Hey Grok, if SPCX's data center business represents 50% of future EBITDA and the whole company is valued at $2.2 trillion, what should the value of standalone data center businesses like CIFR, WULF, and IREN be assuming similar development pipelines?

OMG WOW WAS NOT EXPECTING THIS!!! LETS GOOOOOOOOOOOOO $IREN

The tell of this whole AI cycle in one line: $ORCL is sitting on a $553B backlog. $NVDA is investing tens of billions across its ecosystem. Apollo and Blackstone just reportedly backed a $35B financing package tied to anthropic’s chip expansion. the demand was never the question. whether anyone can build the compute, power, and data center capacity fast enough is the only question left. that’s why names with access to large amounts of power, like $IREN, keep showing up in this story. $NVDA $IREN $NBIS

🚨 BREAKING: $CIFR Announces $AMZN AWS is the official tenant for their Stingray data center project. This 15-year deal locks in $2 billion of contracted revenue, with lease payments ranging from $2B to $5.7B Key highlights: • 70 MW critical IT load • Triple net lease structure • 100% NOI margins • Targeted start date: April 2027 date Loading up 📈??

Cipher Digital's $CIFR 8-K filed today provided a peek under the hood with respect to the lease at their Stingray campus in West Texas.. In short, the economics and structure are extremely compelling: - Tenant: AWS - 70 MW (IT load), 100MW gross - Triple net structure (e.g. all operating expenses passed through to tenant, resulting in 100% NOI margins) - $10.5MM of expected CapEx/IT MW, with AWS agreeing to cover any construction cost overruns above $10.5MM/IT MW - 15% unlevered yield on cost ($112MM of first full year NOI divided by $735MM of total CapEx, or $10.5MM IT MW x 70MW)

$CIFR discloses terms for 70MW Stingray lease announced last month, offers $800M senior notes. >Tenant is AWS >15-year triple-net lease (100% margins) >Starts April 27 >Implies $1.9B NOI/MW (high end of what we've seen) >We had been modeling lower margins; NNN adds ~$1/share

$IREN 🔥🔥🔥 🚀 Press the REPOST button if you think IREN will hit $100 this year 🚀🚀 Press the LIKE button if you think IREN will hit $150 this year 🚀🚀 🚀 Press BOTH buttons if you think IREN will hit $200 this year IREN has now secured 5.8GW of power … AND MUCH MORE TO COME 👀 The big question now is, if/when will IREN and ANTHROPIC do a deal? 👀👀👀

⚡️JUST IN: Morgan Stanley just raised their PT on $CIFR to $53. Implying a staggering 100% upside. -BP Please note: this is not financial advice.

$IREN new 800 megawatt data center campus in South Australia positions the company as a compute leader across APAC 🇦🇺 • Anthropic: partnership with the Australian government to expand compute • Microsoft: $18 billion commitment to expand their cloud infrastructure down under The largest individual data center contract in Australia’s history is for 555 MW Huge opportunity for IREN in their home country

🚨 BREAKING🚨 $IREN ANNOUNCES 800MW DATA CENTER CAMPUS IN SOUTH AUSTRALIA Now the company has nearly 6GW surpassing some Mag7 🔥🔥🔥🔥🔥

IREN has announced a planned 800MW data center campus in Bundey, South Australia.  This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date. Learn more: iren.gcs-web.com/static-file…

Here's a trade I entered today $IREN Weekly breakout caught my eye. I have traded it few times now and have rotated funds. This time watching for a push towards 75 and then to 100.

$IREN & @MirantisIT got the recognition from Nvidia last night at GTC Panel for its DSX AI Factory Ecosystem. Considering the pump on $crwv & $nbis today, I don't think it's fair to leave out $iren. This is still the early inning's of the AI infrastructure build out. And who can build a AI Factory the most efficiently will win the most. Iren has the all the checks needed. Especially since considering they are deeply integrated with Nvidia DSX and Mirantis now. For, example Nebius has already ran into its first costly issue at it's Vineland Datacenter. Shifting more $ per MW to deploy bloom fuel cells with potential setbacks/delays to deliver that can cause Microsoft to credit pre-payments per tranche. That site is tied to bare-metal deployment. Not leaving much room for margin. $iren has a mw guidance by 2027 that can take the ARR to nearly $14b. Although they were not mentioned in the Vera Rubin Slide that does not mean they still cant get their hands on them. Sweetwater is a flagship site of Nvidia, DSX/DGX Aligned.

