Yug J. Singh

supply chain tech consultant & investor
tennis • range shooting • swimming • travel

[Shay Boloor @StockSavvyShay]

Fed Chair Kevin Warsh says AI will drive the next phase of economic growth calling the surge in high-tech capex “remarkable.”

He added that output, productivity and labor markets remain solid with bond and Treasury markets reflecting the same resilience.

[Shay Boloor @StockSavvyShay]

$IREN releases “What Will You Build Next?” showcasing the infrastructure behind AI agents and applications.

The video highlights $NVDA DGX racks across its North American, European and Australian footprint.

[Yug J. Singh @yugjsingh]

@moinvests28 BlueBird 11 sitting fueled at the Cape. 12 and 13 already rolling in from Midland. Orbital launch window is closing in. I’m bullish on $ASTS, feels like a big run is coming.

[Yug J. Singh @yugjsingh]

Scale math matters here: 75MW isn’t “small,” it’s a live proof point. If $IREN can deliver at Childress on schedule while others slip 12-18 months, that execution gap is the story, not the megawatt number by itself.

[Julian Ciccale @jciccale]

$IREN is about to deliver 75MW of liquid cooled GPUs.

Whole Childress? 10x that capacity.

Whole IREN? Easy 100x that capacity

75MW sounds small right? Well do the work and the math, and check how "small" 75MW is...

[Yug J. Singh @yugjsingh]

@InvestifyDaily 🤜🤛

[Yug J. Singh @yugjsingh]

@moinvests28 Perfect buying opportunity

[Brian Fry @brianfry01]

@TMarketLetter It appears your research on IREN may have been somewhat surface-level, or perhaps you’re newer to this space. Many of us, including Co-CEO @danroberts0101, have shared extensive historical context showing how IREN was well prepared for the emerging AI Sovereign AI Factory landscape.

My connection: IREN acquired my company, PodTech, in January 2020 to bring deep expertise in building HPC/AI data centers for an AI-driven future. Bitcoin mining was always intended as a means to an end for IREN.

No other Bitcoin miner invested as much or as early in advanced, flexible data center infrastructure. No other sold all its Bitcoin daily to reinvest and accelerate growth the way we did. No other secured such extensive land and power resources so far ahead of the curve. No other had a true optionality plan built in from the start. And no other ensured its CTO brought deep expertise in Cloud and Infrastructure-as-a-Service with a strong focus on data sovereignty. (Denis Skrinnikoff was a top technical talent at RackForce, which I also co-founded.)

IREN’s design, strategy, acquisitions (such as Mirantis), and partnerships (with Nvidia and Dell) position it for exponential growth. In contrast, most other Bitcoin miners didn’t prepare at the same level and will likely be limited to more linear growth by leasing land and space. In my opinion, with 25+ years in this space, this positions IREN for a potential market cap tens to hundreds of times larger within just a few years.

Not Financial Advice

[Yug J. Singh @yugjsingh]

@StockOptionCole @StockOptionCole, what’s your take on buying the $CRWV dip?

[Yug J. Singh @yugjsingh]

@InvestorDenis I am bullish on $NOW and $SOFI from your list Denis

[Yug J. Singh @yugjsingh]

@TekuTrader Bullish on $NOK and $ASTS

[Elon Musk @elonmusk]

@KHdimples @wholemars @Tesla_AI This functionality will be there in about 3 months or so

[Yug J. Singh @yugjsingh]

@InvestorDenis Gotcha, thanks 🙏🏻

What's your take on other quantum computing stocks? Which one is at the top of your list right now, and what entry price are you watching?

[Yug J. Singh @yugjsingh]

Something about rockets and stock charts both pointing up… $ASTS 👀

[SpaceX @SpaceX]

Liftoff!

[Jim Liu @jiahanjimliu]

$IREN: Tracking Revenue

For $IREN, deals follow servicing of current contracts which revenue is a lagging indicator for. For tracking of $IREN day to day the best is @FransBakker9812. @FransBakker9812 is to $IREN as @SawyerMerritt is for $TSLA.

1. Tracking for building 1 of H1 to be handed over in 1-2 weeks.
2. Building 2 mid July.
3. Building 3 late July.
4. Networking core for tying B1-3 of H1 together in Mid August.
5. Each Horizon has 3 buildings. 4 Horizon makes up 1.94B ARR for Microsoft Contract.
6. Pending GPU delivery, H1 is the slowest and H2-H4 will be faster as system bring up is slowest on first Horizon and first building by a magnitude of what I estimate of 2x between first and second Horizons and then decaying after that.

H1 will be 121m quarterly pro-rated for mostly August/Sept to be ~80m + 125m Prince George for showing up on Q3 earnings release in October. This will be ~205m and in range of ~227.7m $NBIS delivered in Q4 2025 earnings. From this metric we are 3 quarters behind $NBIS in ramping when measured by revenue.

For Q2 earnings release in August, $IREN will mostly rely on Prince George ~125m - 10m/20m (minus last few GPUs that arrived later in April) and sliver of H1. The good thing is that we will be able to announced handover of H1.

Market only gives credibility for partnerships, deals, and MWs once $IREN has established record of converting it to revenue. Escape velocity will be around 1B ARR which I believe will be almost be hit by Q3 earnings in October. 1B ARR is not a 0/1 but spectrum. Until we establish revenue credibility, institutions won't buy us and market makers will whiplash us back and forth. A SW1 deal will also lend credibility but I also think that's more likely fall.

[Jim Liu @jiahanjimliu]

The bottleneck $IREN needs to overcome.

Having higher priority on GPUs via Nvidia Partnership will be critical for IREN. Unfortunately, 2026 GPUs are all allocated.

You can see here that used A100/H100/H200s are sold out with a backlog.

$IREN has secured GPUs for 3.7B ARR exiting 2026 but they are all coming later in each quarter.

[Yug J. Singh @yugjsingh]

@ZeekTyt @grok Data centre campus plan in south AUS is really gonna push it to 100 soon. Maybe next week? Haha

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Most $IREN investors don't yet grasp how profitable the 60 MW $NVDA deal actually is.

Despite being just 20% of the MW capacity, it yields more cumulative net income than the 300 MW $MSFT agreement.

This is a direct result of $IREN locking in stronger terms.

Now that $IREN is quickly establishing itself as one of the premier cloud providers with the deepest pipeline in the industry, I expect future deals to land at similar profit margins.

Considering the price action since last earnings, the market clearly hasn't priced that in yet.