Angel Sandino 🔋

⚡️Supply chain

[Angel Sandino 🔋 @NotAllinJones]

@mitxhsteven @IREN_Ltd How about hosting an AI Data Center day to tell everyone over the internet? 🌎

[Angel Sandino 🔋 @NotAllinJones]

@Agrippa_Inv @Samuel947117225 If only people knew

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Most $IREN investors don't yet grasp how profitable the 60 MW $NVDA deal actually is.

Despite being just 20% of the MW capacity, it yields more cumulative net income than the 300 MW $MSFT agreement.

This is a direct result of $IREN locking in stronger terms.

Now that $IREN is quickly establishing itself as one of the premier cloud providers with the deepest pipeline in the industry, I expect future deals to land at similar profit margins.

Considering the price action since last earnings, the market clearly hasn't priced that in yet.

[Angel Sandino 🔋 @NotAllinJones]

@Agrippa_Inv @Samuel947117225 The makings of $TSLA vs the TSLA killers once again, going to be fun to watch!

[Angel Sandino 🔋 @NotAllinJones]

@elonmusk $IREN

[Angel Sandino 🔋 @NotAllinJones]

@FransBakker9812 @ilzmcfly @CABeyney @B__Digs DAMN LOL

[Angel Sandino 🔋 @NotAllinJones]

@Agrippa_Inv @Samuel947117225 @danroberts0101 @bradsferguson great read & thread

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

My take on @danroberts0101 new post

$IREN Co-CEO just dropped a beautifully written thread on the company's compounding competitive advantages.

Seriously, a must read for every $IREN investor or folks who are on the fence.

My highlights:

- Dan confirmed that the 60 MW cloud contract with $NVDA is in fact measured in 'gross' MW, not IT. That was already obvious to me based on the earnings call material, however, it's great to get definitive confirmation.

The implications of this is ENORMOUS. The $NVDA contract has incredible economics, something I've analyzed extensively in my upcoming $IREN deep dive (released in a couple of days on Substack).

- Dan firing shots at the likes of $NBIS & $CRWV:

"And the asset-light neocloud trying to compete by renting capacity is discovering that sites were locked up years ago, and the operators utilizing them aren’t subletting. By the time new entrants solve for land, power and permitting, IREN will have gigawatts online, execution track record, and customer relationships that took years to build. That gap doesn’t close. It compounds."

This is by far my favorite quote coming out of Dan. Eventually, everyone will realize that the real advantage $IREN has over the rest of the neo-cloud sector, is the fact that they are the only provider that's 100% vertically integrated.

They don't have to deal with any land-lords. They don't have to pay billions to $BE to secure fuel cells in a desperate attempt to salvage a project that is tied to a large customer contract. $IREN is in control of its own destiny, and eventually that will show up in the bottom line (profits).

The “asset-light” model never works in an infrastructure-heavy industry. It works for hardware, when you are the high-margin designer and outsource the manufacturing process to a specialized entity. But it doesn’t work when the infrastructure itself is the product.

In cloud, the value is not just in having access to GPUs. The value is in controlling the full stack, which mostly consists of physical infrastructure.

If you outsource all of that to colocation partners, you are not building an AI factory. You are renting someone else’s factory, layering a spread on top, and hoping the economics still work after the landlord, the power provider, the OEM, and the lender have all taken their share.

That model can look attractive in the early innings because it allows rapid capacity announcements without heavy upfront CapEx. But structurally, it leaves the operator with the worst part of the value chain.

I'm really looking forward to comparing the net income lines between $IREN, $CRWV, and $NBIS a few years from now. I wouldn't be surprised if two out of the three remain unprofitable by then.

- I really enjoyed Dan's section about becoming a global cloud provider.

He did a great job in explaining the importance of being locally present in the markets you want to source customers from. Not just due to local proximity for inference, but also due to compliance & sovereignty.

These were my highlights, I'll let you discover the other gems yourself. This is easily Dan's best post and I think it does a lot in terms of IR, especially as it's coming from him; the co-founder and co-CEO of $IREN.

As mentioned earlier, very soon I'll be releasing a new deep dive on $IREN. It goes deep into the implications of the $NVDA partnership and Mirantis acquisition, including a bunch of different topics worth exploring. So far, the report is 30 pages long (including graphs / images) and I'm in the process of finalizing it.

