Blockspace: Anthropic's IPO, IREN’s $3.65B GPU Financing, Strategy Sells BTC, DMG’s 50 MW AI Data Center

Anthropic's confidential IPO filing has ignited a high-stakes race with OpenAI and SpaceX to dominate the public markets, with Anthropic already surpassing OpenAI in valuation at $965 billion—driven by a staggering 47 billion in annual recurring revenue. This explosive growth challenges the long-held belief that AI models can't generate sustainable profits, signaling a potential inflection point for the entire industry. Meanwhile, MicroStrategy's tiny Bitcoin sale of 32 coins—just $2.5 million—has become a viral signal event, not for market impact but for its psychological weight: Michael Saylor is proving he can sell Bitcoin without capitulating, undermining his own 'never sell' mantra and exposing the fragility of his cult-like persona. The episode also reveals a quiet revolution in infrastructure: Canadian miner DMG is converting a Bitcoin site into a 50MW AI data center with remarkable speed, while Iron secures a $3.65 billion GPU financing deal with Microsoft as a de facto guarantor—proof that Bitcoin miners are now operating at Wall Street scale. Yet, this boom is triggering backlash, as Utah’s governor issues a vague executive order to 'protect' the Great Salt Lake, revealing a deeper tension between economic opportunity and environmental stewardship. The episode ends with a provocative proposal: Bernie Sanders’ plan to give the U.S.