After the Divorce, I Found a Thousand Bitcoins - Chapter 72

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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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I Got Divorced and Found a Thousand Bitcoins Episode 072

 

JP Morgan released a report.

 

[Is Another Innovation Being Born in Data Centers?]

 

A report with a provocative title.

 

Once the report was published, numerous related departments began citing the report.

 

[JP Morgan Global uses the term “data center innovation” while focusing on Nereid’s immersion cooling technology!]

 

[Nereid’s immersion cooling technology receives UL safety certification!]

 

[Genius Nathan finally stretches his wings!]

 

[Immersion cooling technology receives safety certification – will it go straight to commercialization?]

 

Countless articles poured out.

 

Everyone focused on the immersion cooling technology.

 

Immersion cooling – a technology that could dramatically reduce maintenance costs, which had been a chronic problem for data centers.

 

At the news that it could be commercialized, the related industry immediately offered all kinds of opinions.

 

[An Nvidia official stated, “If the safety of this immersion cooling technology is proven, it has a high possibility of becoming a turning point for data centers.”]

 

[Meta CEO Mark Zuckerberg showed great interest in an interview with this publication, saying “I want to be the first to check out Nereid’s technology.”]

 

[Microsoft, Google, AMD, and others. Companies operating AI data centers conveyed their position that they would quickly verify this technology safety certification.]

 

The AI industry literally began paying attention to Nereid.

 

This interest immediately appeared in Nereid’s stock price.

 

-Nereid skyrocketing!!

 

-Damn, 55 percent surge overnight, is this for real?

 

-Holy shit… is the Nereid rescue team coming?!

 

What floor is it?

 

I’m on the 101st floor right now ㅠㅠ

 

No, looks like I’ll be going soon.

 

-Guys! The rescue team has departed!! Just wait a little longer!

 

-Let’s gooooooo!!

 

On Reddit, America’s representative community site, the Nereid board rose to the number 1 hottest board.

 

And this news was quickly delivered to South Korea as well.

 

-Nereid’s new technology receives safety certification.

 

What new technology?

 

I heard it’s immersion cooling technology?

 

What’s that?

 

I don’t know. But the price is going up?

 

Noooooooo!!

 

ㄴYou haven’t bought in yet? I’m already on board. Making a sweet 10% profit~

 

-You shouldn’t carelessly jump on surging stocks.

 

Agreed. You should get on board only after proper verification and when it’s stable.

 

With ants like these around, pump and dump schemes never end.

 

Yeah. Already 15 percent profit. Sweet~

 

Nereid became the hot topic stock on various communities.

 

Of course, opinions were split fifty-fifty.

 

From those saying the rise was just beginning to safety advocates saying you shouldn’t carelessly ride surging stocks.

 

While various opinions were exchanged, Kang Hyeon was checking the stock price changes in real time from the United States.

 

‘Money is being copied.’

 

Nereid’s current stock price was $66.

 

This was also a recovered stock price after rising 55 percent today.

 

Meanwhile, the average stock price of the shares Kang Hyeon secured was $11.

 

In other words, he was recording a 6x return rate.

 

‘The profit I’ll gain from this is unimaginable.’

 

The amount spent to secure the bonds was $150 million.

 

But with Nereid’s current stock price rising, the value of his 40 percent stake had become a whopping 600 percent.

 

‘6x return in just over half a year since securing Nereid’s bonds. Whiterock would be sick to their stomach if they knew this.’

 

Whiterock was certainly a great company.

 

They were the world’s best fund management and the company with the most money.

 

They looked at Nereid’s surface and judged the company would fail.

 

That judgment was accurate.

 

It’s just that with Kang Hyeon’s ability to find problems intervening, only the stagnant parts were cut out and the company came back to life.

 

‘Nereid’s potential is still ahead. The moment this technology is fully commercialized and mega corporations adopt the technology, the value will definitely rise more than now.’

 

Game changer.

 

He had no intention of selling the stock until it rose to a price worthy of that term.

 

* * *

 

CEO Lee Tae-sik couldn’t help but be shocked after checking Nereid’s stock price.

 

“Does this make sense?”

 

It had only been a few days since he last checked Nereid’s stock price.

 

Even then, the stock price that had been moving sideways skyrocketed like crazy along with the immersion cooling technology announcement.

 

As a result, it had risen twice as much as when he first checked, currently recording $70.

 

‘CEO Choi Kang-hyeon’s stake was 40 percent.’

 

Companies listed on NASDAQ report their shareholding relationships to the SEC, and the SEC discloses this information.

