Some quick $iren AI revenue calculations for the quarter ending:
Prince George
(550+132)/2/4=85.25
Midpoint ARR of a fully installed 24k GPUs by 5/15
Horizon 1
1900/4/3/90*10=17.593
Estimate of revenue from Horizon 1 if building 1 of 3 is delivered by 6/20
If @danroberts0101 and team deliver $100m + rev this quarter than I believe the scaling narrative will change
Anything less than 80-90m this quarter suggests more problems plugging in
Just in:
My channel checks confirm that $IREN will bring building 1 of Horizon 1 online this week.
Final wiring of UPS buildings is expected to be completed by Thursday.
Will the company inform the market with a photo op?
Personal estimates for Horizon 1 delivery:
- Building 2 by mid July
- Building 3 by the end of July
- Horizon 1 as 50MW cluster including network core operational: At or before earnings in first half of August.
Not financial advice.
If you're willing to hold $ASST till the end of 2027, I think you'll be handsomely rewarded. Remember, they grew their #Bitcoin stack by almost 40% over 1.5 months. I think we'll see that accelerate soon.