Matthew Sigel

Yeah, this is one of the few stocks that has really been a contributor to performance this year.

So we're down about through March 26th, we were down about 5%.

Node was down about 5% year to date.

S&P is down 6%.

Bitcoin is down 19%.

A handful of stocks have contributed most of the performance this year, as is often the case.

And one of them is this fascinating Norwegian company called Aker.

It's run by one of Norway's handful of billionaires.

And they're an energy North Sea oil and gas company.

And five years ago, in 2020, the CEO wrote a shareholder letter about Bitcoin.

And they announced that they were going to start mining Bitcoin with some of their spare energy.

And he wrote very eloquently about how Bitcoin can act as this economic battery to capture stranded energy and then monetize it through Bitcoin.

They went quiet on that venture for many years.

I wrote to IR, asked them, you know, can we have a chat?

I want to learn about this.

Crickets, right?

In 2023, that expertise that they gained in mining Bitcoin led them to fund a company called Nscale.

Nscale is like Europe's Corweave, Europe's Nebius.

And

Ocker funded this company early.