Mike114

[investing @DollarCostAvg]

Sold half of my $MU position and added significantly to $IREN ✅

Jokes aside, don’t get distracted by short-term price action. Investing requires patience, discipline, and conviction. Time and again I’ve said that if you’re investing for the long term, you have to accept volatility. Great stocks rarely move in a straight line.

My thesis on $IREN remains completely intact.

Of course, it’s frustrating watching other names rally while $IREN consolidates. Just look at:

$NBIS
$CIFR
$WULF

But price action alone doesn’t change fundamentals.

I continue to believe the market is underestimating what IREN is building. My average cost remains in the $23–27 range, and I have no issue adding at these levels because my conviction has only increased.

The next two months could be very exciting. The AI infrastructure buildout is still in its early innings, and I believe the market has yet to fully appreciate the value of IREN’s expanding compute platform and NeoCloud strategy.

NeoClouds are the future. Demand for AI compute continues to explode, and companies with scalable power, infrastructure, and execution capabilities stand to benefit enormously. IREN is positioning itself at the intersection of these powerful secular trends.

While I would certainly be pleased to see $IREN close above $100 this year, my focus is much bigger than any single price target. I’m looking at where this company could be in 2027 and beyond.

The way I see it, the market is focused on today’s numbers. I’m focused on tomorrow’s opportunity.

My thesis is unchanged. My conviction is stronger than ever. I remain extremely bullish on $IREN. 🚀

[investing @DollarCostAvg]

$IREN BELOW $100 is STEAL !!! ✅

Chamath recently said that building 1 GW of AI data center capacity today can cost around $100 billion.

Whether the number ends up being $80B, $100B, or somewhere in between isn’t the main takeaway.

The takeaway is this:

Power-ready AI infrastructure has become one of the most valuable assets on the planet.

Now look at what IREN already controls:

Sweetwater, Texas — 2.0 GW
Childress, Texas — 750 MW
Oklahoma — 1.6 GW
South Australia — 800 MW
Spain (Nostrum) — 490 MW
Prince George, Mackenzie & Canal Flats — Existing AI cloud infrastructure

Total portfolio: 5.8 GW of secured power capacity.

What excites me most is what should be energized by 2026:

⚡ Sweetwater Phase 1 (~1.4 GW)

⚡ Childress (750 MW)

⚡ Prince George & Mackenzie continuing to scale AI cloud operations

That’s already ~2.1+ GW of energized AI infrastructure either operating or coming online.

Using Chamath’s framework:

2 GW = ~$200 billion of replacement value
Yet IREN trades around a $18-20 billion market cap

Even if Chamath is off by 50%, you’re still looking at a valuation gap that is hard to ignore.

The market is pricing IREN like a miner.

The bull case is that it’s becoming a large-scale AI infrastructure platform.

By math alone, if ~2 GW is energized and available for AI workloads by 2026, a $100B+ market cap doesn’t seem crazy.

That would imply a stock price potentially in the $150-$250 range, based solely on the value of the energized AI infrastructure—not even giving full credit to the remaining 3.7+ GW in the portfolio.

🤯🤯🤯

This is why I believe the market is dramatically underestimating what IREN is building.

✅ Gigawatts of power
✅ Strategic land positions
✅ Grid access
✅ Permits & approvals
✅ AI-ready infrastructure

[The Big Degen @TheBigDegen]

$IREN 🔥🔥🔥

🚀 Press the REPOST button if you think IREN will hit $100 this year

🚀🚀 Press the LIKE button if you think IREN will hit $150 this year

🚀🚀 🚀 Press BOTH buttons if you think IREN will hit $200 this year

IREN has now secured 5.8GW of power … AND MUCH MORE TO COME 👀

The big question now is, if/when will IREN and ANTHROPIC do a deal? 👀👀👀

[Dan 🤖🌥❤️ 🚀 @mcF_dan]

$IREN is roughly a $20B market cap. They could easily sign a deal with Anthropic that accelerates their ARR to rival $NBIS with its almost $60B market cap. Post-deal, we’re looking at $200+ per share. The odds of this happening are pretty good with all the things that have been happening. Anthropic is desperate for compute, as seen by their willingness to pay xAI a premium. Jensen said they will provide Anthropic with tons of compute over the next year or two. Dan Roberts has said they don’t need a sales team when they have $NVDA as a partner. The other Neoclouds have already signed away their capacity for the next few years. The stars are aligning to Sweetwater and the rest of Childress for a massive deal.

