Binance Research: NeoCloud Funding Recovery Accelerates

Binance Research states that #NeoCloud is recovering after the November 5 sell-off, a funding and permitting scare that sent CoreWeave, Nebius and IREN to lows in the same hour. Demand never left; the shift is in how buildouts are financed. $CRWV Q3 results showed customers prepaying about $9B over the next three months, with investment-grade contracts covering most related capex, allowing the stock to take out its November 4 close. $IREN, whose revenue slipped into 2027, has not recovered. $NBIS reports before the open on November 12 and will set the tone for the group.