Johnson Bates

Victory belongs to the most persevering…. Country music lover…Toby Keith 🕊️… #goarmy🇺🇸🫡

[Johnson Bates @JohnsonBates14]

https://t.co/fWvtEayy5H

[Eric Daugherty @EricLDaugh]

🚨 JUST IN: President Trump shows to the nation he is a GREAT father ❤️

"I've never had a drink in my life and I don't take drugs...I always would say to my kids: 'No drugs, no alcohol, no cigarettes.'"

"Ivanka said to me, she said, 'dad, you're driving me crazy. Stop saying that.' I say it all the time. Whenever I see 'em, 'no drugs, no alcohol, no cigarettes.' I think it worked, but who knows? You never know!"

"I've seen so many brilliant children of brilliant people go bad and become tremendous failures...so much of it's caused by drugs, alcohol, different substances."

"If you don't start it, you don't have a longing...they quit smoking, but they long and they see somebody with a cigarettes like they're caged lunatics."

"But even more so with drugs and alcohol. And I would always tell my kids no drugs because no drugs or alcohol. I said over the years, I've seen really smart parents have really brilliant kids and the kids are a disaster because they got hooked in drugs - and when you're hooked, it's hard to get off."

[Trad West @trad_west_]

Kevin James: "The Passion of the Christ changed my life"

[𝗧𝗶𝗺𝗲𝗹𝗲𝘀𝘀 𝗠𝘂𝘀𝗶𝗰 ✨🎵 @Hoang_HQ]

“Faded” – Alan Walker’s iconic EDM masterpiece featuring the haunting vocals of Iselin Solheim

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Ouh man 🤦🏻‍♂️... I rarely read such "smart sounding" bad take.

What you are failing to realize (or deliberately avoiding to point out) is that there are 2 different "orchestrations":

Type 1 is the customer-facing stack: things like Kubernetes/Slurm/Ray, model serving, MLOps, etc.

Type 2 is the provider control plane: think of fleet provisioning, isolation, firmware/driver lifecycle, metering/billing, observability, quotas/SLAs, and incident handling.

$IREN explicitly targets large enterprises that bring Type 1 themselves and usually demand bare-metal so they retain full control and portability. And ironically, even in the $MSFT × $NBIS deal, Microsoft almost certainly brought its own Type-1 orchestration stack... nobody serious believes MSFT outsourced core orchestration.

So does in-house Type-1 help?

Sure, for acquiring and upselling smaller customers.
Is it a moat with whales? No.

Those customers insist on owning their stack. Not having Type-1 isn’t a meaningful disadvantage when you sell dedicated capacity to that sort of clientele.

How much does Type-2 matter if parts aren’t in-house?

Nowhere near your 20–30% scare number...

Take a single B200 at ~$5/hr and 90% utilization: 720 × 0.9 × $5 = $3,240/month revenue. A licensed control-plane fee of $0.10–$0.20 per GPU-hour is $72–$144/month (≈2.2–4.4% of revenue). Add incremental SRE/support equivalent of ~1–3% and you’re at ~3–8% all-in.

3-8% ≠ 20-30% 🙃

That’s what “partially outsourcing Type-2” actually looks like when you keep the customer relationship.

And we literally have a way to prove me right. Since last quarter, $IREN now breaks out COGS for its AI cloud segment ... and guess what the gross margin was?

--> 92% 😂

What was Nebius' gross margin again last Q? ~70%? Lol.

Your flawed 20–30% figure comes from marketplaces (Fluidstack/Poolside) where the platform owns demand, billing, and support – i.e., SMB/on-demand retail, not multi-MW enterprise leases.

I would suggest to not rely on your "deep research" AI tool that much.... it fed you bad info mate.

You’re also underestimating the infrastructure reality.

$NBIS does NOT own its 300 MW NJ campus. It’s a build-to-suit facility leased from DataOne, with lease economics not disclosed (in typical $NBIS fashion, very transparent).

In the current power supply crunch, the leases on that facility won’t be cheap – and if tightness worsens, future sites will certainly get even pricier.

On the other hand, $IREN controls a massive power pipeline (3GW confirmed + ~5GW undisclosed) and is an excellent developer that knows how to build high-density data centers incredibly cheap – at scale.

$NBIS, just like $CRWV, remains at the mercy of landlords and third-party entities for rack density upgrades across their facilities. As GPU generations become more power demanding, facilities will have to be upgraded from top to bottom to handle the increased load & necessary cooling.

... Once again, not a problem for $IREN, but a meaningful cost-driver for entities that are NOT vertically integrated on the physical infrastructure layer – i.e. neoclouds like $NBIS or $CRWV.

You’re also underestimating $IREN's track record in Bitcoin mining.

$IREN isn't just another $BTC miner... don’t even put it in the same bucket as $CIFR.

It has been the fastest-growing and, more importantly, the most profitable large-scale $BTC miner in the history of this industry. The team runs extremely efficient ops and a very lean corporate structure – cost discipline that carries straight into its AI-focused verticals.

Bottom line is that large customers don’t require your Type-1 orchestration / software layer – so your margin thesis collapses. Yet, everyone needs power and physical infrastructure, including $NBIS.

$NBIS will either search for scraps in a starved power market or try to lease behind-the-meter sites with on-site generation that are VERY expensive to develop and maintain

… there goes your margin 👋

[DrewDiligence @KarmaCollects]

https://t.co/9GaqKs03B3

[MurderSheThroats @GodThottyCuck]

It's crazy seeing so many Nazis still breathing

[Coach Tommy Tuberville @SenTuberville]

Americans don’t care about Senate rules.

They care about RESULTS.

Our troops, law enforcement, and air traffic controllers should not be held HOSTAGE by woke Democrats.

BLOW UP THE FILIBUSTER.

[Desiree @DesireeAmerica4]

What would you have done?🤔

[Benny Johnson @bennyjohnson]

Wow. A towering banner of Charlie and Erika Kirk has been put up outside the Heritage Foundation ahead of this weekend’s memorial.

“Get married. Have children. Build a legacy. Pass down your values. Purse the eternal. Seek true joy.” 🇺🇸

[Rare 🇺🇸 @RareImagery]

Dog dance Friday!

[Girl patriot 🙏 🇺🇸 🦅 @Girlpatriot1974]

Malinois pup in training!
Respect.
Wow!
🇺🇸 🐾🐾

[Girl patriot 🙏 🇺🇸 🦅 @Girlpatriot1974]

Our military K9's are badass just like our soldiers!

God bless our troops,
God bless America!
🙏 🇺🇸 🫡 🐾

[e-beth @ebeth360]

@toddstarnes @masterjimz Commander-in-Chief? More like Commander-in-Action 🦅

[Shawn Farash @Shawn_Farash]

Biden got diagnosed with cancer and I don't remember conservatives wishing him dead...

Trump doesn't appear in public for 2 days before a holiday weekend and the entire Left was celebrating that he died even though he didn't.

Disgusting people.

[James Lucas @JamesLucasIT]

Life in America 40 to 100+ years ago 🧵

1. This was Los Angeles in the 1950s

[Juanita Broaddrick @atensnut]

Oh My Goodness!! This is AWESOME!!

[Juanita Broaddrick @atensnut]

Please tell me this A-hole was detained.

[Eric Daugherty @EricLDaugh]

🔥 BREAKING: The White House has just released a new photo of President Trump at the Resolute Desk in the Oval Office, flanked by his entire Cabinet. The greatest Cabinet in modern history, and it's not even close.

And the historical decor Trump has...just pure USA. 🇺🇸

[Juanita Broaddrick @atensnut]

Got any more?