So many people gave up on $IREN over the past several months, right before it looks ready to rip faces off on a move toward $100+.
In fact, I currently have this next leg higher measuring to roughly $106–$124.
Price is now in a clear uptrend of higher highs and higher lows while reclaiming and holding key support levels.
The daily RSI also looks primed for a major expansion move from here.
Patience is often rewarded the most right before the crowd gives up.
$IREN could 4x by next year for these reasons:
1. Sweetwater 1 (1.4GW) was energized on time.
2. The company doubled its power capacity (2.9GW to 5.8GW; now the largest neocloud in the world surpassing $CRWV and $NBIS)
3. Announced building Oklahoma (1.6GW) data center.
4. Announced its first data center in Australia (800MW).
5. Raised its ARR from $3.4B to $4.4B.
6. Acquired Mirantis, a strategic partner of $NVDA.
7. Announced its expansion in Europe.
8. Announced its strategic partnership with $NVDA to accelerate deployment of up to 5GW of AI Infrastructure.
9. Signed a $3.4B deal with $NVDA.
10. $NVDA to invest up to $2.1B in $IREN (still an option conditional upon deployment of 600K GPUs.)
11. Sweetwater (2GW) selected as a flagship deployment for $NVDA DSX AI factory architecture.
12. Disclosed having a global pipeline.
By the way, IREN announced an 800 $MW data center expansion in Australia last Friday. Likely partnership with either $MSFT & $ANTHROPIC .
The broader market environment wasn’t favorable, so the news didn’t get the attention it deserved.
At current levels, $IREN appears significantly underpriced and undervalued, especially considering its projected $4.4 billion ARR opportunity. The market does not seem to be fully pricing in the scale of its growth potential.
People don't realize how significant this is for $IREN.
IREN just signed the transmission agreement for its first Australian data center campus: 800MW in Bundey, South Australia. One of the largest projects announced anywhere in APAC. The market hasn't priced in what this actually means.
1/ Land nobody else has.
Australia is enormous and mostly empty. You can build at hyperscale without sitting on top of a population center. In Europe and the US, data centers keep getting delayed or killed outright, mostly because communities protest and don't want them nearby. In the outback, that resistance doesn't exist.
2/ Power is the real bottleneck, and they solved it
The site sits in a hot, dry region similar to Texas, which the industry already favors. But the energy story is the kicker. South Australia is targeting 100% net renewable energy by 2027. Abundant clean power is exactly what AI compute runs on, and most operators are fighting for it everywhere else.
3/ This is a renewable energy story too
A project generating this much demand for clean power pulls forward serious investment into wind, solar, and the grid itself. The data center and the renewable buildout reinforce each other. Both sides win, and the whole region benefits.
4/ Stability is underrated
Australia is one of the safest, most stable countries on earth. No conflict, no political risk hanging over the asset. When you're building infrastructure meant to run for decades, that security is worth a premium.
5/ Wired into Asia
The campus has submarine fiber running straight into Singapore, Indonesia, South Korea, and Japan. So it isn't isolated in the desert. It's connected directly into the fastest-growing AI demand centers in the world.
6/ The government is behind it
South Australia's Premier, Peter Malinauskas, came out directly backing the project, pointing to the state's renewable leadership, record investment in higher education, and the appointment of the nation's first dedicated Minister for AI. You cannot build at this scale without the state working with you instead of against you. They want it.
Bottom line:
> Land.
> Clean power.
> Stability.
> Connectivity into Asia.
> Full government support.
Australia is shaping up to be one of the best places on the planet to build AI infrastructure, and IREN is planting its flag there first.
$BMNR preferred is what $STRC couldn’t be, its lower yield is also offset by the staking yield, effectively around 6% vs 12% as well.
It also allows for derisking on the rewards side that has been an issue on the clarity act side.
A way to get more shareholder value.
That said $ETH will still have to perform.
$ETH is doing the unthinkable.
It's been perfectly back-testing this Gaussian Channel (after flipping green) for 4 days in a row.
It's obvious what $BMNR is about to do.
Watching closely, don't miss out!
Today, my wife and I bought 100,000 more shares of $OPEN. I don't look at the stock price that frequently. I did today and I thought it was worth my family becoming even more invested in Opendoor.