TheWaveIsComing

@Agrippa_Inv huge news, we should go past 100 easy with this

Upon signing new contracts $IREN raises its year-end ARR target from $3.7b to over $4b 💪 For anyone paying attention, this ARR raise was inevitable... Over the coming days Horizon 1 will be delivered, adding ~$120m to $IREN's quarterly AI revenues. By Q1 2027 revenues will exceed $1b per QUARTER. Think about it, $IREN is guiding for >$4b ARR on 480 MW of delivered capcity this year. For 2027, management is guiding for 1.2 GW, with much of that being higher yielding Rubin capacity. Year-end ARR for next year will easily be >$12b. That's $3b per quarter! Investors continue to miss the forrest for the trees on $IREN. It's pretty obvious where this ship is sailing...

@neel_epochal you know they don't care about shareholders so if you think they'll care about a letter... waste of your precious time

Today I sent the attached letter to IREN's Chairman. Four pages. If you only have two minutes: page 2 imagines the Chair explaining the founders' $800M award over lunch with Warren Buffett. The three asks are at the end, all achievable before our AGM in November. We are not against this company. We built our positions believing in it. We are asking that the largest award in its history be earned, not merely received. Read it. Form your own view. November is when it counts.

@LeDindonFiscal je te rappelle que dans 2 ans l'Espagne aura un PIB plus élevé que la France mdr 🤣

C’est incroyable qu’une petite nation comme l’Espagne arrive à avoir 2 CDM comme la France sans jamais en avoir mérité une seule…

@materkel bro its been a week and robinhood chain volume is already dead back to zero lol

this is why the rollup centric roadmap was pure genius. It’s divide & conquer. Ethereum has near 100% marketshare with L2s now. Solving interop one piece at a time is bringing back all the dominance to Ethereum L1 itself. Eventually it will be the only L1 left standing.

@chiptomunk please don't talk about the elephant in the room

Someone show the math on how $IREN gets >25% operating margins after buying GPUs + ITDTA and I full port right now.

@EndicottInvests 1b loss

@EndicottInvests no deal no ARR 2b RSU 1m loss depreciation quarter coming up 😂

So word on the street is $IREN is set to deliver their first tranche to $MSFT today?

@kishawn07 well yeah hope you get back to break even bro

Fed the IREN-Microsoft deal with some of my questions into ChatGTP SOL on Ultra to see what Horizon 1 delivery and acceptance will actually mean for IREN and what it would imply for share price . $IREN Many are saying Horizon 1 delivery is already baked in/ should not move the price , what I found shows this is no where near true and this would be the start of the actual rerating. "The next decisive proof point is Microsoft accepting Horizon 1. Microsoft’s formal acceptance is the event that actually unlocks the economics. " Key wording is how they announce. "Handoff vs acceptance". - Handoff implies that Microsoft still has to test H1 and then accept it ( 4-5 day window from handoff to acceptance) -Acceptance means that testing has already been completed and revenue is being generated Why Horizon 1 matters so much: 1 . It activates real Microsoft revenue. Until acceptance, the $9.7 billion headline is largely a future contractual opportunity. The company cannot bill monthly for a tranche until the minimum capacity is accepted. 2. It moves contracted value into reported backlog. 3. It is roughly one-quarter of the Microsoft project. A simple one-quarter estimate would give Horizon 1 about $2.4 billion of total contract value and approximately $485 million of annualized revenue once fully operational. 4. It validates IREN’s construction capability. Successful delivery demonstrates that IREN can build, cool, network and operate a hyperscale GB300 cluster. Horizons 2–4 then reuse much of the same design, supply chain and construction process. 5. It validates the project financing. The GPUs and Microsoft cash flows secure billions of dollars of project debt. What does this imply for IREN's share price? Possible one-day IREN share price reaction based on only financing validation of Microsoft contract for H1 - Full H1 accepted; billing commenced; H2–4 reaffirmed +6% to +15% or Share Price : $35.60–$38.70 - Full acceptance plus accelerated H2-4 +15% to +25% or Share Price: $38.70–$42.00 This did not account for IREN's high short percentage (26.7 % of float according to Robinhood as of July 16th). As such, I reframed the question to account for this short percentage. Share Price Reaction after July 19 announcement with short percentage accounted for. - Clean full acceptance with modest covering: $39–$44 - Acceptance plus 10%–25% covering: $42–$48 - Strong squeeze with 25%–50% covering and options reinforcement: $46–$58 - Forced-covering cascade: $60–$75+, but likely temporary and still a low-probability outcome The most meaningful change is that a move through $45 could accelerate much faster. Many shorts likely have profits from IREN’s decline through the $45–$60 area. Above $45–$50, those cushions begin disappearing, potentially triggering covering and momentum buying simultaneously. - Indicators that shorts are covering: 1. Confirmation would mean volume exceeding roughly 100 million shares, the price holding above $45 rather than briefly touching it, 2. borrow availability tightening sharply from its recent inexpensive levels Summary: Most probable clean-acceptance close: $39–$44. A $50 print becomes reasonably plausible. A sustained $55+ move would require genuine covering confirmation.

