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    Vulcan Infrastructure and Power (VIP)

    Market Price (11/9/2026): $0.9638 | Market Cap: $34.3 MilSector: Financials | Industry: Diversified Capital Markets

    Vulcan Infrastructure and Power (VIP)

    Market Price (11/9/2026): $0.9638
    Market Cap: $34.3 Mil
    Sector: Financials
    Industry: Diversified Capital Markets

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Megatrend and thematic drivers
    Megatrends include Renewable Energy Transition, and Electrification of Everything. Themes include Battery Storage & Grid Modernization, Solar Energy Generation, Show more.

    Weak multi-year price returns
    2Y Excs Rtn is -89%, 3Y Excs Rtn is -135%

    Penny stock
    Mkt Price is 1.0

    Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45%

    Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.4%, Rev Chg QQuarterly Revenue Change % is -74%

    Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%

    0 Megatrend and thematic drivers
    Megatrends include Renewable Energy Transition, and Electrification of Everything. Themes include Battery Storage & Grid Modernization, Solar Energy Generation, Show more.
    1 Weak multi-year price returns
    2Y Excs Rtn is -89%, 3Y Excs Rtn is -135%
    2 Penny stock
    Mkt Price is 1.0
    3 Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -23 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45%
    4 Weak revenue growth
    Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -8.4%, Rev Chg QQuarterly Revenue Change % is -74%
    5 Not cash flow generative
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -40%

    VIP in ETFs

    Weight = VIP's share of each fund

    VTI0.00%
    SPEM0.00%

    Valuation & Metrics

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    AI Analysis | Feedback

    MetricValueDateSource
    Existing Energized Capacity104 MW7242026Link
    Development Pipeline Capacity654 MW7242026Link
    Near-Term AI/HPC-Ready Capacityover 100 MW7242026Link

    Price Chart

    Upcoming
    11/16/2026Earnings ReleaseRev: -
    EPS: -

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 11/5/2026

    Vulcan Infrastructure and Power (VIP) stock has lost about 55% since 7/31/2026 because of the following key factors:

    1. Major Strategic Business Model Shift and Associated Investor Uncertainty.

    Vulcan Infrastructure and Power (VIP) completed a corporate name change from Greenidge Generation Holdings Inc. and a significant strategic transformation in July 2026, pivoting from historical bitcoin mining operations to a power and digital infrastructure platform focused on AI and high-performance computing (HPC) workloads. This change, along with a $39.4 million strategic investment to support the new direction, coincided with the stock reaching its 52-week high of $2.79 on July 24, 2026. The subsequent decline suggests that the market reacted with considerable uncertainty and perceived execution risk regarding this new business model, leading to a substantial sell-off during the specified period.

    2. Lack of Immediate Positive Financial Catalysts Post-Transformation.

    Following the strategic pivot in late July 2026, there was an absence of immediate, tangible positive financial news, such as significant project wins, revenue increases, or improved profitability specifically tied to the new AI/HPC infrastructure business within fiscal Q3 2026 (ending September 30, 2026) or later in the period. This lack of clear and prompt financial validation for the new strategy likely contributed to investor skepticism and sustained selling pressure, as the market awaited concrete evidence of successful execution and financial upside from the transformation.

    Show more
    Updated on 11/5/2026

    Vulcan Infrastructure and Power (VIP) stock has lost about 55% since 7/31/2026 because of the following key factors:

    1. Major Strategic Business Model Shift and Associated Investor Uncertainty.

    Vulcan Infrastructure and Power (VIP) completed a corporate name change from Greenidge Generation Holdings Inc. and a significant strategic transformation in July 2026, pivoting from historical bitcoin mining operations to a power and digital infrastructure platform focused on AI and high-performance computing (HPC) workloads. This change, along with a $39.4 million strategic investment to support the new direction, coincided with the stock reaching its 52-week high of $2.79 on July 24, 2026. The subsequent decline suggests that the market reacted with considerable uncertainty and perceived execution risk regarding this new business model, leading to a substantial sell-off during the specified period.

    2. Lack of Immediate Positive Financial Catalysts Post-Transformation.

    Following the strategic pivot in late July 2026, there was an absence of immediate, tangible positive financial news, such as significant project wins, revenue increases, or improved profitability specifically tied to the new AI/HPC infrastructure business within fiscal Q3 2026 (ending September 30, 2026) or later in the period. This lack of clear and prompt financial validation for the new strategy likely contributed to investor skepticism and sustained selling pressure, as the market awaited concrete evidence of successful execution and financial upside from the transformation.

