Cheapest on revenue, dearest on live capacity

SHAZ trades at the lowest forward revenue multiple in the neocloud group and simultaneously at roughly $328m of enterprise value per LIVE megawatt against a peer band of $45-64m. Both are true because cash is 94.1% of the market capitalisation.
Chart: Shawarma CapitalSource: Shawarma Capital research; market data 15 Sep 2026Get the data Download image