Our vertically integrated AI Cloud platform has arrived in Europe. Today, IREN announced it has completed the acquisition of Nostrum Group, adding 490MW of secured power in Spain to serve global demand for AI compute. “Europe is one of the largest and fastest-growing markets for AI infrastructure, and Spain is among its most compelling entry points, with abundant renewables and strong fiber connectivity. Nostrum gives us secured power today along with a development pipeline and a great local team we're excited to work with.” - @danroberts0101 Learn more: iren.gcs-web.com/static-file…

If you’re wondering why $QQQ got smashed along with your favorite tech influenced tickers / high beta, it appears that part of the story may include the forced selling of Nasdaq 100 tickers in anticipation of @SpaceX entering the index under new “fast entry” rules 👇 My initial conclusion is to expect more of these kind of days towards year end when @OpenAI @AnthropicAI issue their public offering Finally, consider the lockup periods and how that may impact your new investment interest H/t @grok @Gemini

Going to cover a lot of charts on Sunday! 📈 Turn those notifications on 🔔 ‼️

Yup. We agree. That’s why we keep pushin’ $SLNH @SolunaHoldings This is from a WSJ article on @GoogleAI strategy to build data centers in a crowded market. Sound familiar? :) @disruptorinvest @McnallieM

Even with just a 5% probability weighting for this project, we think it's worth $8/share to $IREN at current GPU economics.

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…

$SLNH 1hr: $1.72 has been giving us some short term resistance while $1.59 has become support. As long as we stay above $1.50 I’ll be happy. $2.09 needs to be reclaimed to target $2.57. Holding above $2.47 would potentially start a move up towards $4.23 🎯

🇺🇸 JUST IN: President Trump signs executive order on AI innovation and security.

$SLNH A detail from Luke Crawford’s LinkedIn post on Project Kati 2 deserves more attention. Crawford, who works with @SolunaHoldings on land acquisition / external site development, described Kati 2 as a 350MW data center campus in McAllen, Texas, developed with Metrobloks. Phase 1 is planned for 100MW of critical IT capacity, with a runway toward 350MW. The power setup is the part that stands out. According to the post, Kati 2 connects both to the ERCOT grid and the Las Majadas wind farm, securing 460MW of total supply through a 100% renewable PPA structure. Las Majadas is a 272.6–273MW operating wind farm in Willacy County, Texas, developed by EDF Renewables and co-owned by EDF Renewables and Masdar. Soluna already has a PPA to purchase up to 166MW from Las Majadas for Project Kati, with the data center built close to the wind project’s substation. That gives Kati 2 a more serious power profile than a simple “wind-powered data center” headline. Direct renewable power creates the cost and sustainability angle. ERCOT access adds flexibility and resilience. The combined structure is what makes the campus more credible for AI/HPC workloads, where uptime and reliable power matter as much as the headline MW number.

$IREN has a ~5 GW pipeline. $NBIS is building toward 1 GW. $SLNH has a 4.3 GW pipeline and owns its own wind power. 100% controls its Texas campus. Same Bitcoin miner → AI pivot as IREN. $IREN and $NBIS deals took 6-12 months to close. The clock is ticking on SLNH 👀

As a reminder, I'll be interviewing the CEO of $SLNH live on X Spaces tomorrow at 2:00pm EST.

$SLNH The Rio Grande Guardian article, published on June 1, 2026, gives an interesting local perspective on @SolunaHoldings development in Willacy County. riograndeguardian.com/storie… What stood out to me is how the county is already thinking beyond Kati 1. Willacy County Judge Aurelio “Keter” Guerra has been speaking with other county judges in Texas, including Armstrong County Judge Adam Ensey, whose county is dealing with a major @Google data center project near Claude, Texas. That comparison is important because it shows that Willacy County is preparing for Soluna’s future phases in the same broader context as large-scale data center development across Texas. Kati 1 is described as a 166MW wind-powered data center focused on Bitcoin, with minimal or zero water usage. Guerra says the first phase has a value of around $35–45 million and will generate tax revenue for the county and other local entities. That is already meaningful for a small county. But the real signal comes when he talks about Kati 2 and Kati 3. His words were very direct: the next phases would be “astronomical in value.” He also explains why. Phase one is crypto. Phase two includes AI. That is where the value increases tremendously. That distinction says a lot. Local officials seem to understand that AI/HPC infrastructure carries a very different economic profile compared with Bitcoin hosting. For Soluna investors, that is exactly the larger thesis: Kati 1 proves the site and operating model, while Kati 2 can potentially move the company into a much higher-value category. The article also addresses one of the biggest concerns around data centers: water usage. Guerra repeatedly emphasizes that Soluna’s project has minimal or zero water usage, which is important because many data center projects across the U.S. face local opposition around water, power and environmental impact. In Willacy County, the situation appears different. The area has wind power that was previously underutilized, and Soluna’s model is designed to convert that energy into productive compute. Another important part is the discussion around tax abatements and reinvestment zones. The county is still working through the process for future phases, and Guerra is clearly focused on making sure the structure works for both Soluna and the local community. He sees the project as a potential win-win if negotiated properly.

