Shob

On the path to $1M at age 25 $TSLA $NVDA $PLTR $IREN

[Shob @runningthemodel]

@Fllw_the_light We’re a year away till anything at SW is online and generating revenues. Why does it matter if they get a deal for it now or in 6 months time?

[Shob @runningthemodel]

@the_defi_dad @danroberts0101 @iTzAnthonyNap 1.94bn attributable to Microsoft
500mn at prince george signed to AI native companies
The remaining ~1bn contracted to various AI native companies as part of recent disclosure.
So yes, they have announced all of this stuff already.

[Shob @runningthemodel]

@the_defi_dad @danroberts0101 @iTzAnthonyNap There have already made announcements…

Signed
-a normal dude that follows this company

[Shob @runningthemodel]

@wwrdbruh @EndicottInvests Who are you?
As a shareholder, I don’t like getting diluted to pay a retard that reduces the value of the company. What he said is completely valid.

[Shob @runningthemodel]

@kalevikhq @blockspace Does he have a gun to your head?

[Neel Khokhani @neel_epochal]

Today I sent the attached letter to IREN's Chairman. Four pages.

If you only have two minutes: page 2 imagines the Chair explaining the founders' $800M award over lunch with Warren Buffett. The three asks are at the end, all achievable before our AGM in November.

We are not against this company. We built our positions believing in it. We are asking that the largest award in its history be earned, not merely received.

Read it. Form your own view. November is when it counts.

[IREN @IREN_Ltd]

IREN has signed $2.8bn in new multi-year AI Cloud services contracts with leading AI developers and raised its year-end 2026 AI Cloud ARR target from $3.7bn to over $4.0bn.

“Our vertically integrated AI Cloud platform is scaling at pace. In the past 12 months we have expanded from approximately 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with 1.2GW targeted for 2027, broadening our customer base across hyperscalers, enterprises and AI developers.”

“We are proud to support leading companies building frontier applications across design, physical AI and robotics, generative media, AI search and model development.” - @danroberts0101

Press release: https://t.co/7W3Ze0JThN

[Andrew Wilkinson @awilkinson]

https://t.co/y17nfoH19a

[Shob @runningthemodel]

@FrostByte123456 @IREN_Ltd @mikealfred @danroberts0101 You went 2 for 6. Points 1 & 4 are the only ones I agree with.
The rest are horrible takes, if you are going to have a cry about equity based financing, IREN is not the stock for you.

[Shob @runningthemodel]

@neel_epochal I think that the period we have seen at the moment is probably an outlier. The underlying reason why compute depreciates in value is really more so because GPUs keep improving and get more economically efficient over time.
For that reason, older generations depreciate in value.

[Frans Bakker @FransBakker9812]

$IREN Horizon 1 handover imminent

Satellite imagery confirms that the grounds around the Horizon 1 complex, including data halls, liquid cooling plant, and network core building — have been paved ahead of customer handover.

Furthermore, security has increased, with Microsoft bringing in their own security equipment, including a brand new security booth, which needs to be passed to enter the complex grounds.

If you have any sense of how these projects work, then you realize that these events are the final details of a customer moving in, rather than a construction team moving out.

Do with that information what you will, but shorting @IREN_Ltd ahead of a PR storm of relevant stakeholders, celebrating a 1 out of 4 identical projects successfully being turned into a billing AI factory, sounds pretty irresponsible to me.

Not financial advice ☝️

[Elon Musk @elonmusk]

By “this” he means scamming 🤣🤣

[Shob @runningthemodel]

@TopherGotWifi @mikealfred @IREN_Ltd Haha

[Lando @LandoInvests]

RAISE Day 1 Summary $IREN:

‣ Horizon 1 handover confirmed 19th July
‣ Commisioning H2
‣ MSFT very happy with IREN so far, very hands off. Great partners.
‣ IREN on call with NVDA basically everyday
‣ Deals signed today are even better than 2 months ago.
‣ Pre payments sweetspot now between 25-40 roughly. Some even offering 100%
‣ IREN GB300 NVIDIA EXEMPLAR Cloud certified. Likely announced next week. Only THREE have this right now.
‣ IREN selected with small number for VERA rubin for testing VERY SOON. Unofficially late EOY mass production. Likely early 2027
‣ H5-H6, Sweetwater 1 Vera Rubin
‣ Mirantis deal closing this month is the aim
‣ Semi conductor shortage micron $MU seeing into 2031

h/t: @FinGigawatt

https://t.co/Rx84G8EYzc

[Neel Khokhani @neel_epochal]

Today I published an open letter to David Bartholomew, Chairman of $IREN.
Two requests: an independent review of the 18.2M RSU grant to the co-CEOs — time-vested, no performance conditions, ~5% dilution — and a board-level review of director conduct on this platform.
Written constructively. I'll publish the Board's response with the same prominence.
Full letter below. 👇

[Tsla Chan @Tslachan]

$TSLA
“Tesla is more popular than BMW and Benz in Korea.”

“What? Don't lie!”

“It's true. Look at the numbers!”

[Shob @runningthemodel]

@NicholasStalze1 @SmallCapSnipa The thing to know is that this is around 7 bn in capex that they can finance via loan which brings in a guaranteed 1bn a year for 20 years. Basically a 20 year bond with 7bn principal that they can finance via loan and then yields 1bn a year.
Sounds pretty good to me

[Shob @runningthemodel]

@NicholasStalze1 @SmallCapSnipa Its not an AI HPC deal.
The unit economics for this deal are really good. Around a year ago the same capacity would have been worth around $13-14 billion and now its $19 billion.
The power thesis is becoming harder to ignore.

[Shob @runningthemodel]

@OInvests Doesn’t change my concerns with the board but good news is always appreciated.