$IREN (-9,15 %)
$BTC (-2,35 %)

$IREN (-9,15 %) started earlier than its competitors. The potential is incredible in the truest sense of the word.

"We own the entire stack - land, electricity, substations, data centers and computers. We don't lease anything. This means lower costs, higher performance and long-term reliability. Currently, GPUs consume less than 2% of our total energy portfolio."

CEO & Founder Daniel Roberts

$IREN (-9,15 %) Vertical DC integration

What does the vertical integration of data centers mean for $IREN (-9,15 %) ? We take a look at this article from DataXConnect: " $NBIS (-5,26 %) will be a DataOne tenant for the next 10 years" (1). $NBIS (-5,26 %) provides the designs for the construction by DataOne. DataOne owns power, land, substations, transmission infrastructure, backup power generation and facility operations!

$NBIS (-5,26 %) pays colocation to DataOne! The 3.7 billion that Google/Fluidstack $WULF (-3,62 %) pays for 200 MW (2)? The 3 billion that Google/Fluidstack pays $CIFR (-8,23 %) pays for 168 MW (3)?

$NBIS (-5,26 %) DataOne is paying around 5.45 billion for their 300 MW. It is probably more, as DataOne has significantly more influence than $WULF (-3,62 %) / $CIFR (-8,23 %) as DataOne/BSO operates 240 data centers worldwide; for comparison: $EQIX (-1,43 %) (75 billion mcap) has 270 data centers. In addition, DataOne has additional capital expenditures for gas turbines behind the meter and will likely pass at least some of the costs on to $NBIS (-5,26 %) pass on. For $IREN (-9,15 %) which has already paid most of these costs at lower prices, this is largely pure margin!

From the Neoclouds $ORCL (-3,03 %) , $CRWV (-5,69 %) , $NBIS (-5,26 %) , $IREN (-9,15 %) . Is $IREN (-9,15 %) the only ones who own their own land, power, data centers and electrical infrastructure! $CRWV (-5,69 %) was lucky and signed a contract with $CORZ (-0,48 %) when $CORZ (-0,48 %) was on the verge of bankruptcy. He also secured $ORCL (-3,03 %) Crusoe's electricity when Crusoe failed at Bitcoin mining. $CRWV (-5,69 %) at least recognizes the weakness and tries to $CORZ (-0,48 %) to buy up.

1) https://dataxconnect.com/insights-dataones-new-300mw-data-center-with-nebius-signals-americas-insatiable-appetite-for-ai/

2) https://investors.terawulf.com/news-events/press-releases/detail/112/terawulf-signs-200-mw-10-year-ai-hosting-agreements-with

3) https://investors.ciphermining.com/news-releases/news-release-details/cipher-mining-signs-168-mw-10-year-ai-hosting-agreement/

$CIFR (-8,23 %)
$CRWV (-5,69 %)
$NBIS (-5,26 %)
$GOOGL (-3,4 %)
$GOOG (-3,33 %)
$MSFT (-3,3 %)
$META (-5,02 %)
$ORCL (-3,03 %)
$NVDA (-6,14 %)
$WULF (-3,62 %)

$BTC (-2,35 %)
$ETH (-4,78 %)

For those who are interested:

https://bitcointreasuries.net/

Entities holding >100 ETH in their treasury:

https://strategicethreserve.xyz/

$BMNR (-10 %)
$SBET (-7,29 %)
$MSTR (-7,17 %)
$SWC
$3350 (-2,4 %)
$CLSK (-6,94 %)
COIN (-9,55 %)
$MARA (-9,81 %)
$RIOT (-7,91 %)
$BTBT
$ETHM (+23,01 %)
$CORZ (-0,48 %)
$BTDR (-12,96 %)
$GLXY (-7,67 %)
$CIFR (-8,23 %)
$IREN (-9,15 %)
$DJT (-7,26 %)

$IREN (-9,15 %)

A large part of the investment thesis of $IREN (-9,15 %) is linked to the company's ambitious expansion into the fast-growing AI/HPC sector.

While $IREN (-9,15 %) Bitcoin mining yields remain exceptional, performance in this segment is heavily influenced by factors outside of the company's control - namely price, network difficulty and ASIC prices. $BTC (-2,35 %) -price, network difficulty and ASIC prices.

Today's demand for AI computing power is only a fraction of what will be needed.