    3. Small Market Capitalization and Heightened Volatility.

    Vulcan Infrastructure and Power (VIP) has a relatively small market capitalization of $23.0 million as of November 2, 2026. Companies with smaller market caps are inherently more susceptible to significant price volatility, especially during periods of major strategic shifts and when market sentiment is uncertain. This characteristic amplified the stock's vulnerability, contributing to the approximate 58% decline from its July 2026 high of $2.79 to its November 2026 low of $1.17.

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    Stock Movement Drivers

    Fundamental Drivers

    The -54.1% change in VIP stock from 7/31/2026 to 11/8/2026 was primarily driven by a -90.8% change in the company's Net Income Margin (%).
    (LTM values as of)731202611082026Change
    Stock Price ($)2.100.96-54.1%
    Change Contribution By: 
    Total Revenues ($ Mil)6051-15.7%
    Net Income Margin (%)10.4%1.0%-90.8%
    P/E Multiple5.333.9534.1%
    Shares Outstanding (Mil)1617-6.9%
    Cumulative Contribution-54.1%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2026 to 11/8/2026
    ReturnCorrelation
    VIP-54.1% 
    Market (SPY)-1.6%33.0%
    Sector (XLF)0.4%6.4%

    Fundamental Drivers

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    Market Drivers

    4/30/2026 to 11/8/2026
    ReturnCorrelation
    VIP  
    Market (SPY)2.6%37.6%
    Sector (XLF)10.0%6.2%

    Fundamental Drivers

    null
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    Market Drivers

    10/31/2025 to 11/8/2026
    ReturnCorrelation
    VIP  
    Market (SPY)8.7%37.6%
    Sector (XLF)10.5%6.2%

    Fundamental Drivers

    null
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    Market Drivers

    10/31/2023 to 11/8/2026
    ReturnCorrelation
    VIP  
    Market (SPY)81.9%37.6%
    Sector (XLF)84.4%6.2%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    VIP Return------61%-61%
    Peers Return21%9%38%134%51%-19%422%
    S&P 500 Return27%-19%24%23%16%12%105%

    Monthly Win Rates [3]
    VIP Win Rate-----0% 
    Peers Win Rate61%56%67%68%58%45% 
    S&P 500 Win Rate75%42%67%75%67%45% 

    Max Drawdowns [4]
    VIP Max Drawdown------ 
    Peers Max Drawdown-26%-27%-21%-24%-35%-37% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: TLN, CEG, VST, NRG, NEE.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 11/6/2026 (YTD)

    How Low Can It Go

    VIP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

    EventXLFS&P 500
    2025 US Tariff Shock
      % Loss-15.5%-18.8%
      % Gain to Breakeven18.4%23.1%
      Time to Breakeven80 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-10.7%-9.5%
      % Gain to Breakeven12.0%10.5%
      Time to Breakeven26 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-16.1%-6.7%
      % Gain to Breakeven19.1%7.1%
      Time to Breakeven270 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-22.3%-24.5%
      % Gain to Breakeven28.6%32.4%
      Time to Breakeven467 days427 days
    2020 COVID-19 Crash
      % Loss-42.8%-33.7%
      % Gain to Breakeven74.8%50.9%
      Time to Breakeven289 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-19.7%-19.2%
      % Gain to Breakeven24.5%23.8%
      Time to Breakeven123 days105 days

    Compare to TLN, CEG, VST, NRG, NEE

    In The Past

    State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    VIP has limited trading history. Below is the Financials sector ETF (XLF) in its place.

    EventXLFS&P 500
    2022 Inflation Shock & Fed Tightening
      % Loss-22.3%-24.5%
      % Gain to Breakeven28.6%32.4%
      Time to Breakeven467 days427 days
    2020 COVID-19 Crash
      % Loss-42.8%-33.7%
      % Gain to Breakeven74.8%50.9%
      Time to Breakeven289 days140 days
    2015-2016 China Devaluation / Global Growth Scare
      % Loss-21.4%-12.2%
      % Gain to Breakeven27.3%13.9%
      Time to Breakeven272 days62 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-26.1%-17.9%
      % Gain to Breakeven35.3%21.8%
      Time to Breakeven162 days123 days
    2008-2009 Global Financial Crisis
      % Loss-78.3%-53.4%
      % Gain to Breakeven359.8%114.4%
      Time to Breakeven2329 days1085 days

    Compare to TLN, CEG, VST, NRG, NEE

    In The Past

    State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About Vulcan Infrastructure and Power (VIP)

    Vulcan Infrastructure and Power (VIP) operates as an integrated company with a dual focus on cryptocurrency datacenter operations and power generation. The company owns and manages multiple cryptocurrency datacenters, with current facilities located in New York and South Carolina.

