1Settimana·

IREN Limited the most efficient Bitcoin miner with enormous potential ?

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 (-5,55%) ? I would be interested to know ✌️

All- In Cash Cost per $BTC (-0,49%) :

$IREN (-5,55%) Record-breaking growth in hash rate

In the year 2024 $IREN (-5,55%) set a new industry record for the fastest growth in operating hash rate (EH/s) in a single year among the $BTC (-0,49%) -miners, surpassing 400%.

$IREN (-5,55%) 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 (-0,49%) 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 , $MARA (-3,91%) , $RIOT (-1,02%) , $BITF (-2,62%) , $CIFR (+0,93%) , $CLSK (-4,5%) , $WULF (-5,35%) ,

https://iren.com/

20 Commenti

Stefan21@stefan_21

Thanks for the introduction, I actually didn't know the company yet :)
Bitcoin mining is an extremely competitive business in which only the most efficient miners are successful in the long term. Mining alone is now almost only worthwhile if, for example, overproduced electricity from renewable sources is used, which the miners can get virtually for free - or/and if the miners can also use the heat generated. In principle, Bitcoin mining simply converts electricity 1:1 into heat - Bitcoin is created as a "waste product". That's why there are more and more mining plants that supply neighboring villages and cities with district heating... or vegetable plantations... or or - there are now the wildest constructions :D
Personally, I won't invest in any miners, simply because I know how difficult it is to remain profitable in the long term. I'd rather buy Bitcoin🤪

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BamBamInvest@BamBamInvest

@stefan_21 🙏 $IREN is probably not a pure miner, they want to generate revenue through colocation deals, data centers and finance themselves through mining, among other things, as far as I have understood correctly. In any case, it's very exciting as there are several trends at play here, such as AI, data centers, alternative energy, etc.
If you are on X, you should take a look at the very detailed company presentation by @Agrippa_Inv. ✌️

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Maximilian@Max095

1Settimana

I didn't know $IREN back then. I don't want to hold the Bitcoin miners for the long term either, but only until the crypto bull run is over.

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BamBamInvest@BamBamInvest

1Settimana

@Max095 I know my way around, could be exciting until the end of the year if $BTC continues its upward trend.

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Maximilian@Max095

@BamBamInvest I also hope that all miners will still benefit. 🚀

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BamBamInvest@BamBamInvest

@Max095 But $IREN is not purely a miner, especially that's not what they want to be in the future, that's what makes it so interesting. Here we have several trends AI, Data Center, Alternative Energies etc .

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Maximilian@Max095

@BamBamInvest looks very exciting, no question

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BamBamInvest@BamBamInvest

@Max095 yes or a complete failure 😄, I need to read up on this further.

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Maximilian@Max095

@BamBamInvest I'm positive and keeping my fingers crossed for you 😊 I think Chinese stocks could benefit greatly over the next few months. I am considering building up 2-3 trading positions there.

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Maximilian@Max095

Are you currently buying more dip?

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BamBamInvest@BamBamInvest

@Max095 I don't have any money to buy more 😂 I would have to sell something 😁

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Maximilian@Max095

@BamBamInvest annoying ... but it will certainly get better again

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BamBamInvest@BamBamInvest

@Max095 why annoying, letting a little air out in the market doesn't hurt 😄

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Maximilian@Max095

@BamBamInvest meant that you could not buy more

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BamBamInvest@BamBamInvest

1Settimana

@Max095 May I ask why you chose $BITF and $MARA? @Tenbagger2024 do you consider miners to be an interesting investment ?

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Tenbagger2024@Tenbagger2024

@BamBamInvest
Mara is probably one of the few who also mines Kaspa

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Tenbagger2024@Tenbagger2024

@BamBamInvest
Perhaps you are already a little too late. The miners benefit from the halving that takes place every 4 years, which was last year in spring. At Iris Energy, it could be interesting that they offer an AI cloud service and the electricity comes from renewables. Clean Spark $CLSK is also doing the same, which could also be interesting.
Due to the enormous profit growth, Iris Energy's P/E ratio will fall from 53.4 to 9.6 next year. Nevertheless, the P/E ratio remains high.
The free cash flow is negative but is rising slightly.
The EbiT margin rises from 1.87% to 20.48%.
10 analysts recommend buying.

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BamBamInvest@BamBamInvest

@Tenbagger2024 Yes, I'm not specifically interested in mining here, as $IREN is likely to be much more than that, also due to its strategic land ownership. The capacities and possible colocation deals that they could land are also interesting. They finance themselves through mining, among other things. In any case, this is very exciting as there are several trends at play here, such as AI, data centers, alternative energy, etc.

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BamBamInvest@BamBamInvest

@Tenbagger2024 What is so special about Kaspa $KAS? 😄

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Tenbagger2024@Tenbagger2024

@BamBamInvest
🤷🏻🤷🏻‍♂️🤷🏻

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