$INV …. Solid take.
The bull thesis for Accelsius has never been about DarkNX.
It’s about:
An industry that is moving to two phase cooling. It isn’t even a debate.
A massive $35B TAM for two phase cooling.
Industry leading technology.
Class world class team at Accelsius.
A best in class product, the IR 150, that supports up to 42 servers with integrated redundant two phase cooling that uses NO water and consumes 50% less energy than single phase water.
Coolit, a one phase cooling company that came off a $150m 2025 was purchased for $4.7B.
That’s my comp for accelsius. It equates to $20-$25 as share for INV.
The entire short report is irrelevant IMHO and was intended to scare investors that don’t know the story or undying thesis.
At no point do they raise a single issue that would undermine any aspect of the thesis.
They focus on a single customer that is a small startup and resumes from members of Innventure while failing to mention that they most recently returned 22x to investors with the success of PureCycle $PCT.