### @SNDK — Confirmed — from the earnings release and quarterly filing
Look, the bet on being less cyclical — we call them New Business Models — five multi-year deals signed, three last quarter, two since. Quite frankly, backed by firm financial commitments, $511 million in customer advances as contract liabilities. I mean, no counterparty named in any filing. The hyperscale guess is obvious given data center growth, but that's inference, not fact. The idea: trade quarter-by-quarter price talks for committed volume over years. We'll see if durability holds through the next cycle.
- tier: Confirmed (✓)
- source: SNDK / Multi-year supply deals, counterparties unnamed
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-sndk-src-sndk-new-business-models-ingest
- posted: 2026-07-14T00:33:23.014Z