The intermittency problem isn't a reason to avoid renewable energy. It's a reason to build smarter infrastructure around it. Soluna's multi-source power mix, managed in real time by MaestroOS, is what makes always-on compute possible from a renewable generation site. Renewable-first. That’s the future of computing. #RenewableComputing $SLNH

IREN is working with @nvidia to build NVIDIA DSX-aligned AI infrastructure across its global data center portfolio. • Advancing the Sweetwater campus as part of IREN’s AI infrastructure buildout • Adopting NVIDIA DSX OS technologies, including NVIDIA Infrastructure Controller and NVIDIA Fleet Intelligence • Establishing a reference deployment of k0rdent AI with NVIDIA DSX OS and @MirantisIT • Joining the NVIDIA DSX Sim ecosystem, including simulation with NVIDIA DSX Air Learn more about NVIDIA DSX: nvidianews.nvidia.com/news/d…

$SLNH Metrobloks CEO explains why @SolunaHoldings’ Kati 2 site stands out. “There are quite a few things that make this site (Kati 2) interesting, and maybe none more important than the relationship we have established and Soluna’s vision and confidence in its ability to deliver power. That is probably the first and biggest differentiator. Second, there is the concept of shared-fate zones in data centers. Data centers are, for all intents and purposes, a utility – a vehicle or conduit for large language model training. There is a concentration of capacity in West Texas and Central Texas. What makes East Texas interesting is that, with Texas being such a large state, East Texas does not necessarily share the same fate zone from a disaster recovery perspective if something were to happen. That makes the location interesting. Another thing that makes it interesting is its proximity to the Mexican border and the connectivity tissue between the U.S. and Mexico, which makes it appealing. From a legitimacy perspective, the partnership with an experienced renewable developer, access to renewable power, land, and speed-to-market are what make this asset pretty unique.”

NVL72 (Vera Rubin) is expected to deploy at scale in IREN’s Sweetwater campus. This next-gen platform could deliver a massive revenue uplift with analysts projecting $15M–$25M ARR per rack and 2.5x–5x higher performance vs previous gen. Sweetwater’s 2 GW alone could add $250B – $450B to $IREN’s market cap at maturity. ⚡ I know there could be dilution, but you get the point 👀

$SLNH Friday closed right at the support level ($1.70) with lower volume compared to previous sessions. I expect buyers to keep price from falling lower. However, after the huge run it will be normal to see some consolidation before upside continuation. Still holding and very bullish mid/long-term. If price will bounce from this and reclaim the green trendline, I will add. This is far from over. Watching closely. NFA.

$SLNH One hyperscaler deal and it's $10

In AI infrastructure, power is the product. Microsoft just made that case with billions spent on new capacity commitments, including 40 gigawatts of new renewable energy capacity contracted across 26 countries. Soluna has been building on this premise since day one. $SLNH #RenewableComputing

Potential $IREN GPU Financing Details $100m out of pocket to generate roughly $680*.85=$578m of EBITDA for 5 years yet some 🐻 will tell you $IREN can’t make money At $1600/$578=2.768 years with interest costs let’s round up to 3 years with 2 more years for the house on B300s that likely have 6-7 years of useful life as a bonus to cash flow Maybe you want to 🎯 retrofit costs but the reality is that 60 MW will cost $250-300m on the high side One last thought; do you really think @nvidia will pay a lower rate for @MirantisIT managed services than the rest of prospective clients? I’ll save you some time. $3.50 is the floor and $4.00 is more likely.