Belief revision theories standardly endorse a principle of intensionality to the effect that ideal doxastic agents do not discriminate between pieces of information that are equivalent within classical logic. I argue that this principle should be rejected. Its failure, on my view, does not require failures of logical omniscience on the part of the agent, but results from a view of the update as mighty: as encoding what the agent learns might be the case, as well as what must be. The view is motivated by consideration of a puzzle case, obtained by transposing into the context of belief revision a kind of scenario that Kit Fine has used to argue against intensionalism about counterfactuals. Employing the framework of truthmaker semantics, I go on to develop a novel account of belief revision, based on a conception of the update as mighty, which validates natural hyperintensional counterparts of the usual AGM postulates.