$IREN (-1,72%)

A large part of the investment thesis of $IREN (-1,72%) is linked to the company's ambitious expansion into the fast-growing AI/HPC sector.

While $IREN (-1,72%) 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 (-2,17%) -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 (+4,98%) 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 (-1,72%) 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 (-1,72%) has recognized this early on.

Increase in hash rate since 2023:

$IREN (-1,72%) available today with $IREN (-1,72%) AI Cloud has $NVDA (+4,98%) H100 and H200 GPU clusters.

These clusters are powered 100% by renewable energy.

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$3350 (-8,11%)
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Following the purchase of 1,234 additional BTC, the Japanese company now holds $3350 (-8,11%) now holds 12,345 Bitcoins, overtaking Tesla's 11,509 BTC. This makes the company the seventh largest corporate holder. The company plans to reach 210,000 BTC by 2027. $BTC (-2,17%) by 2027. $MSTR (-1,03%) continues to lead with 592,345 BTC.

Why you are always dumping😂

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#investeren
#bitcoin
#crypto
#stocks
#aandelen
#miners
#meneervermogen

Some time ago I introduced you to my little $BTC (-2,17%) desktop nerdminer with a computing power of 77,000 hashes per second:

https://getqu.in/gWKxbn/

Today my desktop got a little update and... I don't want to brag, but $MARA (-0,63%) and co. can pack their bags!

From now on I'm also serious in the mining business! With my Bitaxe Gamma and a computing power of over 1.3 TH/s, it won't be long before I find the next $BTC (-2,17%) find the next block😎

Joking aside, I've bought myself a new toy. The Bitaxe Gamma achieves around 1.3 to currently even 1.6 TH/s, is equipped with a BM1370 ASIC chip (from the Bitmain Antminer S21 Pro) and comes with an energy efficiency of approx. 15W/TH, which is already very strong compared to other devices.

How much Bitcoin do I earn with it now?

Very probably exactly 0!

I just let it run on the side and hope to find a valid block on my own.

That would currently earn me 3.125 BTC + the transaction fees🤑

The probability of this happening is currently around 1:4 million per day. If you consider that you have a 1:140 million chance of winning the lottery once a week, lottery mining is a lot more promising! But of course you can also talk yourself into it😂

Apart from the mini chance of winning a block, what other advantage does this have?

Well, you actively promote the decentralization of the network - and besides, people who mine themselves are cooler than others, so I've heard👀

In the picture you can see the Bitaxe on the left and my Bitcoin Fullnode on the right. I also run my own mining pool on this one. If the Bitaxe were to find a block, my node would propagate this block into the network.

I can only recommend anyone who wants to get more involved with Bitcoin to get a node or a small miner and play around with it. There is always a great learning effect :)

If you have any other questions about the miner / node or whatever else, feel free to write them in the comments😊

Have a nice holiday and a nice long weekend!

Grüße✌️

It's getting wild again😂

Under the leadership of Brandon Lutnick - the son of the current US Secretary of Commerce and chairman of the investment bank Cantor Fitzgerald - the Japanese SoftBank Group, the stablecoin giant Tether and the crypto exchange Bitfinex are cooperating to invest billions in $BTC (-2,17%) to invest billions in A company called 21 Capitalwhich will hold around 3 billion US dollars in Bitcoin from the outset and serve as a listed "Bitcoin purchase vehicle".

21 Capital is to be founded from the outset with the sole purpose of buying and holding Bitcoin👀

21 Capital is designed as an acquisition company for Bitcoin - comparable in essence to the business model of $MSTR (-1,03%). It will be implemented via SPAC Cantor Equity Partners. This listed shell company has raised US$ 200 million in fresh capital and will merge with a new company - 21 Capital. This SPAC deal means that 21 Capital can be listed directly on the stock exchange without a traditional IPO:

According to the Financial Times and official figures, the initial bitcoin investment adds up to around 3 billion US dollars. Specifically, Tether is providing US$ 1.5 billion, SoftBank US$ 900 million and Bitfinex US$ 600 million - each in the form of Bitcoin transfers to the new company. These Bitcoin transfers are valued at a reference price of USD 85,000 per BTC, and in return the partners receive shares in 21 Capital at a price of USD 10 per share. Through this structure, investors effectively swap part of their Bitcoin holdings for ownership shares in the new company.

As a result, 21 Capital will launch with over 42,000 BTC and become the third largest Bitcoin treasury worldwide, behind $MSTR (-1,03%) and $MARA (-0,63%) and .

It was also announced that none other than Jack Mallers (founder of Strike) will take on the role of CEO.

Investment strategy: build up and expand Bitcoin reserve

Similar to the Strategy model, 21 Capital will not stop at the initial investment, but will continue to buy more Bitcoin. The business model of a "Bitcoin Treasury Company" consists of raising fresh money via the capital markets and converting it into BTC. Accordingly, the Lutnick consortium is already planning additional financing measures: An issue of convertible bonds worth USD 350 million is planned, as well as a private placement of shares worth USD 200 million in order to acquire more Bitcoin on the market in the next step. According to the official update, the target figures for the bond have even been raised to USD 385 million. This mix of debt and equity is exactly in line with the strategy MicroStrategy has pursued in recent years - Michael Saylor has repeatedly diluted shares and issued bonds to increase his company's Bitcoin position. The press release states that the company is designed to accumulate as much Bitcoin as possible and to steadily increase the Bitcoin holdings per share.

This means that future capital increases will be consciously accepted (even if they dilute the shares of existing shareholders) as long as the fresh capital is used to acquire more BTC. This should be worthwhile for shareholders, as every dollar invested increases the value of the Bitcoin treasury disproportionately - and therefore the share value in the long term. Or as Jack Mallers puts it: "We believe Bitcoin is the answer, and Twenty One is the way we are bringing that solution to the public markets. Our mission is simple: we want to become the most successful company in Bitcoin... A public stock built by Bitcoiners, for Bitcoiners".

There is no traditional core business; growth is to be generated exclusively through value appreciation and the increase in Bitcoin reserves.

What do you think?

https://www.ft.com/content/501210ad-d39b-4d7b-b649-bbd08ceffe6f

$IREN (-1,72%)
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$IREN (-1,72%) 🚀

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

$IREN (-1,72%) 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 (-1,72%)

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