$IREN (+8,74%)

The tariff on Chinese imports has no material impact on the core business of $IREN (+8,74%)

$IREN (+8,74%) operates data centers in the US and Canada, uses domestically sourced GPUs (from Nvidia/AMD) and sells computing services directly to US companies.

Take profits if you want, stay true to your strategy, but don't make emotional decisions.

You must be able to sleep well with your investment or weight it in your portfolio in such a way that it lets you sleep well.

2026 will also be a very exciting year for Irish as significant capacities are being expanded and added.

$IREN (+8,74%) methodical strategy - building a low-cost, high-density infrastructure initially through bitcoin mining and then expanding into AI computing - positions $IREN (+8,74%) as a more resilient, vertically integrated player. Its strong asset base, low operating costs and limited reliance on external funding lend $IREN (+8,74%) a structurally more profitable, lower risk business model compared to the highly leveraged, asset-light models of many newer cloud providers.

In general, Bitcoin mining typically requires much lower capital expenditure (capex) than AI or HPC data centers. However, Iren's existing data centers (e.g. over 150 MW in Canada) are configured for both Bitcoin mining and high-density AI workloads, with rack densities of around 80 kW. Despite this, Iren achieved construction costs of around $650,000 per megawatt, well below the $6-15 million per megawatt typical of specialized AI facilities. Iren's designs are not only extremely fast to build, but also easy to retrofit (e.g. rack density should be scalable to 300 kW and beyond), giving Iren a significant advantage in terms of flexibility and time to market (e.g. in relation to the B200s).

This efficient, infrastructure-oriented approach has $IREN (+8,74%) enabled it to grow without taking on significant debt. In contrast, most of Neocloud's competitors, such as $CRWV (+6,56%) have financed their rapid expansion by eliminating large amounts of debt. Unlike Irish, most neoclouds typically own little land or physical infrastructure, which can hinder future growth.

$CIFR (+14,94%)
$CRWV (+6,56%)
$BTBT (+4,98%)
$BITF (+8,84%)
$BTC (+0,99%)
$NVDA (+2,06%)
$AMD (+5,22%)

After the first half of my derivative left my portfolio 1.5 weeks ago at $APLD (-1,03%) left my portfolio with 200%, I have now also sold the second half as part of a small risk minimization.

Since I was also asked yesterday after my post on the bubble which stocks I see as most at risk in the event of a downturn and could speculate on short, I have to say that $APLD (-1,03%) would certainly be one of them, like everything in the data center sector.

So also

$NBIS (+8,13%)

$IREN (+8,74%)

But also companies like

$CRWV (+6,56%)

$QBTS (+2,88%) and all the other small quantum players

and also

$APP (+5,09%) I see a good short opportunity in the event of a strong correction.

But it's not that far yet and who knows if and above all when it will happen.

In my humble estimation, it will not happen before the 2nd quarter.

That's why this list is not exhaustive and cannot be changed.

But you have to be prepared.

$IREN (+8,74%)
$BTC (+0,99%)

$IREN (+8,74%) started earlier than its competitors. The potential is incredible in the truest sense of the word.

"We own the entire stack - land, electricity, substations, data centers and computers. We don't lease anything. This means lower costs, higher performance and long-term reliability. Currently, GPUs consume less than 2% of our total energy portfolio."

CEO & Founder Daniel Roberts

$IREN (+8,74%) Vertical DC integration

What does the vertical integration of data centers mean for $IREN (+8,74%) ? We take a look at this article from DataXConnect: " $NBIS (+8,13%) will be a DataOne tenant for the next 10 years" (1). $NBIS (+8,13%) provides the designs for the construction by DataOne. DataOne owns power, land, substations, transmission infrastructure, backup power generation and facility operations!

$NBIS (+8,13%) pays colocation to DataOne! The 3.7 billion that Google/Fluidstack $WULF (+5,38%) pays for 200 MW (2)? The 3 billion that Google/Fluidstack pays $CIFR (+14,94%) pays for 168 MW (3)?

$NBIS (+8,13%) DataOne is paying around 5.45 billion for their 300 MW. It is probably more, as DataOne has significantly more influence than $WULF (+5,38%) / $CIFR (+14,94%) as DataOne/BSO operates 240 data centers worldwide; for comparison: $EQIX (+1,05%) (75 billion mcap) has 270 data centers. In addition, DataOne has additional capital expenditures for gas turbines behind the meter and will likely pass at least some of the costs on to $NBIS (+8,13%) pass on. For $IREN (+8,74%) which has already paid most of these costs at lower prices, this is largely pure margin!