 

Therefore, Lee Tae-sik checked Nereid’s shareholding relationships through the internet and knew the stake Kang Hyeon held.

 

‘Even with simple calculations… it’s over 1.3 trillion won.’

 

He didn’t know at what price it was purchased, but this alone showed what level Kang Hyeon’s financial power was at.

 

‘Moreover, if it becomes known that commercialization will be done through our side, the stock price will rise even more.’

 

Nereid’s stock price would definitely explode, and if so, Kang Hyeon’s wealth would increase exponentially.

 

‘What’s even better is that Nereid is an American company. Even holding shares in this company won’t classify it as a large corporation domestically.’

 

Being classified as a large corporation in South Korea creates various restrictions.

 

If Nereid had been a Korean company, the Fair Trade Commission would have immediately classified KH Capital as a large corporation.

 

Kang Hyeon’s current movements seemed to understand and move with all these aspects in mind.

 

‘The man named Choi Kang-hyeon… is moving with frightening precision.’

 

He felt fortunate that Kang Hyeon was an ally.

 

* * *

 

Nereid’s issue didn’t die down easily.

 

[Nereid’s stock price doubled after immersion cooling safety certification.]

 

[Nereid recovers to $80, will it surpass its previous all-time high?]

 

[Nereid, the world’s first to receive safety certification for immersion cooling technology – where will the first commercialization of this technology be?]

 

As the stock price continued to rise, the market now focused on Nereid’s next moves.

 

Once technology is certified as safe, it now needs to be used in practice.

 

The problem was that no American mega corporation had yet stepped forward to say they would deploy the technology in the field.

 

There was one reason for this.

 

-Immersion cooling technology will need time to be used in the field.

 

Why?

 

Immersion cooling is ultimately a cooling system. Currently, all data centers use air cooling systems, and these use products that have received NVIDIA certification. They’d have to replace all of this – but is that even possible?

 

Ugh… just hearing about it sounds exhausting.

 

So you’re saying it gets technical safety certification but can’t be used on-site?

 

Well, it’ll eventually pass, but it’s going to take quite a while.

 

Various people existed on internet communities.

 

Among them were engineering students and those active in AI-related businesses, so public opinion began emerging that Nereid’s immersion cooling technology would be difficult to use immediately in the field.

 

And this public opinion made the stock price that had exceeded $80 flow sideways.

 

-Nereid has peaked.

 

-All troops retreat!!

 

-Isn’t this the pattern where it flows and eventually crashes?

 

-Ki-young’s head appears!

 

-I did a technical analysis, and this is a pattern where it can’t break through the existing high and goes to hell.

 

-Draw the angle. This is 100% going to fall.

 

-The era of shorts that will shatter the hopes of long stones has come.

 

-Short bugs, charge!!

 

The community’s reaction flipped in an instant.

 

That’s how communities originally were.

 

Even posts uploaded just 1 minute apart could have completely opposite reactions.

 

Because of this, it didn’t have much influence, but such concerns were definitely not just an internet problem.

 

Traders conducting long-term investments were also gauging when Nereid’s immersion cooling would be applied to the market.

 

Among them was Cleverus Credit, which had entered Korea.

 

The prop trader team of Cleverus, a foreign investment company, brought up an agenda related to Nereid at Monday morning’s meeting.

 

“As you all know, the hottest issue in the current market is Nereid’s immersion cooling.”

 

The meeting began with the team manager’s words.

 

“Right after this immersion cooling technology received safety certification, our team invested 30 percent of our managed funds in Nereid. Thanks to that, we’re seeing big gains. The question is whether to sell or hold.”

 

Cleverus had secured a position in Nereid early on.

 

In fact, it wasn’t just Cleverus – most institutions had quickly entered Nereid and were seeing profits.

 

That’s how much attention the immersion cooling technology announced by Nereid was receiving in the market.

 

The problem was whether to view this as a short-term rise or maintain a long-term position.

 

The traders quickly began voicing their opinions.

 

“If UL has certified it, the immersion cooling technology should be viewed as essentially completed technology. I think we should hold it as a long-term position.”

 

“We moved quickly and completed average purchases around $45. We should definitely hold.”

 

“This technology will change the market paradigm going forward. Let’s hold and keep it.”

 

Those in favor of holding poured out stories about the technology’s completeness.

 

But there wasn’t just one opinion.

 

“The problem is that if this technology isn’t used in the field, it won’t make money right away.”

 

“That’s right. All the cooling systems in current data centers would need to be removed and reinstalled. This period would be considerable. Plus there’s the cost issue. It won’t be easily replaced.”

