Cary Thornton

[Daniel Roberts @danroberts0101]

One of the most common questions we get about AI data centers is how much water do they use?

Fair question. Older designs cooled servers by evaporating water and people naturally assume ours do too. They don't.

$IREN's sites are different. Direct-to-chip liquid cooling in a closed loop. Same idea as a car radiator or a fridge. Fill it once and the water just goes round and round.

Over the life of a 200MW site, the initial fill plus every top-up averages out to about as much water each year as 3 households.

Not a town. Not a suburb. Not a street... 3 houses.

Water matters in the regions we build in. Which is precisely why our cooling barely uses any.

[Cary Thornton @tho17004273]

@bitcoinbutcher1 Thank you for sharing

[Daniel Roberts @danroberts0101]

12 months ago we had ~3MW of self-built AI Cloud capacity. Today: 480MW being delivered this year, $2.8bn in new contracts signed, and our 2026 ARR target raised to $4bn+ with ~85% already under contract.

Demand continues to exceed everything we can build. Recent contracts include customer prepayments covering ~45% of the associated GPU capex, with weighted average contract terms of ~4 years across the portfolio.

Data centers. Compute. Software. The three-layer thesis, executing as written:
https://t.co/VP7KeVpV3F

We're in a good spot. Proud of the team.

[Cary Thornton @tho17004273]

@Holy__Bible1 Amen

[Cary Thornton @tho17004273]

@the_real_mccoyy @Agrippa_Inv @FransBakker9812 @BitcoinAIGuy @bitcoinbutcher1 Dream team cry baby Green and James on same team. They will be flopping together.

[Cary Thornton @tho17004273]

@JUBBAMAYNE @TheBigDegen Biggest Flopping cry baby in the league

[Cary Thornton @tho17004273]

@StockAnalystPro @ViralMuzik1989 @theallinpod @DavidSacks @chamath @danroberts0101 Chamath is a bigger scammer than Alfred
Look at the spacs he did that made him millions at the sake of the shareholders

[Cary Thornton @tho17004273]

@BillBrooklyn10 Stocks

[Cary Thornton @tho17004273]

@andysofff @Agrippa_Inv @scludweed After the game when the coach and the players are talking political views during the interview doesn’t help anyone
Loves travel stops sponsors the Thunder doesn’t make me buy a drop more gas
Don’t even go into the store for a purchase while I’m there

[Cary Thornton @tho17004273]

@IREN_Bull BS

[Cary Thornton @tho17004273]

@Walles85Mert @danroberts0101 @warriors He doesn’t understand the best recognition is based off of accomplishments

[Cary Thornton @tho17004273]

@stocksangchul @danroberts0101 @warriors What a load of BS That Microsoft or nivida make decisions based of of logo on a team that only tries to push there political views at news conferences
Instead of focusing on what they could do to improve their game

[Cary Thornton @tho17004273]

@LandoInvests @danroberts0101 @warriors You seriously don’t have issues with management decisions after this?

[Cary Thornton @tho17004273]

@DavidJPete @danroberts0101 @warriors Well we can only hope this wasn’t the CEOs idea
Whoever he is listening to to make this decision should be fired including Alfred
Completely loosing all respect

[Cary Thornton @tho17004273]

@danroberts0101 @IREN_Ltd @warriors You have completely lost touch with your investor base
Unacceptable to dilute your share holders for this

[Cary Thornton @tho17004273]

@DollarCostAvg We need a whole state of the stadium look what that has done for SOFI Share holders

[Cary Thornton @tho17004273]

@mcF_dan @XCapitalMgmt Problem is the bag holders that bought at highs took the 50% drop waiting for a announcement from Dan saying he was talking with multiple companies daily and they are not back to break even yet after the 100% up move I agree the pieces are coming together but need new highs

[Cary Thornton @tho17004273]

@FransBakker9812 Continuing proof of work should impress the prospective customers more than sphere advertising
That would cover a lot of overtime on what they are currently working on

[Cary Thornton @tho17004273]

@FransBakker9812 I highly value your opinion on this company
My thoughts are that anyone with the ability to do business with them knows who they are and what they offer
The company town halls are great for educating the community on the company

[Cary Thornton @tho17004273]

@FransBakker9812 So you’re saying Dan is just blowing smoke when he is making statements about all the prospective customers he is meeting with daily?
Them knowing they are going to do the majority of the business with the government makes the advertising spend even worse