salam alaikum everyone I hope you are doing well today is tuesday january seventh and the story of the markets today was the pullback induced by the rise in ten-year treasury yields which was induced by hotter than expected economic reports which suggests that maybe inflation isn't as under control as previous previously thought and therefore maybe there's even more time before the next rate cut all this being said I think the market right now is a perfect trader's market because there's a lot of volatility uh we're not really going a ton in either direction up or down at least since um you know this volatility started since last time uh jerome powell spoke and this means that there's really great buying opportunities there's also really great selling opportunities and you can make some money doing that which makes the market fun I would say just don't go overboard when you're taking profits don't go overboard when you're buying dips unless of course you're in a back the truck up scenario wherein you had your eye on a certain asset that gets in no brainer territory in price. All this to say, there are a lot of opportunities in a market like this, a volatile market like this. We will be taking advantage, inshallah. Hey, Rashad, nice to see you. It's been a while. I was actually thinking about you earlier today. I was like, hey, I haven't seen Rashad in the comments for a while. Nice to see you. Tesla was down four percent today. Still up compared to the low point it got to last week, which was around three seventy five percent. Bit dear, I mentioned yesterday I was hoping for another dip, and we got that dip today. Alhamdulillah, I took advantage. Iris Energy down three percent. We got an update from Iris Energy. I'll go over that today, inshallah. And looking at gold, pretty steady at twenty six hundred bitcoins at ninety seven thousand. Not bad. I mean, people are acting like the sky is falling in the Bitcoin world, but I assure you the sky is not falling. In fact, you know, ninety seven thousand historically is quite a good number to be at very close to one hundred thousand, very close to six digit price on Bitcoin. That's not nothing to scoff at. Same with Dogecoin. Thirty five cents. That's pretty good. Solana at two or three took the taking the the price basically was flirting with the or one handle, I should say, but we managed to stay above two hundred. All right, so what are the reports that I'm referencing? Well, the ISM services PMI, beat expectations. This was one of the reasons why yields went higher. U.S. services sector grew at a faster than expected pace in December, raising concern among investors about whether the Fed will be able to cut rates as much as Wall Street hopes. Now, I mentioned before on this channel that January is kind of wonky in terms of the economic data that comes out. Oftentimes, inflation comes out hotter than expected. We'll get the CPI next week. I wouldn't be surprised if maybe it gets some investors nervous, but it's typically, you know, there are seasonal factors that affects January's number. So I wouldn't get too hung up on it. The other The other matter was the jolts data, the job openings data. We got good news, which the market considered bad news. The good news was that the data showed eight point one million job openings in November, higher than the seven point seven million that was forecasted. The data also showed that the number of quits decreased. And layoff and discharge stayed about the same. So. The economy is doing well. People are more employed than we expected them to be. There are more opportunities for employment than we expected. The market reacted negatively to that because of this chart right here, which tracks the probabilities priced into the market for a rate cut. And we went from an eight point six percent probability for a rate cut in January yesterday to a four point eight percent probability for a rate cut and basically a ninety five percent probability that the rates will stay the same. Big whoop. I mean, I'm not I'm not too impressed by this change in probabilities. If we look at the. stocks and basically heat map since this is year-to-date so it's not just today we can see that there's not much that is you know bright green or bright red I mean it's like I said I think this is the perfect market where we're going up a little we're going down a little up a couple days down one day this gives us opportunities to to make some money trading I think the uh the best investors are the one or the best traders are the ones that are able to understand what is the regime of the market that we're in is it one where it's best to sort of buy and hold or is it one to kind of be a trader around positions this seems like a market where you know trading around positions makes sense now we're going to have a very volatile environment. That's what I can almost guarantee now that the Trump administration is very close to assuming the reins of power. Exhibit A would be Trump's wacky comments today about He can't assure the world he won't use military force to take over Greenland and the Panama Canal. And who knows, maybe Canada too. And Greenland is a territory owned by Denmark. And Donald Trump was basically saying, if Denmark doesn't basically relinquish power, its ownership of Greenland and allow them to vote on whether they want to become an American state or not, he may impose massive tariffs on Denmark. It seems like we're getting to the end, folks. We're fast approaching end times here. Nothing makes sense anymore. Things are as wacky as can be. But for the markets, this means there is a lot of volatility and opportunities to make money, as I've said. So going to IOS Energy, year-to-date, this is a company that, or a stock that's up ten percent just year-to-date. So on the first, so, you know, we're on January seventh. So that's not too shabby. It did have a pullback, obviously. We're nowhere near their all-time highs. So all-time high, really only a month ago, was close to fifteen. Yeah, so, let's say, for the high for this stock, which was, again, only a month ago, update their december monthly update had all the right things in it so some key things that stood out to me obviously they've reached their target of x a hash which they mentioned they would get to by the end of the year so that's great they're expecting to reach x a hash Adding the efficiency of fifteen joules per terahash, by the way, which is which is great. That's basically the best right now. Although if you look at Bitdeer, they're working on ten joules per terahash, five joules per terahash, and they should all come out in twenty twenty five. I'm talking about their mining rigs, but that's for a different that's for a different day. Now, their data centers, they have five hundred and ten megawatts operating at month end, and they have basically a plan to increase that by close to sixty percent to eight hundred and ten megawatts in the first half of twenty twenty five, which is great. Data centers are extremely profitable. uh they mined close to four thousand bitcoin in twenty twenty four five hundred and twenty nine of that bitcoin was mined in december which is extremely impressive we'll look at the numbers here in a second forty million hardware profit