing on digital infrastructure and sustainable energy solutions, while gradually shifting from restaurant management services to technology-driven business segments [3] Financial Performance - Revenue for the year ending 31 March 2025 was US$818,000, a substantial increase from US$141,000 in the previous year [2] - Pre-tax loss decreased to US$46,000 from US$220,000, reflecting better cost management [2] Strategic Direction - The company is advancing its strategic transformation towards digital infrastructure and sustainable energy solutions [3] - There is a shift in focus from restaurant management services to the development of data centre and IT infrastructure capabilities [3] Dividend Policy - The Directors have decided not to propose the payment of a dividend [4]

Core Insights - HIVE Digital Technologies Ltd. has achieved a Bitcoin mining hashrate of over 14 EH/s, with an annual run rate revenue of $315 million and mining margins of approximately 55% after electricity costs [2][9] - The company aims to reach 18 EH/s by the end of summer and 25 EH/s by U.S. Thanksgiving, positioning itself as a leading Bitcoin miner [2][3] - HIVE's operations in Paraguay are expanding, with daily Bitcoin production increasing to over 7 BTC, and a forecast to reach 12 BTC per day by year-end [4][5] Company Growth and Operations - The construction of HIVE's facilities in Paraguay is progressing, with Phase 2 at the Yguazú site over 60% complete and 4 EH/s of new miners already operational [4] - The company employs over 300 local workers, emphasizing speed and precision in its operations while contributing to community development [6] - HIVE's strategy aligns with macro trends such as the rise of stablecoin usage and Bitcoin's increasing role in finance, bolstered by the recent U.S. Genius Act [7][8] Financial Performance - Following the fiscal year-end on March 31, 2025, HIVE reported $105 million in Bitcoin revenue, which has now increased to an annualized run rate of $315 million [9] - The company maintains a focus on cash flow and operational efficiency, aiming for a global fleet efficiency of approximately 18.5 J/TH [10][11]

Core Insights - Sprouts Farmers Market, Inc. (SFM) is set to announce its second-quarter 2025 earnings results on July 30, which is critical for investors to decide on their positions regarding the stock [1] Financial Performance Expectations - The Zacks Consensus Estimate for second-quarter revenues is $2,167 million, reflecting a 14.4% increase year-over-year [3] - The earnings consensus estimate has risen to $1.23 per share, indicating a 30.9% year-over-year increase [3] - SFM has a trailing four-quarter earnings surprise average of 16.5%, with a 17.5% beat in the last reported quarter [3] Earnings Prediction Model - The Zacks model indicates a likely earnings beat for SFM, supported by a positive Earnings ESP and a Zacks Rank of 2 (Buy) [4][5] Growth Drivers - SFM is capitalizing on the growing demand for organic and natural products, enhancing its market position [2] - The company focuses on product innovation, technology, and competitive pricing, which are expected to positively impact sales [6] - Comparable store sales growth is anticipated at 7.9% for the quarter [8] E-commerce and Digital Strategy - SFM has invested significantly in its digital infrastructure, leading to a 28% increase in e-commerce sales in Q1 2025 [9] Cost Management and Margins - Management expects gross margin and SG&A rates to normalize in Q2, with SG&A expenses projected to rise 13.7% year-over-year [10] Stock Performance and Valuation - SFM's stock has surged 90.3% over the past year, outperforming the industry growth of 65.1% [11] - The stock trades at a premium P/S ratio of 1.70 compared to the industry average of 0.27, indicating a higher valuation relative to anticipated sales growth [12][13] Investment Outlook - SFM's strong sales growth, margin expansion, and strategic initiatives position it as a compelling investment opportunity [15] - Existing investors may consider holding their positions, while new investors should evaluate the stock's premium valuation before entering [16]

Frank Holland speaks with Vertiv CEO Gio Albertazzi and Oklo CEO Jacob DeWitte about a new agreement between the companies focused on creating power and heat management solutions for data centers and other digital infrastructure. ...