cryptoKanye

yeezy season vs alts season. I thought about killing you, premeditated murder. #rekt #Bitcoin

[cryptoKanye @RJMCrypto]

Beginner friendly crypto content from @cryptoeq:

-Crypto Starter Pack (11 Pages w/ The Cannon): https://t.co/jjCQNYp99Z

[cryptoKanye @RJMCrypto]

Trump’s Defense Department Sees Growing Espionage Threat From Israel https://t.co/M5l70BRZPe

[Mr. Buzzoni @polydao]

> do you understand what Claude Opus 4.8 just did to the Google job market
> a senior Google engineer with 11 years of experience
> stacked 32 Claude skills on top of his workflow
> 8hrs → 2-3hrs per day
> $95K developer vs $300K AI architect
> same job. different stack. very different salary
> the exact skill list is here 👇

[Rahul @sairahul1]

Anthropic pays $750,000+ a year for engineers who know how to build LLMs from scratch.

Stanford just released the exact lecture that teaches it - 1 hour 44 minutes, free, straight from CS229.

Bookmark and watch it this weekend.

It'll teach you more about how ChatGPT & Claude actually work than most people at top AI companies learn in their entire careers.

[Kirill @kirillk_web3]

Anthropic CEO after watching a $20B Chinese AI founder hand out the exact architecture that beats Claude for free in 40 minutes

[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.

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

3 Imminent $IREN Catalysts

Not many companies have as much going for them right now as $IREN does.

While management has been relatively quiet since the last earnings call, I believe we're standing right before a wave of major, thesis defining announcements.

1) Australia Expansion

Given that Australia is where $IREN was incorporated, one might expect the company to already be operational there. Yet as of today, Australia remains merely the home of its HQ.

That will likely change very soon...

Just a couple of months ago, $IREN announced a sponsorship of the Sydney Swans, a prominent AFL team. As an isolated event, I wouldn't have thought much of it. The company's CEO is an Australian Football coach himself, so it could have simply been management paying homage to the company's roots.

However, this sponsorship was accompanied by a sweeping marketing campaign across Australia.

$IREN has seemingly gone all out on visual ad spend, plastering full trams with the company's logo and tagline across multiple Australian states, while also putting up new billboards outside Sydney's airport and other notables places.

Knowing how cost disciplined management is, I seriously doubt they're burning all this money on nothing. I strongly believe the company is close to unveiling a major expansion into Australia.

Currently, there are rumors that $IREN has at least two new data center sites lined up: one in South Australia, and one in New South Wales.

With how aggressive the regional ad spend has been, I'd expect any new site announcement to be accompanied by large-scale customer contracts.

If I had to speculate on who $IREN's first major customer in Australia might be, I'd wager on Anthropic, who recently announced plans to open an office in Sydney.

2) Sweetwater 1 Energization + Deal

$IREN is likely just days or weeks away from energizing its largest site to date; the massive 1.4 GW Sweetwater 1 campus.

With data center projects across the industry missing delivery timelines, largely due to an inability to secure reliable power, Sweetwater 1 stands out as a true unicorn.

Having this much grid connected power concentrated at a single site is virtually unheard of, and positions Sweetwater as one of the most valuable assets in the sector.

Successful energization will undoubtedly elevate $IREN's standing among operators industry wide, putting its execution capabilities on full display while competitors face severe delays and outright project cancellations.

Management is also aggressively hiring for the Sweetwater campus, including night shift positions, a strong signal that the company is gearing up to develop new data centers at rapid speed around the clock, 24/7.

This tells me we're likely nearing the signing of a new large-scale anchor client deal, possibly with another hyperscaler or frontier AI lab.

My expectation is that the first tranche of the Sweetwater build-out will be designed entirely for liquid-cooled Rubins, with commissioning likely sometime in H1 2027.

3) Childress Expansion

While Sweetwater is currently getting all the attention, we shouldn't overlook $IREN's first Texas campus; the 750 MW large Childress site.

So far, $IREN has contracted 40% of the site's total capacity to Microsoft, 300 MW gross across 4 tranches (Horizon 1 to 4).

That leaves 450 MW still up for grabs.

