Derry Sanchez

Productor Musical | Mixing | ALL IN $IREN

[Derry Sanchez @DerrySanchez]

For weeks now, a bunch of accounts I follow and respect have been warning about what’s coming with $IREN

For me, this has been a clear thesis from the beginning: I’ve gone all-in on this stock because I firmly believe in the Roberts brothers and what they’re building.

If you’re considering $IREN or already holding, I recommend following these accounts:

@Agrippa_Inv
@jiahanjimliu
@FransBakker9812
@bitcoinbutcher1
@Bare_Birk
@BitcoinAIGuy

They’ll give you a much clearer picture of the investment case (on top of doing your own research, of course).

Other accounts to follow if you're in $IREN:

@chinoalemano
@SylentTrade
@_Sgr_A_Star
@Umbisam
@DustinHuntwn
@mikealfred
@brianfry01
@OInvests
@YeWays1

More catalysts are coming. You’ve been warned.

+$150 EOY

[Derry Sanchez @DerrySanchez]

🎯

[Jim Liu @jiahanjimliu]

@NoLimitGains Elon is doing more impact to help the world than the people hating:

[SantinoCripto® @SantinoCripto]

🚨 Un empleado de SpaceX que ganaba $28/hora está a punto de hacerse millonario.

Y no es el único.

La IPO de SpaceX crea 4.400 nuevos millonarios en un solo día.

No son CEOs. No son fundadores.

Son ingenieros, soldadores y técnicos que mantuvieron sus acciones durante años.

La paciencia acaba de pagar.

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Gabriel Nebreda: $IREN's hidden European edge

As you might recall, during last month's earnings call $IREN announced the acquisition of Nostrum, an emerging Spanish data center company.

Nostrum adds 490 MW of secured power in Spain and serves as $IREN's entry into the European market.

Arguably the most underrated piece of this acquisition is the key man who will now be leading $IREN's European platform: Gabriel Nebreda.

His background is genuinely impressive, and I'd argue it's exactly what this role demands:

→ 15+ years at EDP, including running gigawatt-scale renewable assets across multiple European jurisdictions as Global Director of International Business Development at EDP Renewables.

→ Founded EDP Solar Spain from scratch in 2019 and built it into the leading B2C solar player in the Spanish market in under 2 years.

→ Brought into Nostrum by Andera Partners in May 2024 specifically to engineer a strategic exit, which he delivered 2 years later via the $IREN deal

The combination of gigawatt-scale renewable asset management, ground-up business building, M&A execution, and a deep European network is incredibly rare, and represents a hugely valuable asset for $IREN.

It's clear to me $IREN is in the process of building an all-star team that will enable them to scale into one of the largest cloud providers worldwide.

[세바경 ⚡️ @Sebagyeong]

$IREN
아이렌의 $NVDA DSX AI FACTORY는 사실 본체이자 핵심입니다

특정기업과 계약한것보다 DSX 첫 부지가 아이렌 Sweetwater 라는것이 엄청난 의미인데

이걸 이해하시는분은 컨빅션이 달라질거라 봅니다 🔥🔥

[investing @DollarCostAvg]

If you’re an $IREN investor, I highly recommend following Fran and subscribing to his group. His research, analysis, and due diligence are among the most comprehensive I’ve seen. He put in real capital to support his thesis and Do deep dive research.

The value of the insights and community discussions alone makes it well worth it for anyone serious about understanding the $IREN investment thesis.

Highly recommend to follow Fran’s if you $IREN Bull. STAY Ahead of the curve.

[Derry Sanchez @DerrySanchez]

@OBPinvestments $IREN

[investing @DollarCostAvg]

I like Jim Liu Content. He has done some extensive research on past companies. One of the guy I religiously follow.

Looks like he is 95 % all in $IREN.

[Lil’ Mafia | ♟️🌵 🌮 @AvivArazi]

The people laughing at $IREN capex today will be the ones writing X threads about how obvious it was.

👀 @aleabitoreddit

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

$IREN: The cloud market's dark horse

I bet most $IREN bulls are starting to get increasingly exhausted by the price action. I certainly am.

However, as long-term investors, we should see day-to-day price action as nothing more than noise.

$IREN is particularly "noisy," which makes it an especially difficult hold. Yet in times like these, it's important to step back and refocus on the company's fundamentals rather than let price action sway one's emotions.

And the way I see it, $IREN's competitive standing is rapidly improving.

I recently came across an interesting research report by Goldman Sachs that highlighted the discrepancy between planned data center capacity and realized capacity.

Out of the ~18 GW planned to be commissioned over the past 6 quarters, only about ~11 GW actually got built.

Not only is the gap between planned and realized capacity rapidly widening, but the rate at which new capacity is coming online has actually declined over the past couple of quarters.

Much of this discrepancy comes down to power continuing to be a major bottleneck.

As grids get more and more constrained with lead times reaching 5+ years, many developers are moving toward behind-the-meter (BTM) generation (on site power generation), circumventing the need for grid connectivity.