in december um fifty x a hash like I said for first half of twenty twenty five so looking at the bitcoin mining uh numbers key metrics for ios The average operating hash rate was twenty eight point one. Again, they reached thirty one at the end, but their average during the months was twenty eight point one. Bitcoin mined five twenty nine Bitcoin compared to November three seventy nine. And October, four thirty nine. So they basically had an all time high in terms of Bitcoin mind post having revenue per Bitcoin. That's at a high. So close to one hundred thousand per Bitcoin. What's really great, what's really encouraging is that they had a. you know, increase in revenue of close to twelve thousand per Bitcoin between November and December. But the increase in electricity cost per Bitcoin was only around two hundred bucks. So they went from twenty two thousand five hundred seventy five to twenty two thousand seven hundred and ninety nine. So the rest is just basically margin that they were able to capture. uh their mining revenue was fifty two point one million in december electricity cost was twelve point one million so their hardware profit was forty point one million so keep in mind here caveat when you're looking at this number is that and the hardware profit margin is seventy seven percent better than the profit margin in november better than the profit margin in october which is what I wanna see. I really like to focus on profitability. Again, I like to be in businesses that are easy to make money, not businesses that are hard to make money. And, seventy-seven percent as a hardware profit margin is good. You can consider this sort of like a gross margin. It's definitely not the net margin. It's a gross margin. This only takes into consideration the electricity costs associated with mining. Now, you also have depreciation of the machines that you're using. You have other administrative costs. That's not taken into account when you're looking at the hardware profit margin, so keep that in mind. Now, what's even better in terms of margin is the AI cloud services. They have a hardware profit margin of ninety eight percent, but they're only a very small fraction of the company's overall revenue. Actually, it was less than one million in December. I'm hoping that this line of business gets going. They had a lot of really substantial achievements in twenty twenty four. So four hundred fifty percent increase in mining capacity. That's nothing to scoff at. Best in class efficiency. Fifteen joules per terahash data center expansion. They went from twenty megawatts to three hundred and fifty megawatts. accelerated one point four gigawatt Sweetwater site. So and their deadline was brought forward from October twenty twenty six to April twenty twenty six. Always good when companies not only meeting deadlines, but actually exceeding them. Establish AI cloud services business. convertible notes issued transitioned to spot pricing, which got it better electricity prices, which helped its margins out. So, fifty X a hash for first half of twenty twenty five. Massive increase. Sixty percent increase in power capacity expected as well. Revenue increase. So Record revenue and hardware profit. Operating cash rate averaged. We went over that. Revenue increased sixty percent to fifty two point one million. Seventy seven percent hardware profit margin. Spot pricing. All this we know. and looking at their data center capacity and their build out so they currently have five hundred and ten megawatts operating up and you know with what it has under construction has nine hundred and ten and then with what it has basically planned out more than three thousand megawatts uh capacity so really a lot of growth less left for this company and yeah so the company is hitting on all cylinders and what I they also mentioned here in their report let's see if I can find it um that basically they were negotiating with parties on additional AI monetization opportunities. Now, this is just a bullet that I mentioned in passing, but this could be a major catalyst if something, if a really juicy deal is struck with this company. You could see a billion or two added to its market cap. Right now, the market cap for this company is two point four three billion. I wouldn't be surprised, to be honest, you know with at least a fifty percent uh gain now before this bitcoin bull cycle is over uh maybe even more than that so we'll uh be watching this stock very closely not financial advice as is everything I say not financial advice just sharing my thoughts Rashad, inshallah, working on them. We did have some pretty good picks, at least two picks in the last month, and pretty high quality, so hope you enjoyed those. Qadir says, salam alaikum, wa alaikum salam. Oleg says, salam alaikum, are we waiting for All right. Ignore you. Assalamu alaikum. Why is BTC down over twenty percent over two days compared to Bitcoin? Well, doctor, if you're aren't you a PIF member? So you should know what we did. So what is a good price to start accumulating more BTC? Look at our watch list. Guys, if you're not PIF members, make sure you become PIF members. Link to do so is in the description. We have buy below, sell above prices. uh who knows I like to buy on the way down sell on the way up I don't like to try and nail exactly you know the bottom or nail exactly the top I I don't think that that's even possible Yeah, markets reacting red on good numbers. Go figure. I mean, something to keep in mind here is that if the economy is doing well, that's good for corporate earnings. If employment is good, that's good for corporate earnings. So yeah, okay, maybe inflation is more of a concern. But also, I mean, there's a flip side to that, which is that earnings should be healthy. So The market seems to be fixated on just the inflation issue, but I think there's more to it than just that. Haven't looked at Brazilian stocks, Musafir. We talk about it all the time, Talal. Any associations with apartheid states are taken into consideration in our Sharia compliance report. Yeah, maybe, but deer keeps dipping, inshallah. And if it does, my conviction with this company has only increased with time. Like I said, they're on the bleeding edge of ASICs. They have their own chip. They're the only vertically integrated Bitcoin miner, publicly traded Bitcoin miner out there. I think that gives it a lot of opportunity for growth. I have to say even more than most other Bitcoin miners sell. Yeah, we're happy either way. That's the beauty of our style and investing is that we're happy either way. We take profits on run-ups. If it still goes up, we still have a substantial position. We take advantage of pullbacks. If it still falls even more, we take even more advantage. So That's how we take the stress out of investing and inshallah stay winning. As I mentioned, if you'd like to follow our trades, like to follow our portfolios, become a PIF member, link to do so is in the description. I think it's going to pay off for itself many, many times more than the subscription itself. Like this live, even if you're not a PIF member. If you see them as beneficial, do leave a like. And until next time, make sure to take care of yourself. As-salamu alaykum and peace be upon you all.