 

“Above all, commissions with companies providing existing air cooling systems will also be an obstacle. Existing data center companies won’t easily switch due to their dealings with these companies.”

 

The opposing opinion was just as strong.

 

Even amid the active exchange of opinions, there was someone maintaining silence.

 

It was David Choi, Choi Chang-wook.

 

‘Fuck…’

 

His position within the team had greatly diminished.

 

This was due to external woman problems as well as failing to produce proper results in internal trading.

 

No matter how brilliant a trader’s past might be, without current performance, they were bound to fall.

 

As if proving the saying that falling angels have no wings, his position had become worse than a new employee’s.

 

‘This company called Nereid was also a company where that bastard Choi Kang-hyeon is a major shareholder.’

 

Unlike himself, who was becoming increasingly miserable, Choi Kang-hyeon had risen to an unbelievable position.

 

His name was even listed as a major shareholder of a NASDAQ-listed company.

 

‘Does this make sense? No, isn’t the whole world deceiving me right now?’

 

He couldn’t easily believe this situation.

 

Could a guy who was the lowest-ranking among traders just a year ago suddenly become a major shareholder of a company worth trillions?

 

Was money that easy to make?

 

It was an unbelievable fact, but he had no choice but to accept it as reality.

 

That’s when it happened.

 

“Manager Choi, don’t just stay quiet – give us your opinion.”

 

Everyone’s attention focused on Choi Chang-wook.

 

He couldn’t sense any expectation in their eyes.

 

Choi Chang-wook felt humiliated but bit his lips tightly.

 

‘I have to somehow interfere with that bastard.’

 

Hoping his decision would become a butterfly effect and deal a blow to that company in America, he spoke.

 

“Nereid’s stock price has risen too rapidly. A technology that hasn’t even been commercialized yet has risen this much on expectation alone, so there will definitely be a correction.”

 

A textbook answer.

 

But the team manager who heard his answer immediately gave the opposite opinion.

 

“Good. Then let’s go with holding.”

 

This was clearly using him as a human indicator.

 

Just as Choi Chang-wook was about to get angry and storm out of his seat.

 

Buzz!

 

Buzz!

 

The smartphones of all employees in the meeting room rang simultaneously.

 

The same was true for Choi Chang-wook.

 

Just as he was about to take out his smartphone to check the content, the junior employee who checked first shouted.

 

“Breaking news! Nereid has joined hands with SS Battery!”

 

“They’re introducing the immersion cooling system to the data center being built in India!”

 

“The stock price has surged 10 percent on news of the first commercialization!!”

 

Choi Chang-wook’s face hardened at the news of commercialization.

 

In the team manager’s eyes glancing at him, he read the emotion of disdain.

 

But he soon turned his head and shouted to the team members.

 

“Good. Our strategy is to hold!”

 

“Yes!!”

 

“Understood!”

 

“Today’s meeting is over!”

 

As the meeting ended, team members got up and left the meeting room.

 

Then the voices of a few talking reached Choi Chang-wook’s ears.

 

“Idiot.”

 

“Profit realization my ass.”

 

“Hey, he might hear.”

 

“So what if he hears?”

 

Clear disregard and mockery followed, but Choi Chang-wook couldn’t say anything.

 

‘I’m… finished…’

 

It was the moment when his career that began on Wall Street came to an end with one wrong choice.

 

* * *

 

Kang Hyeon smiled while watching Nereid’s rising price.

 

‘The price that had stopped is starting to surge again. At this rate, it might even exceed $100.’

 

The stock price that began surging with news of collaboration with SS Battery wouldn’t stop.

 

‘Once the collaboration with SS Battery is successfully completed and actual operation begins, other companies will definitely request collaboration too.’

 

When that time came, Nereid would definitely become the standard for data center cooling systems.

 

Becoming the industry standard meant this rise was just beginning.

 

Then Kang Hyeon’s phone rang.

 

Buzz-!!

 

A call from an unknown number.

 

Kang Hyeon hesitated for a moment then answered the phone.

 

“Hello.”

 

-Is this CEO Choi Kang-hyeon of KH Capital?

 

“Yes, that’s correct. Who is this?”

 

-I’m Director Jung Tae-gon, Chief Secretary of Saseng Group.

 

Saseng Group.

 

The number one conglomerate in the business world and the corporate group that truly symbolized South Korea.

 

Being the chief secretary there meant he was someone who assisted Chairman Lee Jae-seong.

 

-Chairman Lee Jae-seong has requested a meeting.

 

A meeting request came in from South Korea’s top chaebol.

—————
This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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