Freelancers using S&P Capital IQFreelancers using S&P Capital IQIndependent thematic investment analysis of the digital infrastructure value chain and the physical constraints shaping AI-driven demand. I evaluated how power availability, grid interconnection, water and thermal requirements, and network density affect economics across data centers, utilities, cooling equipment, fiber/interconnection, and water infrastructure.
The analysis translates sector-level demand drivers into investable themes, underwriting variables, cash-flow characteristics, and key risks, with particular attention to power scarcity, permitting, capital intensity, contract duration, and technology-driven demand shifts. Independent financial modeling and valuation case study for Dutch Bros. I built an integrated operating model with historical financials and forward projections, linking revenue growth, store expansion, operating costs, margins, EBITDA, net income, and EPS.
The model includes detailed revenue and cost builds, quarterly and annual forecasts, scenario-driven assumptions, and valuation analysis, allowing key operating drivers to flow through to earnings and implied value. 