From the Neoclouds $ORCL (+1,6%) , $CRWV (+6,56%) , $NBIS (+8,13%) , $IREN (+8,74%) . Is $IREN (+8,74%) the only ones who own their own land, power, data centers and electrical infrastructure! $CRWV (+6,56%) was lucky and signed a contract with $CORZ (+5,79%) when $CORZ (+5,79%) was on the verge of bankruptcy. He also secured $ORCL (+1,6%) Crusoe's electricity when Crusoe failed at Bitcoin mining. $CRWV (+6,56%) at least recognizes the weakness and tries to $CORZ (+5,79%) to buy up.

1) https://dataxconnect.com/insights-dataones-new-300mw-data-center-with-nebius-signals-americas-insatiable-appetite-for-ai/

2) https://investors.terawulf.com/news-events/press-releases/detail/112/terawulf-signs-200-mw-10-year-ai-hosting-agreements-with

3) https://investors.ciphermining.com/news-releases/news-release-details/cipher-mining-signs-168-mw-10-year-ai-hosting-agreement/

$CIFR (+14,94%)
$CRWV (+6,56%)
$NBIS (+8,13%)
$GOOGL (+2,12%)
$GOOG (+2,15%)
$MSFT (+0,66%)
$META (+0,44%)
$ORCL (+1,6%)
$NVDA (+2,06%)
$WULF (+5,38%)

$MSFT (+0,66%)

$CRWV (+6,56%)

$NBIS (+8,13%)

$CRWV (+6,56%) JUST IN: OpenAI has expanded its partnership with CoreWeave $CRWV (+6,56%) with a new contract worth 6.5 billion dollars.

With this latest agreement, the total value of contracts between CoreWeave and OpenAI now stands at around $22.4 billion. Is a deal coming soon with $NBIS (+8,13%) ?

So 1.5 weeks have now passed. The first gimmicks are over and my Watchlist Pie has returned a total of 4.5% in one week. This has now been sold and I have built up a pie to save for the next 8-10 years. I'm starting with 50€ a week until I've completed the broker's test phase. After that I'll ramp it up to about 1k per month.

There are still a few stocks missing, but the big ones will be scaled down a bit. Among others $IREN (+8,74%) ....

What do you think of the selection?

$NVDA (+2,06%)
$GOOGL (+2,12%)
$MSFT (+0,66%)
$AVGO (+1,93%)
$005930
$AMD (+5,22%)
$TSLA (-3,49%)
$IBM (+8,47%)
$RKLB (+0,45%)
$NU (+0,5%)
$SMCI (+0,48%)
$HIMS (+2,75%)
$ENR (+4,28%)
$HOOD (+4,01%)
$PLTR (+2,18%)
$CSCO (+0,64%)
$MTX (+0,12%)
$TTD (+0,55%)
$QBTS (+2,88%)
$9866 (+0,47%)
$CRWV (+6,56%)

And what of course should not be missing is $SIKA (-4,01%) These are still weighted at 2% 😉 As a craftsman, I really enjoy using the products myself. The technological progress compared to other products such as StoCretec or others is already enormous, but it would go beyond the scope of this article.

$IREN (+8,74%)

$IREN (+8,74%) owns the data centers, the power supply and the property. For maximum performance on a large scale $IREN (+8,74%) the best choice on the market.

Wall Street is slowly starting to realize this, hopefully soon the big hyperscalers will too 🚀

Current Price: $26.48.

Average Price Target: $35.

Average Analyst Success Rate: 51.81%.

1. the US capacity for energy and computing power is severely limited

2. approval and construction of facilities take years

3. vast amounts of computing power are required for inference (running ChatGPT, Claude, etc.).

3. $IREN (+8,74%) is a highly regarded, publicly traded Bitcoin miner with massive data centers under construction in Texas.

4. the company has moved away from Bitcoin mining in these new facilities and instead built them out for AI training and inference.

5 Once completed, these facilities are expected to generate approximately $2 billion in new cash flow.

6. even if the AI fails completely, these facilities are extremely valuable as traditional data centers or can be repurposed for Bitcoin mining.

7. the total market capitalization is currently around 5.8 billion US dollars.

🟢 IREN owns the entire stack - land, power, data center infrastructure and GPUs - and can ramp up capacity faster than anyone else.

🟢 They have just doubled their fleet with the latest Blackwell chips from NVIDIA and are ready to scale.

🟢 Ability to ramp up to tens of thousands of GPUs within a few months

$BTC (+0,99%)
$NBIS (+8,13%)
$WULF (+5,38%)
$CIFR (+14,94%)
$CRWV (+6,56%)