Yet that comes with its own set of problems and bottlenecks. The end result is an increasing amount of delays and outright project cancellations.

This industry backdrop plays directly into the hands of $IREN, which now has 5.8 GW of secured grid-connected power across global jurisdictions.

The only reason the industry is switching toward BTM is that it's the only option if you don't want to wait in multi-year queues to secure grid connections. But don't get it twisted, grid-connected power remains the preferred option.

$IREN is in a unique position to capitalize on this structural bottleneck and become one of the few cloud providers that can actually bring on 5+ GW of compute capacity over the coming years.

I'd even go as far as saying that this structural advantage is the primary reason the $NVDA partnership came to be.

While $NVDA undoubtedly remains king of the hill, even they face a real dilemma that could cause cracks in their growth trajectory.

On the supply side, they have to come to terms with the fact that the gap between planned and realized data center capacity is widening, while the trend of new capacity coming online is actually decelerating.

This is the issue I just flagged, and it could act as a potential growth bottleneck for $NVDA, since fewer builds means fewer GPU sales.

Layered on top of this is the demand side. It's perfectly clear that demand for $NVDA's AI hardware remains insatiable. However, when looking closer, it's also apparent that competition is increasing.

Pretty much every hyperscaler is working on their custom chips (TPU, Trainium, Maia, MTIA), and not exclusively for internal use cases anymore, but increasingly to service the compute needs of large AI labs. Anthropic alone has signed deals worth billions for Google TPU and AWS Trainium capacity.

Then you obviously have the likes of AMD and Cerebras directly competing against the AI giant, trying to claim market share.

Taken in aggregate, these two issues could gradually lead to a growth problem for $NVDA if not addressed.

This is exactly where $IREN comes in.

They've got the largest secured power portfolio of any neo-cloud at 5.8 GW and growing fast, they develop 100% of their data centers themselves, and they're not building competing silicon.

That makes them the most reliable demand outlet $NVDA can partner with at scale.

The Sweetwater partnership, positioning the 2 GW campus as a "flagship DSX deployment," isn't $NVDA doing $IREN a favor. It's $NVDA solving its two biggest problems at once.

I'm sure you know the popular saying that "history never repeats, but often rhymes." I think today's neo-cloud market is somewhat similar to the dot com era search engine war.

Back then, the front-runners leading the race were AltaVista, Excite, and Yahoo, while Google was a latecomer that ultimately came out on top.

Today, the vast majority of investors in this space are declaring either $CRWV or $NBIS the obvious winners in the race to become the next hyperscaler.

However, I believe the real dark horse that the mainstream doesn't give much credit to is $IREN.

I believe they have all the ingredients to leapfrog every competitor in a short amount of time, in large part due to their structural advantages and pursuing the right long-term strategy from the get go.

The asset-light model, which both $CRWV and $NBIS have been leaning into, doesn't work well in capital-intensive industries, at least not over the long run.

It's somewhat of an oxymoron, since it seems intuitive that one way to circumvent some of the CapEx burden is to outsource from colocation providers.

Yet that approach leaves you with less control, less flexibility, and ultimately higher costs in aggregate in the form of operating expenses (the landlord also has to earn $).

I studied the Bitcoin mining industry for years, and the asset-light model was once a popular strategy around the 2021 bull market. While it proved to be a strong growth lever, it ultimately ended up being a disaster for anyone who adopted it.

Companies like $MARA are the perfect example.

$MARA heavily adopted the asset-light model and grew to become the largest $BTC miner, yet ended up as one of the most unprofitable public miners of all, leading to significant value destruction for shareholders over time.

Once it became obvious that asset-light wasn't a sustainable strategy, $MARA tried to pivot away from it by increasing self-deployments. But developing infrastructure in-house is a much harder discipline to master, and you don't simply switch into it overnight.

$IREN ultimately won the mining race last cycle by doing the exact opposite of $MARA from the start.

They developed all of their data center infrastructure in-house, backed by a seemingly unlimited pipeline of secured power, which ended up making them the fastest growing and most profitable miner of all time.

While the cloud sector has significant differences from the mining industry, the primary drawbacks of the asset-light model carry over.

Over time, it will become obvious to Wall Street and the broader market that this strategy sounds great in theory, but in practice leads to a stack of operational issues and severe margin compression.

Out of the two current front-runners, $CRWV and $NBIS, I think Nebius will do better. They've at least started moving toward a more diversified mix of self-owned capacity rather than purely relying on hosted colocation, which is the right direction even if they're still early in that pivot.

That said, as the $MARA example showed, developing in-house gigawatt projects at scale is not something you learn overnight.

It's clear to me that a player like $IREN, which has been building this discipline from day one, has the most realistic pathway toward sustained, profitable growth in this space.

In my view, $IREN is the dark horse that will end up winning the race. Thus overthinking today’s price action wouldn't do me any favors.

Cheers guys, have a great weekend! ✌️

[Oli @OInvests]

🚨 $IREN announces first Australian data centre campus.

800MW in Bundey, South Australia. One of the largest AI data centre projects in the Asia-Pacific region announced to date.

