Mike Lee

Michael Lee at

[Mike Lee @MikeLeeStrategy]

First article for @Forbes & my new buddy @Daugherty_Twit Three Companies Built To Survive AI: Palantir, ServiceNow And Toast via @forbes https://t.co/XbZ7M1Sg79

[Mike Lee @MikeLeeStrategy]

Wow!!!

[Chad Wahlquist @chadwahl]

Just two guys early in Palantir

Thanks for stopping by our 3rd Sovereignty event today!

[Dr. Simon @goddek]

Even the East German communists weren’t that shameless when rigging elections.

[Monica Crowley @MonicaCrowley]

No one is above the law

[Mike Lee @MikeLeeStrategy]

Join me in my hometown Sarasota, FL for a @MoneyShow masters symposium!
https://t.co/lp1VYw0zLo

[Tricia McLaughlin @TriciaOhio]

The same Jena Griswold who unilaterally tried to remove Donald Trump from the ballot in the 2024 primary election in Colorado?

[Elon Musk @elonmusk]

@aaronburnett Accounting depreciation is irrelevant (true depreciation s not). Delivering on projected cash flow is what matters.

[Mike Lee @MikeLeeStrategy]

@altcap @TrumpAccounts You are an absolute legend 💪💪🙌🙌🇺🇸🇺🇸🇺🇸

[Mike Lee @MikeLeeStrategy]

@altcap @TrumpAccounts https://t.co/5CTPUfewG9

[Mike Lee @MikeLeeStrategy]

@altcap @TrumpAccounts https://t.co/z8dD5inm0L

[Cernovich @Cernovich]

Daniel Perry, an Army veteran, was driving an Uber when left wing thugs flashed an AK-47 at him. He defended himself. An Austin jury wrongfully convicted him. He obtained a pardon. Then a Soros DA charged him again. That's how "criminal justice reform" works in practice.

[Andreas Steno Larsen @AndreasSteno]

Stuff that does NOT happen if there is an oversupply of compute

The Dot com analogy is so incredibly off

[Cow Guy Close @CowGuyClose]

AI spending has sparked a tech sell off. What happens next? @MikeLeeStrategy gives us his take with @sws9876.

🔗https://t.co/Qz7Qlah1zE

[Scott Shellady @ScottTheCowGuy]

Finishing strong! Jim Iuorio, Mike Lee, Byron Anderson, Arlan Suderman & Patrick Mueller. Tune to The Cow Guy Close on RFD-TV daily from 12:30pm CST and 1:30pm EST. @jimiuorio @MikeLeeStrategy @ByronAndersonII @ArlanFF101 @BellaAdvisors @AshleePitzl @OfficialRFDTV @CowGuyClose

[Mike Larson @RealMikeLarson]

AI stocks are in focus...again. @Sydney_Armani, @MikeLeeStrategy, & @NavellierGrowth share their thoughts on the latest action in this week's @MoneyShow podcast 🎙️

AI Winners & Losers: 3 Experts Weigh in on the Best Stocks & Biggest Wor... https://t.co/qe5dSyuDVZ via @YouTube

[Eagle Ed Martin @EagleEdMartin]

They hunt us.

Slotkin is not hiding it.

[Cernovich @Cernovich]

Obamacare the single biggest line item other than housing for working families and it’s crippling for self-employed dads with lots of kids. No one would be talking about gas or egg prices if you had that money back. Say thank you to John McCain for that.

[Melvin @MelvinInvests]

I've heard ENOUGH.

BULLISH ON NEOCLOUDS 🚀

[Daniel Roberts @danroberts0101]

A lot of questions this week on funding, so here's how a GPU typically gets funded at $IREN.

First, the customer signs a multi-year take-or-pay contract and agrees to a prepayment. On our recent 3-year contracts, prepayments have been 45% to 55% of the associated GPU capex.

Second, financing is committed, secured by the contracted GPUs. On the Microsoft contract we secured an A-rated facility at around 6%, which together with prepayments covers 96% of GPU capex. More recently, for a non-investment grade counterparty at Mackenzie, we secured financing at 9% fixed, which together with prepayments covers more than the full cost of the GPUs.

That's the GPU side. The data centers are a separate, long-term asset base, and we own the ones our GPUs run in. Construction has been funded from cash to date, with no debt against these multi-billion dollar assets. As they come online with contracted customers, they can support financing in their own right.

The processes behind the next facilities are continuing, and new paper will cost what the market charges. With GPU paybacks of around two years on our recent 3-year contracts, a wider spread barely moves the economics.

There's more customer demand than we can build for. As we noted at our recent earnings, 2026 is largely sold out, recent 3-year contracts are at more than double the prior year's pricing, and demand for anything we can bring online in 2027 covers it several times over, with prepayments a focus in every negotiation. Conversations on 2028 capacity are already underway.

Meanwhile announced capacity keeps slipping across the industry, which is the point: signing deals isn't the bottleneck in this market, bringing GPUs online is, and that's our focus.

[Mike Lee @MikeLeeStrategy]

And you’re bearish on $CRWV

[Elon Musk @elonmusk]

What it’s like trying to rent AI/SI compute

[Jack Posobiec @JackPosobiec]

Funny how Obama jumps in when fake birth certificates from Africa are the topic