[Birk @Bare_Birk]

$IREN's >4000% AI growth in the coming 15 months with 5 new deals announced in the coming 6 months. The path to >$12B ARR and >$100 share price by 2027 👇

I believe the upcoming 6-9 months will be highly compelling for Iren, and I expect the stock to significantly outperform the broader market. This outlook is driven by numerous positive catalysts poised to push the share price upward, which I will outline below:

1. Exceptional AI Revenue Growth (>4000% over the next 15 months)
Over the next five quarters, Iren is projected to achieve triple-digit quarter-over-quarter (QoQ) growth, scaling revenue from $34 million to over $1.4 billion within this timeframe. According to calculations by @bitcoinbutcher1 , Iren is on track to reach an annual Recurring Revenue (ARR) exceeding $12 billion by the end of 2027. (check his post)

2. Anticipated Contract Announcements (5 deals in the next 6 months)
Over the next three months, I anticipate Iren will announce several contracts related to their 2027 capacity. Iren currently has an ARR of $4.4 billion, and over the next six months, I expect management to increase contracted ARR from the current $3.1 billion (as of May 29, 2026) to over $10 billion. This growth will be driven by multiple agreements utilizing their 2027 capacity. Below is an overview of these expected agreements:

Mackenzie (80MW):
Iren has purchased approximately 36,000 B300 NVIDIA GPUs, scheduled for delivery in the second half of 2026. This data center will begin generating cash flow for Iren within the year. While the GPUs have been procured, a formal customer announcement for this facility has not yet been made. Market speculation suggests these resources may be allocated to existing clients such as Fireworks AI or togetherAI. However, I am optimistic that Anthropic could secure this capacity, given that Mackenzie is likely one of the data centers offering the fastest time-to-compute. Industry observers are keenly aware that Anthropic is in urgent need of immediate capacity. I expect an agreement for Mackenzie to materialize in the coming months, which would subsequently boost the projected EOY 2026 ARR from $3.7 billion to $4 billion.

Canal Flats (30MW):
As Iren's smallest data center, Canal Flats is set to be retrofitted from Bitcoin mining to air-cooled AI capacity. Consequently, an announcement from Investor Relations regarding additional B300 purchases for this site is highly probable in the near term. This facility is expected to be operational by the first half of 2027, contributing an estimated ARR of over $300 million.

Horizon 5-6 (Liquid-Cooled, VR200):
In their Q1 report, Iren announced plans to build an additional 100MW of IT load utilizing liquid-cooled data centers. I suspect this capacity will be contracted to Microsoft, which is already a client for Horizon 1-4. The key differentiator is that Horizon 5 and 6 will be designed for NVIDIA's latest Vera Rubin models. Estimating the ARR contribution is difficult, as comparable contracts are not currently present in the market, but I anticipate this contract will be secured shortly. With Horizon 1-4 slated for completion by EOY 2026, it is logical to commence groundwork and expansion soon—a process significantly aided by having a committed client.

Childress 250MW (Air-Cooled, Retrofitted):
Iren also announced an additional 250MW of air-cooled capacity for Childress. This involves retrofitting existing Bitcoin data centers into air-cooled AI facilities. The strategic decision to prioritize air cooling is driven by the ability to offer faster time-to-compute, a critical focal point in today's market (again, highly relevant to companies like Anthropic). We already know that 60MW of this capacity is contracted to NVIDIA, leaving 190MW currently available. This remaining 190MW could contribute an additional $2.1 billion in ARR (calculated as $700 million ARR from the NVIDIA contract multiplied by 3).

Sweetwater (300MW to 1.4GW):
This facility has been designated as NVIDIA's "flagship deployment for NVIDIA's DSX architecture." An initial 300MW is scheduled for development in 2027, scaling up to a massive 1400MW data center over time. The immediate 300MW phase currently requires a committed contract. Iren has already completed significant groundwork for the site and secured grid connection approval in early May. This contract will involve NVIDIA's VR200 GPUs, likely making it the largest data center globally with a VR200 installation. This is the contract I am most anticipating due to its sheer scale, potentially exceeding $20 billion. While it is a long-shot, there is a possibility that the entire 1400MW could be leased to a single client. Such a scenario would imply a potential contract size of over $100 billion—a staggering figure considering Iren's current market capitalization of $22 billion.

