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Analyst
Kevin Dede
Period: Reporting periods mapped to calendar 2024 Q3 – 2025 Q4 (6 quarters; questions recorded in 2).
- Questions
- 4on tracked calls
- Challenge rate
- 0%none of 4 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 4 of 4 questions from 2 companies
APLDApplied Digital Corp.2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q3
For Cloud Services, can you discuss what you're seeing with customer turnover? And how has pricing changed with demand?
Show response
Partial (asked by Michael Davin on Dede's behalf): GPU pricing largely flat for nearly a year; largest customer keeps expanding, but one customer carries a question mark that could trigger a swap, with demand to backfill.
Are you guys trying to engineer any solutions for heat recirculation.
Show response
Direct: liquid cooling at Ellendale 2 makes waste-heat capture feasible; management is exploring agricultural offtake (greenhouses, aquafarming) and targets deploying some in calendar 2025.
MARAMarathon Digital Holdings, Inc.2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q4
could you offer a little color or deeper color maybe on time lines on these project enhancements with Starwood?
Show response
Fred said construction starts only once a tenant lease is signed; permits are already applied for at some sites and he expects accelerated lease updates, but gave no specific dates.
Would you mind taking a minute or 2 to sort through Exaion? It's not absolutely clear exactly how MARA
Show response
Fred detailed Exaion (64% stake, EDF-origin, ~90 engineers) as an Infrastructure-as-a-Service platform for private and sovereign-cloud AI, deployable in data centers globally.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| APLD Applied Digital Corp. | 2 | —Rate withheld: fewer than 3 questions |
| MARA Marathon Digital Holdings, Inc. | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q3 | 2 | 0%none of 2 questions | 1 |
| 2024 Q4 | No questions recorded | — | — |
| 2025 Q1 | No questions recorded | — | — |
| 2025 Q2 | No questions recorded | — | — |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
- 2024 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2024 Q4No questions recorded
- 2025 Q1No questions recorded
- 2025 Q2No questions recorded
- 2025 Q3No questions recorded
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Cloud & AI2
- Capex Investment1
- M&A1
- Pricing1
- Demand1
- Innovation & R&D1
- Cost Pressure1