$IREN's CEO said 20-25 million per mw on 3 year deals.
And 40-50 million per mw on <1 year deals.
And EVERY SINGLE BEAR ON X has been calling them terrible management because they have no deals. Maybe just maybe it was because the price of compute is going up and the longer they wait the higher the deal prices, the more revenue they generate, and the higher the margins they will have.
IREN has signed $2.8bn in new multi-year AI Cloud services contracts with leading AI developers and raised its year-end 2026 AI Cloud ARR target from $3.7bn to over $4.0bn.
“Our vertically integrated AI Cloud platform is scaling at pace. In the past 12 months we have expanded from approximately 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with 1.2GW targeted for 2027, broadening our customer base across hyperscalers, enterprises and AI developers.”
“We are proud to support leading companies building frontier applications across design, physical AI and robotics, generative media, AI search and model development.” - @danroberts0101
Press release: https://t.co/7W3Ze0JThN
Sizing into $mstr sub 100$.
Peak fud, peak bear, peak blood. These buys will be generational in 18 months.
$mstr balance sheet is built for war, 850k + btc, its the most hated stock on the market, everyone is short / offside. Coming back to this post in a couple years.