Sean James

@matthew_sigel How is the B200 looking?

NVDA H100 rental prices hit 18-month high: $2.59/hour

@jiahanjimliu @daniel_koss Increasing shareholder equity by 40% with 9% dilution is a good trade off in theory. The real question will be whether the $2bn is accretive and see’s positive equity returns for shareholders TBC

@daniel_koss Doesn’t Nvidia get shares in exchange? Nvidia isn’t just handing 2B to NBIS for free right? This is just dilution. Shares go to Nvidia instead of open market.

$NBIS omg the $NVDA news just keeps getting better!! 🚀 I reached out and management officially confirmed the $2B from NVIDIA is ON TOP of the ~60% of 2026 CapEx that is already funded! So if they spend $20B and have 60% funded ($12B), they’re now at $14B (70% total) if we take the upper limit! Also: $NVDA ownership is now roughly 10%, making NVIDIA the 2nd biggest shareholder, second only to Arkady himself 🐐

@matthew_sigel @SquawkCNBC $IREN deserves some air time 😉

I'll be on @SquawkCNBC tomorrow, talking Bitcoin and stocks at 7:50am. See you there 🫡 🚀

@DEGENnJUICE @CK_Cryptoklepto I really wish I bought MARA in 2023 instead of IREN

@Sean__James @CK_Cryptoklepto 🤣 IREN down 52% from last Nov and falling while you’re trying to dunk.

Let the #DIRT just shower over you. It was a good run. $MARA $IREN $NBIS

@CK_Cryptoklepto @DEGENnJUICE Guys are we getting tired of winning yet!?

@DEGENnJUICE $IREN

@BitcoinAIGuy @matthew_sigel All fart and no poo

@matthew_sigel jim is all talk and no bite

Sure am, Jim. The strategy has trounced Bitcoin since inception. Feel free to check holdings daily. Remind me where we can see your returns these days, since the fund shut down and a former partner sued you. I guess you’re not short $IREN. Just posting. Enjoy the attention!

@jiahanjimliu @avelglory Get the ‘meh’ news out post-market and the headline grabbing news pre-market

@avelglory I don't know why IREN announced the ATM on the same day as the GPU purchase. Why not announce it with what it's intended for?

$IREN: Secures 50k B300 GPUs! For those who have been following, $IREN's personal bottleneck is GPU deliveries bottlenecked by HBM, not power or DC construction. Today's secured 50k B300 GPUs which is ~100MW of air cooled DC. Where Deployment? Childress as mentioned as one of the sites with air-cooled datacenter to host these: "IREN expects to deploy the additional GPUs in phases through H2 2026 across its existing air-cooled data centers in Mackenzie, British Columbia and Childress, Texas." Additionally IREN expects to purchase more and have "Existing data centers at Canal Flats and Childress provide capacity to support additional GPUs over time". This signifies that IREN is working on another purchase to secure GPUs for Canal Flats and the rest of Childress. Customer Deal? Now that IREN has GPUs for Mackenzie locked up and some extras going to Childress. I expect to see a deal for Mackenzie by end of April. I also expect a SW1 deal for the first 200MW block by end of April. April is also when H1 will be performance tested by MSFT and Revenue for H1 starts in May. IREN would have validation from MSFT as proof of capability as a milestone for it's SW1 negotiations. I suspect the customer for SW1 will either have their own ASICs like TPUs or have higher priority of GPUs as a hyperscaler which it can improve IREN's GPU delivery priority. H5-10 Childress's GPUs will be after Mackenzie's installation. This will still be H2 2026 but closer to Q4 so it's deal may be signed later. Positive Aspects 1. ARR at end of 2026 will be $3.7B, raised from previously guided3.4B ARR. IREN does not float an ARR target off backlogs, IREN's guided ARR means operational power and secured GPU deliveries which in IREN's case the bottleneck if GPU deliveries. Neutral Aspects 1. These 50k B300s cost $3.5bn of Capex. IREN's previous B300s were at a unit cost of 80k each or $4B for 50k B300s. IREN's new unit price is 12.5% lower and GPU time has gone up in price, but B300s have been released for 8 months longer. Could Be Better Aspects 1. Delivery is spread throughout H2 2026 - including GPUs, servers, storage, networking, labor and ancillary equipment. Basically entire supply chain and installation. I wish GPUs were instant plug and play but this ignores the real world constraints of supply chain, burn-in test, and performance test.

@McnallieM @IREN_Ltd Wen Kent? 🤣

The market is starting to take notice... 460/4500 MW's @IREN_Ltd 👀👀👀 $IREN

@McnallieM @IREN_Ltd Wen? 😅

@Sean__James @IREN_Ltd Yessir!

Incredible to see the transformation at Childress only a few months after our @IREN_Ltd site visit!!! 🤯🤯🤯 $IREN

@mikealfred Any golf trips booked?

@YodaStockInvest $IREN ebitda margin 85% whilst NBIS is 24% 💀

$NBIS MUCH CHEAPER 2026 valuation than $IREN $NBIS MC : 2026ARR = 22B : 8B = 2.75 $IREN MC : 2026ARR = 13B : 3.4B = 3.8 NBIS also has more cash on hand and strategic investments and other businesses. Both have their advantages though and I own ~50/50 of both currently.

@McnallieM Wen Kent?

Looking good here $IREN!!! 🔥🔥🔥

$IREN Sweetwater 1 HD 2/15/2026 ~Made possibly by OnlyFrans™️ 1. A grand total of 3 primary substations are identified with an expected 750MW of gross and 450MW of IT load to be available at 36.5kV. 2. Two of these have transformers available in Texas, but currently not visible on-site. This would mean 500MW of gross capacity could be energized in H1 2026 at 36.5kV. 3. IREN is grading land for mass construction of a new data center design on both sides of the FM611. The site will be ready for actual structural works by April. 4. All of this will depend on manpower. Will they be able to pull 2-3k bodies to this site? The last information I got says they are confident that Abilene will help them fill the open roles soon, and the contractors are eager to work at Sweetwater 1. 5. The utility substation is being expanded. The switch without this upgrade could transport as much as 3GW. with a 25% increase in footprint, could Lone Star be adding 1.5GW of hardware? @IREN_Ltd's flagship site is taking shape. We are taking notes. More to come. Edited and upscaled by @HArctander

@ValMThatcher @TheSecretAcct I take it you’re using the free chat bot and not a paid high performance enterprise solution 🤣

@TheSecretAcct @Sean__James .chatgpt can’t even compare simple loans over different time periods at the moment - it’s got a long way to go!

I wonder what law firms will look like when AI deflates their fees by 90%.

@McnallieM Wen Kent 😀

Looking good on a Friday!!! 🔥🔥🔥 $IREN

@AndyGoode10 @RugbyPass England by 20

Scotland on the ropes already and England arriving with confidence after 12 wins on the spin should make tomorrow’s Calcutta Cup match some spectacle! England by 6. Have a read of my preview with my column for @RugbyPass here 👇🏼 rugbypass.com/news/more-on-t…

@McnallieM Will there be a post earnings IREN interview?

Do you think bottom is in on BTC and Stocks???

@McnallieM @LandoInvests Do you have an IREN call locked in post earnings?

@LandoInvests CFO on tomorrow!

$WULF making moves 👀 I wonder what $CIFR and $IREN have cooking up