Breaking news 🚨 $IREN

$IREN’s new Innovation Officer A few months ago, $IREN appointed John Gross as their new Chief Innovation Officer, a role in which he'll be pivotal to the development of the company's AI data centers. The Wall Street Journal recently ran a piece on him that I think is worth commenting on. Gross specializes in high-density & liquid cooling infrastructure, with over 20 years of experience in the space. That makes him a critical hire for $IREN, given their emphasis on designing & developing all data center infrastructure in-house. What I particularly found interesting about the WSJ article is that it goes into Gross's approach and philosophy. He comes across as a very hands-on guy and not some office dweller. He likes being on the ground where the actual liquid cooling tech is being installed and tested, working together with construction crews to fix problems that can't always be foreseen months in advance. Great to see $IREN's CIO with this kind of attitude. Getting his hands dirty when he needs to and leaving his ego at the door. He's clearly all about pushing $IREN forward and getting things done. He also pushes back pretty directly against the industry default, which has historically been very risk-averse. He says the industry “loves innovation as long as it’s 10 years old”, which is pretty funny. That risk-averse, slow mindset clearly doesn’t work in AI, where chip generations turn over every 12-18 months and thermal envelopes keep climbing. This kind of attitude combined with $IREN's broader culture is what makes them a disruptive force in the industry that can really challenge the status quo. Gross also called AI data center tech a bit of a poker game. You can't sit on the sideline waiting for the chip roadmap to be 100% clear, you have to read what's coming and place your bets early. $IREN has clearly been great at this. Horizon was designed early last year to be future-proof for next-gen chips, more than a year before the official Rubin specs came out. Back then estimates were that Rubin would require densities of ~300 kW per rack, so $IREN's 200 kW design may have looked inadequate initially. They were obviously proven right... I know $IREN execs had a very tight relationship with $NVDA well before the official partnership was made public. That kind of access gives you early visibility into where the industry is heading years in advance, and that's exactly where close ties to $NVDA pays dividends as it relates to developing next-gen infrastructure. Gross also commented on $IREN's iterative improvement loop, where lessons from each build feed back into the next design cycle. This reminds me very much of what David Shaw, $IREN's Chief Operating Officer, told me about a year ago when I visited the Childress site with @FransBakker9812 and a few other friends. Shaw and the other ops execs really emphasized the same design and development philosophy of replication and continuous improvement. Every individual new build is slightly different from the last as the team implements lessons learned from the previous one. That will mean Horizon 2 will have improvements over Horizon 1, Horizon 3 over Horizon 2, and so on. The advantage of that approach is that it directly leads to faster, cheaper, and more robust builds, which is a critical trait when you're developing a gigawatt-scale data center portfolio. This isn't something they started doing recently either. It has been part of the company's DNA since day one. It only works because of $IREN's very flat hierarchy and very healthy work culture, which encourages every construction crew member to spot flaws or find better ways of doing things. This is also how they managed to bring the development cost per MW of their air-cooled data center shells down from $750k/MW to $600k/MW. Going forward this is going to be one of the key competitive differentiators. While other neo-clouds heavily rely on a patchwork of developers across their data center pipeline, $IREN is the head contractor on 100% of their projects. The amount of operational experience they'll accumulate as they rapidly scale will become unmatched and very difficult to catch up to. I also must say, this WSJ article is a real win for $IREN on the IR and marketing front, and they deserve credit for setting it up. The company's comms had undoubtedly been pretty weak leading up to the recent earnings call, but over the past 3 weeks they've gotten noticeably better imo. From the CEO’s mega thread here on X that cleared up a lot of confusion to now this WSJ collab… these are real positive moves from the team and they're worth praising. Overall the WSJ piece does a great job giving us good visibility into Gross himself and his role at $IREN, as well as the company's broader strategic positioning. I really enjoyed going through it. Definitely worth a read. partners.wsj.com/iren/buildi…

Klare Erklärung auf Deutsch: Anthropic zahlt SpaceX 1,25 Milliarden Dollar **pro Monat** für 300 MW Rechenleistung. IREN hat bei Sweetwater 1 schon 1,4 GW – also fast 5-mal so viel Power. Hochgerechnet könnte IREN damit ca. 5,8 Mrd. $ pro Monat (70 Mrd. $ pro Jahr) verdienen. In 5 Jahren wären das 350 Mrd. $ Umsatz. Bei einer normalen Bewertung ergibt das eine Billion Dollar Marktkapitalisierung. Selbst bei halber Auslastung und niedrigerem Preis bleibt es extrem lukrativ – und IREN hat noch 3–4 GW weitere Power gesichert. Deshalb sieht der Bull-Case für $IREN so krass aus.

The legendary Stan Druckenmiller once said making small number of high conviction bets is all you need. I ve been long $CIFR from $2 and $IREN from $5. And I am convinced, one day, $CIFR will be $100 and $IREN $300. And that day is coming soon ✌️

$DELL give $IREN a mention on earnings today?

$IREN Hires Former AWS Executive Christopher Sailer In his previous role in corporate deal strategy at AWS, he delivered on high-profile transactions such as the @awscloud x @AnthropicAI partnership, and a multi-year partnership with @OpenAI. Welcome aboard @IREN_Ltd 🔥👏