vivo short bi catalyst datacenter ai leasing

$VIVO - 143% short, binary catalyst June 30th, 2.4 mil float
$VIVO is a big squeeze play right now. This is similar to $APLD (from $4 to $47) or $KEEL (from under $1 to $6). But $VIVO has 2.4 mil shares available, 3.6 mil shares short, and a binary catalyst by June 30th. 143% of the free float is short!
They recently bought a fully running 41.5MW datacenter in Norway (Apr 21) at about 4x EBITDA. 100% hydro power at under $0.035/kWh, making it one of the cheapest on earth. They made the company profitable right away (~$31M revenue / $10M EBITDA). Can expand to 80MW+ with approval.
AI tenants are in the mix, aiming for a 10+ year lease by June 30. They turned down several premium offers for the datacenter, seeing more value in the $APLD/CoreWeave-style powered shell leases. At $APLD's ~$1.8M/MW/year, revenue could hit ~$75M (or double at 80MW).
In April, they added a 23-year Microsoft + ex-G42 (Abu Dhabi sovereign AI) exec to their advisory council. Coincidentally, a UAE family office recently bought 6.5 mil shares (23.6% of the company). Likely tenant could be HUMAIN or another Saudi sovereign AI company.
They got rid of their ATM and $180M shelf, funding the datacenter without raising equity. Recent PIPE was at $6.80 with a 6-month lock-up ending in August. Minimal dilution risk.
CEO recently converted 2.96 mil shares from Class A to Class B, removing them from the float. Board bought an extra 2.65 mil shares in Feb. Free float now at about 2.4 mil. Shorts have no shares to cover.
Bear case - the company has shifted several times, from solar to EV to crypto to AI. But I think this explains the high SI. The AI/datacenter sector is booming, the asset is already funded and running. A LOI by June 30th is very likely.
Long 6k shares and a lot of calls. My personal target is $25+. NFA, I'm highly regarded
VIVA LA VIVO!!!