Why did he already know this in June '23 and @BamBamInvest only reported on it this year? I feel disadvantaged! 😎😂Hope that at least you 🦊 got in at $3.5 back then🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨🚀🧨
The signing of a 9.7 billion dollar cloud contract with $MSFT (+1,48%) by $IREN (+21,48%) is a pivotal moment for the company and all those invested ! 🫡
It is important to keep in mind that this billion dollar deal - which at first glance has a very strong ROIC profile - barely covers 300 MW (gross) of the ~3 GW power portfolio of $IREN (+21,48%) electricity portfolio.
There will be many more deals, whether in the form of hyperscale cloud contracts or highly profitable "premium" colocation partnerships.
Daniel Roberts, Co-Founder & Co-CEO of IREN, commented:
“We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI Cloud platform.
This agreement not only validates IREN’s position as a trusted provider of AI Cloud services, but also opens access to a new customer segment among global hyperscalers.
It marks another major step forward for IREN as we continue to expand large-scale GPU deployments across our 3GW secured power portfolio in North America, reinforcing our position as a leading AI Cloud Service Provider.
Daniel Roberts, Co-Founder & Co-CEO of IREN, commented:
“We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI Cloud platform.
This agreement not only validates IREN’s position as a trusted provider of AI Cloud services, but also opens access to a new customer segment among global hyperscalers.
It marks another major step forward for IREN as we continue to expand large-scale GPU deployments across our 3GW secured power portfolio in North America, reinforcing our position as a leading AI Cloud Service Provider.
Moin, IREN has signed a contract with Microsoft for a period of five years with access to NVIDIA GB300 GPUs. The total value of the contract is around 9.7 billion US dollars, including an upfront payment of 20%.
I expect the rally to continue, which is why I am now going long in addition to the main position in the portfolio (approx. 18% of the portfolio)... 📈 You Only Life Once!!!!
