Why are we building a position in $IREN?
TL;DR — Jeff bezos calls out, "Given a 10% chance of a 100 times payoff, you should take that bet every time" and this is how we feel about $IREN. With a market cap <$5B, >$1B in annualized revenue, assets ~$2B, and good leadership in energy/infrastructure, we think $IREN has the potential to be a multibagger over the coming years as it carves out a place in the neo cloud/ai infrastructure market 🤖⛅️
$IREN demonstrates a dual-strategy approach, leveraging its efficient Bitcoin mining operations while strategically pivoting toward AI data centers, setting itself up to participate in the AI revolution as a key infrastructure provider.
$IREN has already established itself as one of the top-tier players in the Bitcoin mining industry, recently achieving a significant milestone in hashrate capacity, placing it among an elite group of mining companies.
$IREN ‘s competitive advantage stems from its industry-leading efficiency metrics, strategic use of renewable energy sources, and forward-looking expansion into AI infrastructure, which we are highly bullish on.
$IREN ‘s strategic decision to pause further Bitcoin mining expansion to focus on AI data centers demonstrates management's adaptability to evolving market dynamics and an opportunity to transfer their industry leading expertise in energy efficiency towards AI.
With a strong buy analyst rating and a positive forward P/E, $IREN is positioned to maintain its competitive edge through technological efficiency and expansion into AI opportunities. We’re bullish for what’s in store ahead for $IREN and think the current valuation is too low for the potential it represents.
@Fibonacci_TA@FransBakker9812
$IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe
The acquisition marks IREN’s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and operations.
The acquisition establishes a strong foundation for IREN to serve rapidly growing AI Cloud demand across Europe, one of the largest and fastest growing markets.
Nostrum’s operations will continue under the IREN brand.
.@BernieSanders , it is a time to celebrate. @elonmusk has created enormous value for society by building @SpaceX, driving down the cost of rocket launches and creating a global satellite communication network that has brought high speed, low-cost internet and communication access to hundreds of millions and eventually billions of people along with critical advantages for our military and our nation’s defense.
SpaceX and its technologies will cause an acceleration in the growth of wages and wealth creation globally, including in some of the poorest communities in the U.S. and around the world.
Access to low-cost, high speed communications everywhere will allow children around the world to be educated, families to build businesses, and life-saving medical knowledge and care to be available everywhere.
SpaceX will materially bring down the cost of compute, advancing AI and humanity.
Meanwhile, 4,000 SpaceX employees yesterday became millionaires, including hourly wage employees who you claim you are trying to help.
The Elon Musks of the world drive growth, global GDP, and provide access to goods and services at lower cost that would otherwise not exist.
Elon’s nominal trillionaire status is due to his ownership of SpaceX, Tesla, Neuralink, the Boring Company and his other initiatives that have brought new technologies that improve our everyday lives.
Elon is not sitting on a trillion dollar pile of cash, jewelry and gold. He is using his controlling stakes in his companies to advance mankind. Elon’s companies don’t pay dividends. They reinvest all of their capital to accelerate innovation and value creation.
Elon is working 24/7 for all of us. He deserves respect and appreciation, not smears.
Bernie, your socialism would never allow a SpaceX to be built. Socialism has only proven to impoverish mankind and lead to death and destruction.
We need to create the conditions for more SpaceXs to be built, not attack the great entrepreneurs who are helping to advance our country.
Super Micro is raising $7 billion in equity and equity-linked transactions to purchase components needed to fulfill ~$39 billion in AI server orders from more than 20 customers.
$SMCI $NVDA $AMD
Elon musk pays the same into social security as everyone else and he also uses the same social security as everyone else.
In other words he doesn’t impact the program at all, and the failure to manage social security falls solely on politicians who spend the money everyone is adding to it.
Now politicians are blaming musk for the failure of social security when he has nothing to do with it.