Honestly, one of my best deep dives to date. I know I'm saying that for each release, but the depth and quality of our work is undoubtedly increasing. Can't wait to publish it.

Cheers guys! ✌️

[Angel Sandino 🔋 @NotAllinJones]

@danroberts0101 @sebastian_ski 👏🏽👏🏽👏🏽

[Daniel Roberts @danroberts0101]

𝐓𝐡𝐫𝐞𝐞 𝐋𝐚𝐲𝐞𝐫𝐬. 𝐎𝐧𝐞 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞. 𝐓𝐡𝐞 𝐈𝐑𝐄𝐍 𝐓𝐡𝐞𝐬𝐢𝐬.

There's been a lot happening at IREN recently.

Expansion across North America, Europe and Asia-Pacific.

The NVIDIA partnership.
The Mirantis acquisition.
New GPU deployments.
New customer discussions.
A growing global footprint.

Underneath all of it is a fairly simple view of where the world is heading, and a deliberate strategy for how we position IREN within it.

That strategy is built on three layers. Together, they compound into a structural advantage that gets harder to replicate every quarter we execute.

Layer 1: Physical infrastructure. Power, land, substations, data centers, cooling. The foundation that everything else sits on.

Layer 2: Compute infrastructure. The GPUs, servers and networking that go inside those buildings. Deployed at scale. Generating revenue. Building execution track record.

Layer 3: Software and operational capability. The orchestration, deployment tooling and enterprise expertise that makes the first two layers work harder for customers, and opens the door to a broader, higher-value market over time.

Layers 1 and 2 are where the overwhelming majority of IREN's value is being created today. Layer 3 is where that advantage compounds further over time, but only because Layers 1 and 2 are built, owned and controlled at scale by IREN, not subscale nor contracted from a third party.

Think of Amazon. They didn't win e-commerce by building a great website. They won it by controlling the fulfilment infrastructure at a scale nobody else could replicate. The foundation you don't control becomes the ceiling on your business.

That is exactly how we think about IREN. The physical infrastructure - the land, the power, the substations, the data centers - is owned and controlled by us. The compute deployed into it generates the revenue and execution track record. And the software, orchestration and enterprise capability we are more methodically building on top is what turns the total product into a vertically integrated AI Cloud platform that compounds over time and deepens into a competitive moat.

AI is still early. The bottleneck is increasingly physical. And we have spent eight years building the foundations.

[Angel Sandino 🔋 @NotAllinJones]

@BitcoinAIGuy @bradsferguson join a Sunday iren spaces

[Angel Sandino 🔋 @NotAllinJones]

@pepemoonboy 1. Start with real due diligence, you’re an adult.

Go.

[Angel Sandino 🔋 @NotAllinJones]

@bradsferguson Less messy with Iren

[Angel Sandino 🔋 @NotAllinJones]

@danroberts0101 Quality over quantity.

Contact Dan Ives & Tom Lee asap to dedicate as much time is needed for them to truly know IREN’s nuances.

They will genuinely champion the stock everyday thereafter to everyone in the market cutting through the noise.

Networks, retail podcasts, analysts

[Angel Sandino 🔋 @NotAllinJones]

@cantonmeow Jesus💀

You mean to tell us there’s a 2nd stock where adults are clueless to understand the inherent value of a company?

Reminds me of Tesla & all the “Tesla killers” 🤣🤣🤣

[Angel Sandino 🔋 @NotAllinJones]

@DefenseTechAI @X Been there for a while.

[Angel Sandino 🔋 @NotAllinJones]

@FransBakker9812 Last line came at me like a curveball 😆

[Angel Sandino 🔋 @NotAllinJones]

@Agrippa_Inv @Cointelegraph @Gekko_TheGreat 🥲💀

[Angel Sandino 🔋 @NotAllinJones]

@p_ferragu The only other company with gigiwatts secured today* whose market cap is a fraction of SpaceX - https://t.co/xuIkVnpDIT

[IREN @IREN_Ltd]

IREN and @nvidia have announced a strategic partnership to accelerate deployment of up to 5GW of next-generation AI infrastructure. The companies have also signed a $3.4bn contract under which $IREN will provide AI infrastructure cloud services for NVIDIA internal AI and research workloads.

https://t.co/MLV0KZuPOA
https://t.co/ql0JNikfJ1

[Angel Sandino 🔋 @NotAllinJones]

@SylentTrade Unofficial official IREN IR for the win again and again and again..🥇