@pred3500 fantasy 3.4b ARR guide

$IREN H1 handover is just a big speculation nothing confirmed yet or set on stone

@OInvests bro first pray it stops dropping 5% per day 😂

Am I crazy to think $IREN can 3X in 12 months?

@_eliasmarshall that's exactly why post all dilution the stock is worth 50$ tops

I was wrong about $IREN, specifically the value of it's pipeline. I naively assumed one should value a stock based on it's GW waiting to be monetized. $IREN had ~4GW of disclosed grid secured power, they should be worth $40B! The market disagreed, and for months I thought the market was wrong... What I was missing is that everyone has a pipeline. Power is abundant in North America, and if you do not have a clear financing plan the market does not know how to value you. $IREN chose to finance their own GPUs, an extremely expensive approach. They chose to finance them through enormous stock dilution and convertibles. Anyways, I'm still bullish on $IREN but it's undeniable to me that as long as it is above $30 the risk reward is better on other stocks in the sector. Every pump in IREN will be followed by debt and dilution. Sweetwater will not be utilized until Vera Rubins are ready. $IREN is likely 2H 2027 story IMO.

@andrewdaraider @XCapitalMgmt why take such risk for a measly X1.67 😂

@Lucelex @XCapitalMgmt Still 1.67x the current 12B market cap, hence we're trading way below liquidation value / NAV

If Childress and Sweetwater 1 alone (2 GW+ of energized power collectively) were sold to a hyper today, what would they be worth and how does that compare to $IREN market cap? Important weekend question.

@OInvests ppl usually gtfo to nbis and don't come back after 3 pump dumps in a row in the 30 60 range 😂

$IREN will have the most hated rally. Plenty will jump in late. The crowd of capitulators will be silenced.

@2147mill the execution so far, BTC miners that worked for just one year, and ATMs

$IREN is one of the more interesting AI infrastructure plays. It started as a Bitcoin miner. Now it’s trying to become a serious AI cloud/data centre company. Stats: • $9.7bn Microsoft AI cloud contract • $3.4bn NVIDIA AI cloud contract • Targeting $3.7bn AI cloud ARR by end of 2026 • 5GW secured power portfolio • 810MW operational • 2,100MW under construction • AI cloud revenue grew from $17.3m to $33.6m Bull case: AI needs compute. Compute needs data centres. Data centres need power. IREN already has land, power and infrastructure. Bear case: Revenue dropped last quarter. It lost $247.8m. Bitcoin mining is still part of the business. The AI pivot is capital intensive and execution risk is huge. This is not a boring compounder. It’s a high-risk AI infrastructure bet. But if they execute, the upside could be ridiculous.

@Jespabe @saint_hodl @MickeCTR82 @theallinpod @FransBakker9812 @BitcoinAIGuy @bitcoinbutcher1

@saint_hodl @MickeCTR82 @theallinpod @FransBakker9812 @BitcoinAIGuy @bitcoinbutcher1 Did they lie about the advanced negotiations of multiple agreements?

$Iren You are not bullish enough. Just spend 90 seconds om this video from the latest @theallinpod Iren sits on A LOT of SECURED POWER 👀 Each day it gets more valued. @FransBakker9812 @BitcoinAIGuy @bitcoinbutcher1

Reassessing $IREN this weekend.

Increased our $IREN position 34% this week in the low 30s. Looking to add more on any dip Monday. Thesis is as compelling as ever as is conviction.

Important! $IREN will do the same as soon as Horizons are delivered, freeing up BILLIONS. This is the start of the flywheel and path to no more atms one day in the not so far future.

Only Serenity can save $IREN