malector

[malector @malector1]

https://t.co/Tq2FU68fy4

[Amonyx @amonyx]

JACK DORSEY: $XRP will be worth more than $20 by the end of April.

[Black Panther Capital @BlackPantherCap]

$IREN at $45: The setup everyone's missing while waiting for "The next deal".

Seeing so much impatience in $IREN replies lately.

Stock went from $70 ATH to $30, recovered to $45, and now everyone's sitting around waiting for "the next Microsoft deal."

Meanwhile, they're COMPLETY MISSING what's actually happening:

Microsoft didn't pay $9.7 BILLION over five years because they're uncertain about AI demand.

Think about what that deal actually means:

$MSFT is literally PRE-PAYING for GPU capacity that doesn't even exist yet.

They're not buying chips from $NVDA. They're buying POWER + INFRASTRUCTURE + LIQUID-COOLED DATA CENTERS.

Why? Because they've done the math:

• You can order 100,000 H100s from Nvidia tomorrow
• But you CAN'T build a GW data center in 6 months
• It takes 3-5 YEARS to get power infrastructure built
• And you need liquid cooling for Blackwell (120-140kW per rack)

The Microsoft deal uses only 10% of IREN's 4.5GW secured power capacity.

Let me repeat that.

They signed a $9.7 BILLION contract using 10% of their total capacity.

That means they have 90% MORE room to sign similar deals AFTER Microsoft.

The real constraint isn't GPUs, it's POWER:

BlackRock literally said it themselves: "The real constraint isn't chips, it's LAND and ENERGY."

$IREN controls:

> 4.5GW of secured power (largest in the sector)
> 100% renewable energy (ESG moat for hyperscalers)
> Freehold land with grid connections already built
> Liquid-cooled infrastructure ready for GB300/Blackwell Ultra

You can't just "build more power" in 6 months. This takes YEARS.

Meanwhile AI compute demand is exploding and every hyperscaler needs capacity NOW.

While competitors lease space from third-party colos, $IREN owns the entire stack:

• Develops greenfield sites
• Engineers high-voltage infrastructure
• Operates proprietary liquid-cooled data centers
• Owns the GPU fleet (high margin GaaS model)

This isn't colocation. This is vertically integrated cloud infrastructure.

Childress: The 750MW AI Flagship

Phases 1-4 (500MW): Fully operational supporting 50 EH/s Bitcoin mining.

Horizon 1-4 (200MW IT load each): Liquid-cooled facilities supporting 200kW per rack.

The Horizon series is specifically engineered for NVIDIA GB300 Blackwell Ultra—the exact chips Microsoft needs for 100MW superclusters.

Traditional data centers struggle above 20kW per rack. IREN does 200kW per rack.

That's a 10x density advantage.

Sweetwater: The 2GW Hyperscale Monster

While everyone obsesses over the Microsoft deal, Sweetwater is quietly becoming the most important site:

• 2GW+ of secured grid connections
• 6ms latency to Dallas (critical for AI inference)
• 200+ days of free cooling per year (massively reduces PUE)
• Multiple high-bandwidth fiber paths

Sweetwater 1 (1.4GW): Substation energization April 26
Sweetwater 2 (600MW): Energization late 27

This is hyperscale infrastructure on par with anything $AMZN or $GOOGL operates.

Here's what bears don't understand:

Management just paused mining expansion at 50 EH/s because the risk-adjusted returns on liquid-cooled AI data centers are BETTER than additional ASIC deployments.

That's capital discipline, not weakness.

The revenue:
> FY24: $187M revenue
> FY25: $501M revenue (168% growth)
> Q1 FY26: $240M revenue (355% YoY growth)
> AI Cloud revenue in Q1 FY26: $7.3M

That number is going from $7M → hundreds of millions as the 140,000 GPU fleet scales through 2026.

Target ARR by end of 2026: $3.4 BILLION

That's not speculation. That's contracted revenue from Microsoft + Together AI + Fluidstack.

The GPU setup:
> Current fleet: 23,000 GPUs
> Target fleet: 140,000 GPUs by end of 2026

How they're funding it:

20% upfront prepayment from Microsoft ($1.94B)

$3.6B asset-backed GPU financing (below 6% interest rate)

Zero equity dilution or high-yield debt for the buildout

That prepayment covers 95% of initial GPU CapEx.
Microsoft is literally paying $IREN to build the infrastructure Microsoft needs.

The valuation disconnect:

At $3.4B ARR with 85% EBITDA margins (per management guidance): EBITDA: ~$2.89 BILLION annually

At 15-20x EBITDA (STANDARD for infrastructure):

> Market cap: $43B - $58B
> Current market cap: ~$13B

From $45/share, that's 5-6x upside if they execute.

And remember: the $3.4B ARR target ONLY uses 10% of their 4.5GW capacity.

What happens when they announce deal #2? Deal #3?

Each additional hyperscaler contract; $AMZN, $GOOG, $META could add BILLIONS more in ARR.

At the moment it's like everyone's waiting for the next deal announcement instead of realizing what they already have:

> $9.7B Microsoft contract (5 years of revenue visibility)
> $2.8B cash on hand (no liquidity risk)
> 4.5GW secured power (90% unutilized)

50 EH/s mining generating ~$588M EBITDA annually

Path to $3.4B ARR by end of 2026

The "next deal" isn't the catalyst. Execution on the existing backlog is.

As the 140,000 GPU fleet comes online through 2026, revenue will scale from hundreds of millions to BILLIONS.

THAT's when the market re-rates this from "Bitcoin miner" to "AI infrastructure platform."