    VIP's core business involves the active mining of cryptocurrencies, for which it provides the necessary infrastructure and processing power through its datacenters. To support the high energy demands of these operations, the company also owns and operates a significant 106 MW power generation facility. This vertical integration allows VIP to directly control a substantial portion of its energy supply, optimizing efficiency for its cryptocurrency mining activities.

    The primary market served by Vulcan Infrastructure and Power is the dynamic cryptocurrency sector, where its datacenters contribute to the security and processing of digital currencies. By combining its power generation capabilities with its cryptocurrency mining operations, VIP positions itself within this specialized market with a controlled and stable energy source.

    AI Analysis | Feedback

    1. It's like a power utility that primarily uses its generated electricity to mine Bitcoin.

    2. Imagine a Bitcoin mining company (like Marathon Digital) that also owns its own dedicated power plant.

    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

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    • Bitmain Technologies Ltd.
    • Whatsminer (MicroBT)
    • Dominion Energy, Inc. (D)
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    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

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    AI Analysis | Feedback

    Vulcan Infrastructure and Power (VIP) is strategically shifting its business focus, and several key drivers are expected to fuel its revenue growth over the next two to three years.

    The company, which recently changed its name from Greenidge Generation Holdings Inc. (formerly NASDAQ:GREE) and began trading under the VIP ticker on July 24, 2026, has transitioned away from bitcoin mining operations to become a power and digital infrastructure platform.

    Here are the expected drivers of future revenue growth:

    1. Expansion into AI and High-Performance Computing (HPC) Data Centers: Vulcan Infrastructure and Power is focusing on capitalizing on the growing demand for energized sites that support next-generation artificial intelligence (AI) and high-performance computing (HPC) workloads. The company has a near-term goal of commercializing over 100 MW of AI/HPC-ready capacity.
    2. Development and Commercialization of Energized Capacity: The company controls 104 MW of existing energized capacity and boasts a substantial 654 MW development pipeline across its owned sites. The ongoing development and commercialization of this pipeline are expected to significantly contribute to future revenue.
    3. Revenue from Power Generation and Grid Support: Beyond powering its own digital infrastructure, Vulcan will generate revenue by providing power to the communities where it operates, thereby supporting the local electricity grids. This dual revenue stream from both internal and external power sales is a key growth driver.
    4. Strategic Investment for Platform Growth: A recently announced $39.4 million strategic investment is instrumental in positioning Vulcan as a publicly traded power and digital infrastructure platform. This capital infusion is expected to facilitate the company's strategic transformation and expansion initiatives.

    AI Analysis | Feedback

    Capital Allocation Decisions for Vulcan Infrastructure and Power (VIP)

    Share Issuance

    • Vulcan Infrastructure and Power announced a $39.4 million capital raise on July 20, 2026, aimed at unlocking the value of its power and infrastructure assets.

    Inbound Investments

    • A $39.4 million strategic investment was secured from Machine Investment Group and Atlas Holdings, aligning with the company's strategic transformation into a power and digital infrastructure platform.

    Capital Expenditures

    • The company has shifted its primary focus for capital expenditures from historical bitcoin mining data center operations to developing power and digital infrastructure for artificial intelligence (AI) and high-performance computing (HPC) workloads.
    • Vulcan Infrastructure and Power currently controls 104 MW of existing energized capacity and possesses a 654 MW development pipeline across its owned sites.
    • The company plans to commercialize over 100 MW of AI/HPC-ready capacity in the near term, indicating significant future capital expenditures in this area.