Transmission connection secured. Energisation from 2028.

Submarine fibre connectivity into Singapore, Indonesia, South Korea and Japan.

Total secured power pipeline now 5.3GW. Total gross infrastructure footprint 5.8GW.

Dan Roberts: “South Australia offers what AI infrastructure at scale requires: abundant clean energy, the connectivity to serve the APAC region, and a State Government that understands the opportunity and is acting on it.”

The ASX rejected $IREN years ago.

South Australia just welcomed them with open arms.

Don’t miss the wave twice. 🇦🇺

NFA

[₿. @OBPinvestments]

Day 25 of posting the $IREN logo until it hits $100.

[BitcoinAIGuy @BitcoinAIGuy]

INFINITE GIGAWATT GLITCH = INFINITE MONEY GLITCH

$IREN IS PRINTING POWER

POWER = MONEY

MONEY = POWER

YOU ARE NOT BULLISH ENOUGH!!!

[The Big Degen @TheBigDegen]

$IREN GLOBAL EXPANSION CONTINUES WITH ANOTHER 800MW SECURED IN AUSTRALIA 🔥🔥🔥

5.8GW and COUNTING….🚀🚀🚀

https://t.co/TaDVqtA2OP

[Derry Sanchez @DerrySanchez]

😂

[chad. @chad_ventures]

Where are the people who sold $IREN because they don't like dilution?

[𝒰𝓂𝒷𝒾𝓈𝒶𝓂 @Umbisam]

$IREN NEW YORK, June 3, 2026 IREN today announced the signing of a transmission connection agreement to support a planned 800MW data center campus in Bundey, South Australia.

Highlights

• 800MW data center campus in Bundey, South Australia • High-voltage transmission connection secured into the utility’s substation

• On track to commence energization from 2028 • Submarine fiber connectivity into key Asia-Pacific demand centers

• Expected to create over 200 ongoing skilled jobs, plus more than 500 during construction

This marks IREN’s first announced Australian data center project and one of the largest in the AsiaPacific region announced to date. The site is located approximately 78 miles northeast of Adelaide. Asia-Pacific is among the world’s fastest-growing sources of AI demand, with a significant gap between projected demand and available infrastructure.

South Australia's grid targets reaching 100% net renewable energy by 2027, and the site benefits from submarine fiber connectivity into major regional demand centers including Singapore, Indonesia, South Korea, and Japan.

The transmission connection agreement secures four 330kV feeder exits at the utility’s substation, expected to support up to 800MW without requiring network upgrades.

IREN expects to commence early works and procurement in parallel with satisfaction ofregulatory approvals and conditions under the transmission connection agreement.

[DNV999 @DNV99999]

And while others rent data centers, passing them off as their own, $IREN builds the largest and most advanced AI data centers in the world.

[Derry Sanchez @DerrySanchez]

🥹🫡

[Daniel Roberts @danroberts0101]

Overnight, $IREN traded almost AUD $10 billion in a single session on the NASDAQ - more than the entire @ASX's on-market daily turnover of AUD $7.5 billion.

I'll be honest. That number is humbling. But it also stings a little.

Because two and a half years ago, we were told we weren't welcome on the ASX.

The rejection was disappointing - not just for what it meant for us as a company, but for what it said about Australia's willingness to back next-generation technology at scale. We believed then, as we do now, that the future of digital infrastructure and compute deserved a place in Australian capital markets. Apparently, the feeling wasn't mutual.

But we never gave up on Australia.

We have continued to try and do business here. We have several large-scale data centre development sites across the country, and our commitment to building world-class, renewable-powered infrastructure on Australian soil has never wavered.

Australia has everything it needs to be a global leader in AI infrastructure - the land, the renewable energy, the engineering talent.

The permitting and regulatory process remains our biggest challenge - and I won't pretend otherwise. It is slow, complex, and at times deeply frustrating for a business operating at the speed that AI demands.

What it needs now is the regulatory and policy environment to not miss out on this opportunity.

But we are working through it, and when we get to the other side, we are ready to accelerate.

[₿itcoin ₿utcher 🥩 🐑 🐷 @bitcoinbutcher1]

If you were watching $IREN closely than you knew this day in 🇦🇺 would come

Congrats @danroberts0101 ; the mini rant 👇 got the desired result

[IREN @IREN_Ltd]

IREN has announced a planned 800MW data center campus in Bundey, South Australia. 

This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date.

Learn more: https://t.co/3bOYCUG3pk

[investing @DollarCostAvg]

Every major tech company developing AI models is aware that $IREN has the power infrastructure and available capacity needed to support large-scale AI workloads. The company has been highly selective in choosing partners, focusing on securing premium contracts and some of the strongest economics in the industry.

With Dan traveling globally, attending high-profile events, and engaging with leaders of some of the world’s largest trillion-dollar companies $NVDA $DELL $MSFT , it feels like something significant may be taking shape for $IREN.

The pieces appear to be coming together, and I believe $IREN could have some major developments ahead in the days and weeks to come.