LoginSignup
image de profil
BamBamInvest
@BamBamInvest
1Sem.·

Irish reports monthly update from June

$IREN (-0,96 %)

attachment


Important milestones:


- Record total sales: 68 million US dollars

- Record profit in the hardware segment: 51

million US dollars

- Self-reduction target of 50 EH/s achieved

- AI Cloud expanded: ~2.4k NVIDIA Blackwell GPUs added (1.3k B200 + 1.1k B300)

- Convertible bond offering: 550 million US dollars, oversubscribed


🚀

attachment
image de profil
BamBamInvest
@BamBamInvest
2Sem.·

IREN is pleased to announce the expansion of its AI Cloud business 🚀

attachment
attachment
attachment
15
29 Commentaires
image de profil
Olli@Olli68
1Sem.
You seem to be a bit bullish.
•
3
•
image de profil
BamBamInvest@BamBamInvest
1Sem.
@Olli68 In any case 😂 , I'm excited to see what the future holds 😁
•
2
•
image de profil
D.S.@Cato_Bamboo
1Sem.
Is this all good for the share price and our returns?
•
2
•
image de profil
BamBamInvest@BamBamInvest
1Sem.
@Cato_Bamboo in any case 😁, although we are slowly becoming somewhat overbought. All we need here is a colocation deal for the 🚀 to ignite further, but there could now be a setback/correction in the summer. Let's wait and see, it's already gone pretty well.
••
image de profil
Michey777@Michey777
1Sem.
No really new news. What I found more interesting was the article on Yahoo Finance that many institutional investors are buying. I'm curious to see what happens when a big cloud contract is announced.
•
2
•
Luca@value_visionary_211
1Sem.
Unfortunately missed entry at around 11-12€. In the meantime some Fomo kicks in haha😂
•
1
•
image de profil
Olli@Olli68
1Sem.
I'm not that much of a tech freak. What do they do differently from Coreweave? Maybe someone can explain it to me simply. As I said: simple.
•
1
•
image de profil
BamBamInvest@BamBamInvest
1Sem.
@Olli68 I haven't dealt with Corewave extensively yet, but Corewave would be a hyperscaler and e.g. a potential customer of $IREN. $IREN already has the infrastructure, the power contracts etc. in its pocket, is the owner and has capacities which it would then make available to a hyperscaler in the form of a colocation deal. This capacity will be needed at some point and will continue to be expanded. You don't build something like this overnight and they also operate it partly with alternative energies. Perhaps at some point like a large Reit in the AI data center sector. And until then, they will continue to use the capacities to mine $BTC. I hope that was simple enough and correct on my part. As I said, I haven't looked at Corewave extensively, and in terms of valuation they are also a lot bigger than $IREN, which is what I'm seeing right now. The simple explanation should look something like this. 😁
•
1
•
image de profil
Nova@Nova_portfolio
1Sem.
@Olli68 $IREN still mines $BTC (and sells them immediately) but now will pivot more of their hardware towards AI/cloud computing. They use cheap solar/wind to power their data centers. $CRWV did start out as a mining company but switched to AI/cloud computing only a couple of years ago.
•
1
•
image de profil
BamBamInvest@BamBamInvest
1Sem.
@Olli68 The main difference to Coreweave is that they do not have their own self-built data centers. That's why $CRWV also has to buy in, which they have now done with $CORZ.

$CORZ was acquired with 1.3 GW for USD 9 billion from $CRWV

$IREN has over 3 GW and a market capitalization of USD 4 billion
🤔
•
1
•
image de profil
Investment_Inka@Investment_Inka
1Sem.
@BamBamInvest $CRWV bought $CORZ as they already used a large part of their infrastructure as a customer. Instead of transferring money monthly, it was probably cheaper to pay money once for the purchase.

Nevertheless, it's nice to see the comparison, which shows that there is still significant potential in the valuation of $IREN. 😊 I am and will remain invested. A rising Bitcoin also helps with this decision. 👍🏼
••
image de profil
lookingforinformation@lookingforinformation
1Sem.
But what is happening right now? $IREN
••
image de profil
Michey777@Michey777
1Sem.
@lookingforinformation probably due to the $CORZ takeover. Are pre market also -20%
••
image de profil
lookingforinformation@lookingforinformation
1Sem.
@Michey777 do you mean because they are strong competitors or where is the connection between IREN and Core?
••
image de profil
BamBamInvest@BamBamInvest
1Sem.
@lookingforinformation ne $IREN simply went well, what should have happened there, we are heavily overbought, can't always just go up.
••
image de profil
lookingforinformation@lookingforinformation
1Sem.
What do you think will happen at 15:30? Up or further down?
••
image de profil
Michey777@Michey777
1Sem.
Final takeover at $9 billion valuation. The market probably expected a little more. That's why everyone else is being priced out a little. $CORZ is valued at just under $20 per share, but is not a cash deal, but a swap to $CRWV.
••
image de profil
BamBamInvest@BamBamInvest
1Sem.
@lookingforinformation This is actually a good sign, because it shows that capacity is needed and $IREN has far more capacity than $CORZ and shows how undervalued $IREN actually is. 😁 Wait and see, drink tea and be patient. When $IREN announces a colocation deal with a hyperscaler, things will take off. At least that's my opinion and expectation.
••
image de profil
Michey777@Michey777
1Sem.
@BamBamInvest has nothing to do with overbought. When the first $CORZ takeover rumors came out, $IREN also made a move. That's just the way it is when you put a price on AI Revenues
••
image de profil
Michey777@Michey777
1Sem.
••
image de profil
BamBamInvest@BamBamInvest
1Sem.
@lookingforinformation Who knows, but since we are quite overbought, we are more likely to go down. A healthy cooling off would do no harm.
••
image de profil
BamBamInvest@BamBamInvest
1Sem.
@Michey777 but 9 billion is still a lot more than the market capitalization of $IREN and $CORZ has less capacity 😁
••
Voir toutes les 7 autres réponses
Participez à la conversation
S'inscrireConnexion