The reasons are:

- AI switches from text to real-time video, 3D and full scene understanding

- AI co-pilots integrated into every productivity and development tool

- Autonomous robots, vehicles and smart factories

- AI-generated content on a large scale: ads, movies, virtual worlds

- Constant retraining of boundary models, 100 times more computationally intensive

Access to AI computing power and related infrastructure will be critical for major tech companies to defend and grow their multi-billion dollar valuations. These players are outbidding each other, not only to secure capacity, but also to prevent others from obtaining it. Whoever controls the most computing power capacity and supporting infrastructure will gain a massive advantage over the other.

We have already seen this in the race for $NVDA (-6,14 %) chips, the biggest bottleneck in the AI value chain today. But this bottleneck is shifting as computing capacity becomes increasingly constrained by access to AI-optimized energy infrastructure.

And here, in my opinion $IREN (-9,15 %) that has more than 3 GW of AI-optimized infrastructure will benefit. It takes time to build, contracts for infrastructure and power connection contracts are becoming more difficult, and the land and locations required are becoming more expensive, $IREN (-9,15 %) has recognized this early on.

Increase in hash rate since 2023:

$IREN (-9,15 %) available today with $IREN (-9,15 %) AI Cloud has $NVDA (-6,14 %) H100 and H200 GPU clusters.

These clusters are powered 100% by renewable energy.

$MARA (-9,81 %)
$CLSK (-6,94 %)
$BTC (-2,35 %)
$MSTR (-7,17 %)
$RIOT (-7,91 %)
$CRWV (-5,69 %)
$META (-5,02 %)
$AMZN (-5,92 %)
$GOOGL (-3,4 %)
$NVDA (-6,14 %)
$MSFT (-3,3 %)
$WULF (-3,62 %)
$CIFR (-8,23 %)
$CORZ (-0,48 %)
$BTDR (-12,96 %)

$IREN (-9,15 %)
$HUT
$HUT (-8,27 %)
$CLSK (-6,94 %)
$CORZ (-0,48 %)
$BITF (-0,84 %)
$HIVE (-7,64 %)
$WULF (-3,62 %)
$RIOT (-7,91 %)
$MARA (-9,81 %)
$BTDR (-12,96 %)
$BTC (-2,35 %)

$IREN (-9,15 %) 🚀

Revenue growth in AI cloud services could be a harbinger of much larger AI data center deals.

$IREN (-9,15 %) is fast becoming a force to be reckoned with in the data center industry. There are only a handful of developers with > 1 GW of secured power - let alone close to 3 GW!

Very exciting company and KBV Friday ≤ 1

$IREN (-9,15 %)
$BTC (-2,35 %)

IREN Limited, formerly Iris Energy Limited, is an Australian-based company that owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services and other power-intensive computing. The mining data centers are located in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security for the Bitcoin network. Al Cloud Services provides cloud compute for Al customers, 1,896 NVIDIA H100 and H200 GPUs. The Canal Flats facility is located in the Canadian Rocky Mountains, 100 kilometers (km) from Cranbrook Regional Airport and 500 km east of Vancouver. Its facility is located in Prince George, the city in northern British Columbia, 500 km north of Vancouver. The facility is located in Childress County, Texas, more than 250 miles northwest of Dallas and in close proximity to several wind and solar power plants in the region. The company operates 200 MW of data centers in Childress.

I have put together a few interesting graphics here and I would be interested in your opinion of the company.

@stefan_21
@Testo-Investor Have you already dealt with the miners, what do you think of $IREN (-9,15 %) ? I would be interested to know ✌️

All- In Cash Cost per $BTC (-2,35 %) :

$IREN (-9,15 %) Record-breaking growth in hash rate

In the year 2024 $IREN (-9,15 %) set a new industry record for the fastest growth in operating hash rate (EH/s) in a single year among the $BTC (-2,35 %) -miners, surpassing 400%.

$IREN (-9,15 %) also held the previous single-year growth record of 350% in 2023.

Graphic: @Agrippa_Inv from 𝕏

According to VanEck, switching from BTC mining to an AI data center of just 20% for $IREN would be worth a capitalization of $6,571,000,000.

Despite $BTC (-2,35 %) halving , $IREN achieved an impressive annual production growth of 55% - the highest growth rate among all public $BTC miners in 2024.

Graphic: @Agrippa_Inv from 𝕏

$CORZ (-0,48 %) , $MARA (-9,81 %) , $RIOT (-7,91 %) , $BITF (-0,84 %) , $CIFR (-8,23 %) , $CLSK (-6,94 %) , $WULF (-3,62 %) ,

https://iren.com/