With management clearly signaling its intention to fully convert the remainder of Childress into an air-cooled AI cloud campus, the runway potential remains enormous.

Over the coming weeks, I'm expecting one of two things: either $IREN announces a new multi-hundred MW cloud contract for Childress, or management lays out a concrete plan to convert the remaining 450 MW into a large-scale cloud hub for multiple enterprise clients.

Either way, the conversion of Childress's remaining capacity is likely to begin very soon.

As with Sweetwater, the company is also actively hiring night shift HSE advisors for Childress construction, once again signaling an intent to scale development rapidly (night shift = 24/7 construction).

On a side note, I'm also expecting the successful delivery of Horizon 1 this quarter to act as a meaningful catalyst for the company's competitive standing in the market.

General Thoughts

While I've covered each of these topics in depth in previous Substack reports, I believe the time has now come for this wave of catalysts to materialize.

It's also worth pointing out that most Wall Street analysts fail to see around the corner when it comes to $IREN's cloud expansion. For the most part, they simply react to what's directly in front of them.

That means $IREN is one of the rare stocks where retail investors can front run institutional capital, getting positioned before the catalysts materialize and before Wall Street prices them in accordingly.

The irony is that over the past few weeks, retail has been doing the exact opposite: panic selling right before what I expect to be a major re-rate of the stock.

Earlier this month I also heard many investors claim that $IREN couldn't move up before new large-scale deals or other catalysts materialized…

That's a very dangerous way to think.

Markets are inherently illogical. Trying to rationalize them is a mistake not only retail investors, but institutional ones too tend to make.

Last year, $IREN's share price increased by over 1,000% from its April lows, purely on the expectation of a deal being close. If you'd waited for the actual announcement, you would have entered around $70…

In any case, with these 3 major catalysts in front of us, I'm very much looking forward to the weeks ahead and especially to the Q1 earnings call.

NFA, but I wouldn't be surprised if the stock cracks $100 in May.

Images S/O: @FransBakker9812, @tempocap2

[Corey Ganim @coreyganim]

The moment you realize "Second Brain as a Service" is a real business:

1. Charge $1,500-3,000 to build a client's knowledge base (3 folders, 1 schema file, their existing data loaded)
2. Monthly retainer $300-500/mo for ongoing ingestion, health checks, and new source processing
3. Target agencies and consultants first. They have years of scattered data across Slack, Drive, email, and call transcripts. They'll pay tomorrow.
4. The setup takes a weekend to learn, a few hours to deliver. The client gets a searchable wiki that gets smarter every time they use it.
5. Stack it: competitive intel vault + client knowledge vault + content vault = $1,000-1,500/mo per client

10 clients = $60K+ year one. From a system built on folders and text files.

Full breakdown of the system in the article.

[PatriotTakes 🇺🇸 @patriottakes]

***Leaked White House Video***

Trump: “You know, we’re not supposed to be seduced that way, right? But I am. When someone’s nice to me, I love that person. Even if they’re bad people, I couldn’t care less. I’ll fight to the end for them.”

[Furkan Gözükara @FurkanGozukara]

WOW new Iranian LEGO movie just dropped

They are upping the level with every movie they make

This will make LEGO company, Israel and Trump so much crazy 😭🤣😂

[Cointelegraph @Cointelegraph]

🔥 LATEST: OpenAI is backing Isara, a new AI startup building software to coordinate thousands of AI agents, at a $650M valuation.

[Noah @NoahKingJr]

Claude watching me write code manually after I hit the daily limit

[Golden Age of Fraud @TheGAOF]

@DeItaone FSD cannot arrive soon enough for this guy.

[cryptoKanye @RJMCrypto]

U.S. stock futures flat as Trump and Iran trade threats against civilian infrastructure https://t.co/zxkVBBeGm8

[Aleksey The Great 🇷🇺🎖 @aleksthgrt]

🚨BREAKING NEWS

Former US Officer Scott Ritter:

"If I were Iranian, I would dismantle Israel's salt processing plants right now. I would finish off Israel immediately.

Israel needs to be eliminated.

It is literally the cancer of the planet."