Greythorn · Research-driven principal investmentGreythorn · 研究驱动的自有资本投资

Driven by research. Convinced by technology.研究驱动,笃信科技。

We invest with a long horizon and publish independent, bilingual research on technology and US equities.我们以长期视角投资,并以中英双语发布科技与美股的独立研究。

We start from primary sources, write our work down, and commit capital only once the research is done.我们从一手资料出发,把研究写成文字,只在研究完成之后才投入资本。

How we work我们的方法 →
I

Research first研究先行

Capital follows research, not the other way round. Views are built from primary sources and written down so they can be checked.先有研究,后有资本。观点建立在一手资料之上,并以文字记录,便于检验。

II

Long horizon长期视角

Decisions are made on a multi-year horizon. We are not in a hurry, and we are comfortable being early, or alone.以多年为尺度做决策。我们不急于一时,也不介意早一步,或与众不同。

III

Independent独立

Our views are our own. We have no products to sell, so our research can follow the evidence wherever it leads.观点独立。我们没有任何产品要推销,研究因此可以只跟随证据。

Focus areas关注领域

From silicon, to power, to the capital that pays for it.从芯片,到电力,再到为之买单的资本。

  • AI & semiconductorsAI 与半导体
  • Hyperscaler capex超大规模云厂商资本开支
  • Data centers & power数据中心与电力
  • Robotics机器人
  • Software软件
  • Institutional RWA & private credit机构级 RWA 与私募信贷
Our focus areas了解关注领域 →
Coming soon即将发布

Forthcoming report即将发布的研报

GPU-Backed Credit: How Compute Is Becoming a New RWA Asset ClassGPU 抵押信贷研报:算力如何成为新的 RWA 资产类别?

Our next report examines how data-center GPUs are being financed as collateral, from Wall Street structures to on-chain credit. In review; English and Chinese editions will be published together.下一篇研报探讨数据中心 GPU 如何作为抵押品获得融资——从华尔街的结构化方案到链上信贷。目前处于审阅阶段,中英文版本将同步发布。

Follow发布后将在 @0xGreythorn for publication.首发。