中文翻译
公平地说，比特币矿工确实有很多炒作。我猜测所有的 Neocloud 都会一起上涨。 但最终能脱颖而出的是在 ER（执行率/执行能力）期间的表现。$NBIS 凭借利润率和高护城河最终位居榜首。 全栈+软件编排是一个被误解的护城河。连 $ORCL 都没能做好，他们在建设上损失了1亿美元。
· 个股论点
NBIS凭借利润率与全栈软件护城河，在Neocloud竞争中胜出。
英文原文
Fair, there's a lot of hype around Bitcoin miners. My guess is every Neocloud will go up together anyway. But what ends up on top is execution during ER. $NBIS ends up on top due to margins and defensibility. Full stack + software orchestration is a misunderstood moat. Even $ORCL couldn't get it right and they lost $100m on buildout.