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    Peer Comparisons

    Peers to compare with:

    Financials

    VIPTLNCEGVSTNRGNEEMedian
    NameVulcan I.Talen En.Constell.Vistra NRG Ener.NextEra . 
    Mkt Price0.96341.60261.00126.8493.0087.65109.92
    Mkt Cap-16.394.042.719.6183.142.7
    Rev LTM514,48131,27019,21233,12528,82524,018
    Op Inc LTM-236874,4843,7232,0808,3502,902
    FCF LTM-202813092,2553164,089312
    FCF 3Y Avg-24--3,3232,0481,1224,1841,122
    CFO LTM-207704,2065,1211,55514,8212,880
    CFO 3Y Avg-17--2834,4321,99113,6481,991

    Growth & Margins

    VIPTLNCEGVSTNRGNEEMedian
    NameVulcan I.Talen En.Constell.Vistra NRG Ener.NextEra . 
    Rev Chg LTM-14.1%91.3%26.0%3.8%12.8%9.6%11.2%
    Rev Chg 3Y Avg-8.4%16.4%6.9%6.7%3.1%1.9%4.9%
    Rev Chg Q-73.7%96.1%23.0%-5.5%11.0%1.6%6.3%
    QoQ Delta Rev Chg LTM-15.7%19.8%4.7%-1.2%2.3%0.4%1.4%
    Op Inc Chg LTM-50.1%136.9%30.4%2.0%78.8%12.8%21.6%
    Op Inc Chg 3Y Avg5.6%40.9%483.3%23.6%78.3%-2.9%32.3%
    Op Mgn LTM-45.2%15.3%14.3%19.4%6.3%29.0%14.8%
    Op Mgn 3Y Avg-30.1%12.9%13.4%17.4%6.2%29.8%13.1%
    QoQ Delta Op Mgn LTM-14.6%2.8%-2.5%0.1%2.7%0.6%0.4%
    CFO/Rev LTM-39.7%17.2%13.5%26.7%4.7%51.4%15.3%
    CFO/Rev 3Y Avg-29.6%--2.7%25.9%6.6%50.3%6.6%
    FCF/Rev LTM-40.1%6.3%1.0%11.7%1.0%14.2%3.6%
    FCF/Rev 3Y Avg-39.3%--14.0%12.2%3.8%15.5%3.8%

    Valuation

    VIPTLNCEGVSTNRGNEEMedian
    NameVulcan I.Talen En.Constell.Vistra NRG Ener.NextEra . 
    Mkt Cap-16.394.042.719.6183.142.7
    P/S-3.63.02.20.66.43.0
    P/Op Inc-23.721.011.59.421.921.0
    P/EBIT-46.915.911.39.518.315.9
    P/E--64.127.119.323.115.719.3
    P/CFO-21.122.38.312.612.412.6
    Total Yield--1.6%4.5%6.0%6.9%9.2%6.0%
    Dividend Yield-0.0%0.6%0.7%2.4%2.8%0.7%
    FCF Yield 3Y Avg---3.9%4.7%5.2%2.6%3.6%
    D/E-0.60.30.51.20.60.6
    Net D/E-0.60.30.51.20.60.6

    Returns

    VIPTLNCEGVSTNRGNEEMedian
    NameVulcan I.Talen En.Constell.Vistra NRG Ener.NextEra . 
    1M Rtn-31.6%-9.8%-12.4%-21.5%-13.4%13.3%-12.9%
    3M Rtn-53.0%-1.8%-3.1%-9.6%-20.9%4.3%-6.4%
    6M Rtn-60.7%-11.6%-13.8%-13.9%-32.1%-4.5%-13.8%
    12M Rtn-60.7%-11.6%-26.8%-33.2%-45.3%7.4%-30.0%
    3Y Rtn-60.7%535.3%120.6%276.5%117.2%75.1%118.9%
    1M Excs Rtn-25.2%0.1%-3.2%-13.7%-6.8%18.3%-5.0%
    3M Excs Rtn-36.7%4.4%1.7%-6.1%-16.3%9.2%-2.2%
    6M Excs Rtn-60.4%-11.3%-13.5%-13.6%-31.8%-4.2%-13.5%
    12M Excs Rtn-69.2%-24.0%-36.7%-41.3%-54.5%1.2%-39.0%
    3Y Excs Rtn-134.7%471.6%54.3%208.2%45.2%-10.7%49.7%