And no, of course, this isn't risk-free:
> ERCOT grid regulation changes
> Construction delays (building 2GW is massive engineering)
> Technology obsolescence (Blackwell → Rubin risk)
> Execution risk (scaling from $500M to $3.4B ARR)
> Transformer delivery delays

But here's the thing:

The Microsoft contract is FIVE YEARS with prepayment protection.

Even if newer chips come out, Microsoft is locked in paying for capacity regardless of hardware cycles.

The bottom line:

> $IREN at $45.
> 2026 ARR target: $3.4B
> Only 10% of power capacity utilized)
> Cash: $2.8B (fully funded through buildout)
> EBITDA potential: ~$2.89B (85% margins on AI cloud)
> Bitcoin mining: ~$588M annual EBITDA (cash flow)
> Power capacity: 4.5GW secured
> 90% available for future deals

The market is pricing in execution risk.

I'm pricing in the fact that $MSFT, $META, $GOOGL, $AMZN are in a literal arms race for GPU capacity and there are only a handful of companies globally that can deliver gigawatt-scale, liquid-cooled infrastructure.

$IREN is one of them.

The Microsoft deal wasn't a one-time event. It was proof of concept that $IREN's vertical integration model works at hyperscale.

-BP

Note: This is NOT financial advice.

[JackTheRippler ©️ @RippleXrpie]

🚨IT'S OFFICIAL: President Trump and Sec. Scott Bessent are ready to sign the CLARITY ACT into law!

$RLUSD 🤝 #XRP

[Dan 🤖🌥❤️ 🚀 @mcF_dan]

$IREN is an extreme asymmetric bet into the tokenized economy. When they pull off what they are planning for their 4.5GW contracted power, this is a 5-year investment that will retire bloodlines.

[unusual_whales @unusual_whales]

Google, $GOOGL, CEO said that they don't know how AI is teaching itself skills it is not expected to have.

[JackTheRippler ©️ @RippleXrpie]

🚨HUGE: Brad Garlinghouse - CEO of @Ripple, introduced Ripple and #XRP at the Banking Committee. 🇺🇸

Ripple is on the verge of transforming into a National Trust Bank. The Golden Age is upon us! 🐦‍🔥

[investing @DollarCostAvg]

$IREN BUILDING ONE OF THE LARGEST HIGH VOLTAGE SUBSTATION DATA-CENTER IN THE USA 🇺🇸.

I PUT MY MONEY ON DAN.

ALWAYS DELIVER BEFORE DEADLINE! ✅

[malector @malector1]

@TheCryptoSquire I want guide !

[John Squire 🇺🇸 @TheCryptoSquire]

🚨 RUMOR ALERT 🚨

Ripple could deploy $11B to acquire Circle, in a bold move to outbid Coinbase. $USDC

That would put the second-largest stablecoin under Ripple’s control and reshape crypto payments in the U.S. 💥🇺🇸

If this happens, it’s not bullish.
It’s game over. $XRP 👀💥

[Ripple @Ripple]

The future of regulated digital assets payments in the UK has arrived! 🇬🇧

Ripple has officially secured approval of both an EMI license and Cryptoasset Registration from the UK's FCA.

Who better to explain what it means than our UK and Europe Managing Director @CraddockCJ.

https://t.co/QWz8rTa0i0

[Amonyx @amonyx]

🚨 BOOOOOOOOOOOOOOOM 🚨

AWS and Ripple explore Amazon Bedrock integration with the $XRP Ledger

[Anticommie @QueenAnticommie]

Great story! Thankful for good people like this!

[Ripple @Ripple]

Ripple Prime breaks ground in the US today with the launch of digital asset spot prime brokerage capabilities – allowing clients to execute OTC spot transactions across the most prominent digital assets and stablecoins, including $XRP and $RLUSD. https://t.co/zTYb4MrPX4

[Sahil @0xMassey]

How bullish are you on $TON memes?

[CWICK @Cmoney365247]

On Friday I moved 50% of my port into $ETH in anticipation of positive China trade headlines ahead of Trump x XI meeting this week. Those positive headlines just came out..

Looks like I’ve made another great market decision. 🦾😤🔥🎯

[XRP Update @XrpUdate]

IT’S HAPPENING‼️

THE RIPPLE REVOLUTION IS UNDERWAY 💥

[Brad Garlinghouse @bgarlinghouse]

Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of GTreasury.

The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first started for exactly these reasons – the infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies.

Astounding amounts of cash are trapped in outdated payments systems, creating friction, unnecessary costs, and barriers to entering new markets. GTreasury has been serving some of the most well known brands for decades – and now together with Ripple, we’ll be able to help CFOs manage all their assets, include stablecoins, tokenized deposits, etc at scale around the world, as well as put their idle capital to work with repo markets via Hidden Road.

The opportunity is here, and we’re diving right in. It’s happening!

https://t.co/GCXS6QqNqt

[malector @malector1]

@Samthepavingman @XrpUdate Don’t worry … it’s a good coin to have

[investing @DollarCostAvg]

KNOW WHAT YOU OWN AND BE PATIET !

$CIFR is set to be a massive winner.
AI demand is skyrocketing — and the real bottleneck isn’t chips, it’s energy. Heard on NPR today: the next frontier of AI is power.

Cipher ($CIFR) already has power grid access and ultra-cheap secured sites. Another contract is rumored for October — could send it straight to the $30s range.

Electricity bills are doubling because AI compute is exploding. Cipher is perfectly positioned for this new energy era. ⚡️🚀

$nbis $nvda $iren $alab $crwv $frmi $msft $orcl