$IREN (+9,35%) Move away from being a pure Bitcoin miner and become a vertically integrated AI infrastructure player with its own power, data centers and GPUs.

Why I hold ~30% of my portfolio in $IREN (+9,35%) shares and which catalysts speak for a massive price increase in the near future:

1.Sweetwater 1 Energization

The fourth and final bulk substation transformer for Sweetwater 1 has arrived and the energization should be completed by April 2026 (now).

2.Sweetwater deal announcements

With the connection to the power grid complete, it is only a matter of time before $IREN (+9,35%) deals will be announced. According to quarterly reports, the company has been in talks with global AI and cloud companies (hyperscalers) for many months to implement, finance and lease the capacity. An official announcement - with a hyperscaler, for example - would validate the business model and significantly boost the share price.

3.Childress construction progress

Childress remains on schedule: DC 1 has been running since April 2023, DC 2-5 are being systematically ramped up. Solid operational implementation and construction without delay is the key driver here. CEO Daniel Roberts recently gave updates on the delivery and connection of the GPUs from the $9,700,000,000 Microsoft deal on X.

https://x.com/i/status/2045007521497415701

https://x.com/i/status/2049220187082350773

4.Childress complete conversion to GPUs

Iris Energy is actively transforming Childress from Bitcoin miner to GPU AI infrastructure. This change is steadily reducing the company's dependence on Bitcoin volatility and positioning it as a broad-based AI cloud provider. However, only around half of Childress capacity is currently allocated to Microsoft. The rest can still be converted at limited cost.

5.GPU price/hour price explosion

The structural demand for AI compute is accelerating GPU hourly rates. As an infrastructure provider, Iris Energy benefits directly from this trend and can achieve higher margins. For example, GPU rental costs have risen from 2.31$/hour at the beginning of March 2026 to currently 4.95$/hour. +114%

6.Australia Expansion

There are numerous images of a massive advertising campaign in Australia. Various announcements show that Microsoft and Antrophic want to build new data centers in Australia. $IREN (+9,35%) has already reported in a quarterly publication in 2024 that they are looking for suitable land. There are also new open job offers in Australia, which are publicly available on LinkedIn. www.linkedin.com/company/iren/jobs

A planned announcement to expand in Australia would increase the global network of locations and open up additional growth options for IREN.

https://www.sydneyswans.com.au/news/1963949/sydney-swans-join-forces-with-iren

The major hyperscalers ($GOOGL (-0,43%)
$META (-0,39%)
$MSFT (+0,78%)
$AMZN (+2,96%) Antrophic and OpenAI) are currently reporting critical capacity utilization and are currently significantly limiting AI output.

Energy, land and short construction times are the moat to solve this problem.

$IREN (+9,35%) Antrophic has everything and many announcements ahead of it that could give the share price a massive boost.

Attention: This article does not contain any information on potential risks, such as capital requirements and execution.

No investment advice

I would be very grateful for your support, as these contributions entail a great deal of effort 🫶 🚀

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