3. Strategic Rerating: From Bitcoin Miner to Neocloud:
Despite being a strong proponent of Bitcoin myself, its current association does more harm than good for the company's valuation. Bitcoin is generally viewed unfavorably by Wall Street, resulting in the stock trading at significantly lower multiples compared to pure-play AI companies. As Iren transitions away from Bitcoin over the next 6-9 months, I expect the stock to undergo a significant rerating as the perceived risk associated with cryptocurrency is eliminated. This pivot will serve as a major positive catalyst; the company will shed its label as a mining operation and be formally recognized as a premier data center provider.

[Mike114 @SeaSalt114]

@MariusKuba Bin gerne dabei

[LAMB🇮🇹 @sports_lamb]

$IREN Analyst Upgrades this week

Cantor: RAISED TO $99
Bernstein: RAISED TO $125
B. Riley: RAISED TO $88

Higher we go

[Micro2Macr0 @Micro2Macr0]

Data centers are SO HOT RIGHT NOW. $IREN

[BitcoinAIGuy @BitcoinAIGuy]

I think $IREN is about to announce a deal with Anthropic any day now

Somebody knows

[Bull Theory @BullTheoryio]

HUGE AI INFRASTRUCTURE DEAL.

NVIDIA and IREN just announced a strategic partnership to deploy up to 5 GIGAWATTS of AI infrastructure.

As part of the deal, NVIDIA received rights to buy up to 30 million IREN shares, representing a potential $2.1 BILLION investment.

The buildout is expected to center around IREN’s massive 2GW Sweetwater, Texas AI campus.

The AI infrastructure race is accelerating fast.

[mon @moninvestor]

$IREN X $NVDA announced a strategic partnership to deploy up to 5 GW of AI infrastructure across IREN’s global data center pipeline.

NVIDIA also gets the right to invest up to $2.1B in IREN.

STOCK UP 27.72% AFTER HOURS.

[Sylent Capital @SylentTrade]

I TOLD YOU THE MOTHER OF ALL DEALS IS HERE AND IT JUST HAPPENED BETWEEN $IREN AND $NVDA

[Prof @TheProfInvestor]

$IREN MOONED 🙌

NVIDIA and IREN Announce Strategic Partnership to Accelerate Deployment of up to 5 Gigawatts of AI Infrastructure

+21%

[Shay Boloor @StockSavvyShay]

$IREN & $NVDA ANNOUNCE STRATEGIC PARTNERSHIP TO ACCELERATE UP TO 5 GW OF AI INFRASTRUCTURE.

[Sylent Capital @SylentTrade]

$IREN & $NVDA ANNOUNCE STRATEGIC PARTNERSHIP TO ACCELERATE UP TO 5 GW OF AI INFRASTRUCTURE

I TOLD YOU A DEAL WAS COMING! LETS GOOOOOOOO!!!

[M. V. Cunha @mvcinvesting]

🚨 JUST IN:

$IREN and NVIDIA announced a strategic partnership to accelerate the deployment of up to 5 GW of AI infrastructure.

NVIDIA has a five-year right to purchase up to 30M shares of $IREN at $70 per share, a potential investment of up to $2.1B.

Congrats bulls!

[Sylent Capital @SylentTrade]

$46 to $60 in 2 days. Earnings tomorrow is about to be insane and send us to $70+ $IREN

[Alice Weidel @Alice_Weidel]

Save the date: On January 9th at 7pm CET, the announced Space with Elon Musk and me will go live on X. We are looking forward to having this exciting conversation and a great audience!

Vormerken: Am 9. Januar ab 19 Uhr findet der angekündigte Space mit Elon Musk und mir auf X statt. Wir freuen uns sehr auf das Gespräch und vor allem auf viele Zuhörer!

[Jakey @SolJakey]

Visa 🤝 SOLANA

Shopify 🤝 SOLANA

Stripe 🤝 SOLANA

Paypal 🤝 SOLANA

Calling SOLANA the future is not a joke.

[Mike114 @SeaSalt114]

Awesome news. Can‘t wait to install the new standard and most secure device on crypto wallets within the market. 💪#GetAurox #crypto #sol #BTC #URUS #Defi #ETH #HEX