    Comparison Analyses

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    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/14/20265/15/20263/31/202611/13/20258/13/20255/15/20253/31/202511/7/20248/14/20245/15/20244/10/202411/14/2023
    Key Financials Quarterly            
    Total Revenue32111151319151213192021
    Net Income-10-5312-4-6-4-6-6-43-14
    EPS-0.58-0.290.200.76-0.27-0.40-0.30-0.60-0.56-0.420.69-1.96
    Key Financials TTM            
    Total Revenue TTM516059625959606473757067
    Net Income TTM065-2-20-21-20-13-21-25-30-172
    Growth Rates Quarterly            
    Total Revenue Growth-73.7%8.3%-22.6%23.2%-1.5%-0.5%-24.7%-40.8%-11.2%27.6%22.7%-4.6%
    Net Income Growth-140.3%17.6%177.1%287.8%26.0%-41.1%-232.8%55.3%44.6%51.7%102.1%38.6%
    Margins Quarterly            
    Net Income Margin-292.4%-22.0%26.3%78.6%-32.0%-28.9%-26.4%-51.6%-42.6%-20.4%15.0%-68.2%
    Cash & Debt            
    Total Cash37208359810141311
    Total Debt394243466367687069696989
    Net Debt / (Cash)363524386062596259555579
    Cash Flows Quarterly            
    FCF from Operations-4-11-50-5-6-4-2-1-5-112
    Cash Flows TTM            
    FCF from Operations TTM-20-21-15-14-16-13-12-20-16-17-12-9
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC-10.4%-4.8%-7.5%-2.0%-5.3%-2.7%-3.3%-4.1%-3.9%-1.6%-2.8%-6.3%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM-6.1%-4.9%-4.6%-3.5%-3.8%-3.5%-3.2%-3.1%-3.6%-4.4%-6.1%-12.0%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Datacenter Operations596070  
    Cryptocurrency mining revenue   7488
    Datacenter hosting   0 
    Power and capacity   169
    Total5960709097


    Net Income by Segment
    $ Mil202520242023
    Datacenter Operations5-20-30
    Total5-20-30


    Assets by Segment
    $ Mil2021
    Cryptocurrency Datacenter and Power Generation228
    Cash and cash equivalents83
    Support Services30
    Short term investments0
    Total341


    Price Behavior

    Price Behavior
    Market Price$0.96 
    First Trading Date09/15/2021 
    Distance from 52W High-60.7% 
       50 Days200 Days
    DMA Price$1.53 
    DMA Trend  
    Distance from DMA-36.9% 
     3M1YR
    Volatility54.5%68.1%
    Downside Capture286.58 
    Upside Capture47.80 
    Correlation (S&P 500)39.4% 
    VIP Betas & Captures as of 10/31/2026

     1M2M3M6M1Y3Y
    Beta1.681.181.320.850.16-0.27
    Up Beta2.15-0.240.24-2.851.08-0.30
    Down Beta0.542.130.110.37-1.29-0.88
    Up Capture11%4%67%9%3%0%
    Bmk +ve Days12182862130427
    Stock +ve Days61525262626
    Down Capture327%217%301%167%97%57%
    Bmk -ve Days10253664121325
    Stock -ve Days142535393939

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with VIP
    VIP-60.8%68.1%-4.36-
    Sector ETF (XLF)10.0%15.3%0.416.2%
    Equity (SPY)9.5%13.6%0.4037.6%
    Gold (GLD)1.6%28.7%0.0511.7%
    Commodities (DBC)38.4%21.2%1.42-11.7%
    Real Estate (VNQ)11.3%14.2%0.5119.0%
    Bitcoin (BTCUSD)-27.2%43.6%-0.6130.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with VIP
    VIP-17.0%68.1%-4.36-
    Sector ETF (XLF)9.0%18.4%0.356.2%
    Equity (SPY)11.3%17.3%0.4837.6%
    Gold (GLD)17.5%19.1%0.7411.7%
    Commodities (DBC)8.1%19.6%0.30-11.7%
    Real Estate (VNQ)1.3%18.9%-0.0419.0%
    Bitcoin (BTCUSD)4.0%51.6%0.2630.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with VIP
    VIP-8.9%68.1%-4.36-
    Sector ETF (XLF)13.2%22.1%0.546.2%
    Equity (SPY)15.0%18.0%0.7037.6%
    Gold (GLD)11.9%16.5%0.5911.7%
    Commodities (DBC)7.5%18.1%0.33-11.7%
    Real Estate (VNQ)5.9%20.7%0.2419.0%
    Bitcoin (BTCUSD)60.0%66.3%1.0030.4%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date10152026
    Short Interest: Shares Quantity0.3 Mil
    Short Interest: % Change Since 9302026-4.0%
    Average Daily Volume0.1 Mil
    Days-to-Cover Short Interest2.6 days
    Basic Shares Quantity17.1 Mil
    Short % of Basic Shares1.5%

    Earnings Returns History

    Updated 11/5/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/5/2026-3.9%-8.6%-22.4%
    8/14/20262.7%-0.5%-2.2%
    SUMMARY STATS   
    # Positive100
    # Negative122
    Median Positive2.7%  
    Median Negative-3.9%-4.5%-12.3%
    Max Positive2.7%  
    Max Negative-3.9%-8.6%-22.4%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/5/2026-3.9%-8.6%-22.4%
    8/14/20262.7%-0.5%-2.2%
    SUMMARY STATS   
    # Positive100
    # Negative122
    Median Positive2.7%  
    Median Negative-3.9%-4.5%-12.3%
    Max Positive2.7%  
    Max Negative-3.9%-8.6%-22.4%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/14/202610-Q
    03/31/202605/15/202610-Q
    12/31/202503/31/202610-K
    09/30/202511/13/202510-Q
    06/30/202508/13/202510-Q
    03/31/202505/15/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/14/202410-Q
    03/31/202405/15/202410-Q
    12/31/202304/10/202410-K
    09/30/202311/14/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/15/202310-Q
    12/31/202203/31/202310-K
    09/30/202211/14/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/14/202610-Q
    03/31/202605/15/202610-Q
    12/31/202503/31/202610-K
    09/30/202511/13/202510-Q
    06/30/202508/13/202510-Q
    03/31/202505/15/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/07/202410-Q
    06/30/202408/14/202410-Q
    03/31/202405/15/202410-Q
    12/31/202304/10/202410-K
    09/30/202311/14/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/15/202310-Q
    12/31/202203/31/202310-K
    09/30/202211/14/202210-Q
    06/30/202208/15/202210-Q
    03/31/202205/16/202210-Q
    12/31/202103/31/202210-K
    09/30/202111/15/202110-Q
    06/30/202109/23/202110-Q
    12/31/202009/16/2021424B3

    Recent Forward Guidance

    Updated 11/2/2026

    Latest: Q3 2026 Earnings Reported 10/5/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q4 2026 Cash and Digital Assets (Post-Redemption)Reported 16.90 Mil    
    Q4 2026 Senior Notes Redemption PaymentReported 30.90 Mil    


    Prior: Q2 2026 Earnings Reported 8/14/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Redemption of Senior NotesReported 33.10 Mil    
    2026 MIG Convertible Note IssuanceReported 10.00 Mil    
    2026 MIG Convertible Note Interest RateReported 0.1    

    Q4 2025 Earnings Reported 3/5/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q1 2027 Power CapacityReported 40.00 Mil 0 AffirmedGuidance: 40.00 Mil for 2027

    Q3 2025 Earnings Reported 11/13/2025

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2027 Electrical CapacityReported 40.00 Mil    

    Insider Activity

    Updated 10/9/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Kovler, JordanChief Executive OfficerDirectBuy91420261.7158,47999,999656,443Form
    2Mulvihill, ChristianChief Financial OfficerDirectBuy91420261.7158,47999,999400,952Form
    3Irwin, DalePresidentDirectBuy91420261.7158,47999,999446,233Form
    4Rogers, George Ted Iii DirectBuy91120261.712,923,9764,999,9995,197,489Form
    5Irwin, DalePresidentDirectSell72420262.4521,15451,827496,066Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Kovler, JordanChief Executive OfficerDirectBuy91420261.7158,47999,999656,443Form
    2Mulvihill, ChristianChief Financial OfficerDirectBuy91420261.7158,47999,999400,952Form
    3Irwin, DalePresidentDirectBuy91420261.7158,47999,999446,233Form
    4Rogers, George Ted Iii DirectBuy91120261.712,923,9764,999,9995,197,489Form
    5Irwin, DalePresidentDirectSell72420262.4521,15451,827496,066Form
    6Kovler, JordanChief Executive OfficerDirectSell72420262.4535,72187,516797,245Form
    7Mulvihill, ChristianChief Financial OfficerDirectSell72420262.4514,73836,108431,190Form
    8Mulvihill, ChristianChief Financial OfficerDirectSell20420261.281,9582,506122,170Form
    9Irwin, DalePresidentDirectSell20420261.281,9852,541132,199Form
    10Mulvihill, ChristianChief Financial OfficerDirectSell101520252.076091,261201,637Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 11/8/2026