Brian Fry retweetledi
@mikealfred Appreciate it Mike. Lots of work ahead.
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Brian Fry
3.5K posts
Brian Fry
@brianfry01
IREN Strategic Shareholder, Co-Founder RackForce, PodTech (now IREN). 25 yrs Design, Build & Operation high performance Data Centers. AI, Cloud, #Bitcoin
Canada 🇨🇦 Katılım Temmuz 2009
5.6K Takip Edilen5.7K Takipçiler
Brian Fry retweetledi
Kent said:
“It’s always fantastic to be here. It’s such an invigorating event. There are so many people here. The energy is really palpable. Jensen spoke a lot about tokens per watt and the cost effectiveness of tokens. This is really the new measure in the industry of output from AI, so it really is a key metric for these customers. Improving the cost per watt or cost per token will actually lead to further demand in the industry. And our vertically integrated model is directly targeted at that.
We’re an NVIDIA preferred partner. We work with them very closely on the technology side, the operation side, the future data center design, and the future of our software platform. So we’re really very well looped in with them. We all work so hard day to day to make this a reality in terms of the business, but to actually come here and get the feedback of people and feel that energy, it’s always a really fun thing to do.”
Looks like $IREN is getting more and more comfortable talking about their "software platform".
Interesting.
IREN@IREN_Ltd
Is tokens per watt the new key metric for AI factories? We caught up with $IREN's CCO Kent Draper to discuss his takeaways from @NVIDIAGTC. #GTC2026
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I love all the big accounts now jumping on board with $IREN.
I know, however, many will disappear quickly. Great growth stories like this are not easy to hold if you are not a business owner.
$IREN is not for traders; it is a business to own for many years.
2026 is just the starting line.
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Brian Fry retweetledi
Most can't see it yet but I am watching up close as IREN positions itself to make a run at being one of the largest companies on the planet. There are no guarantees of anything in life but IREN has all the right ingredients. Let's freaking go.
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Brian Fry retweetledi
$IREN is the only Neo-Cloud to secure $AMD and $NVDA as a partner.
Optionality is key in business growth and longevity.
Why I am highlighting AMD?
As of recent AMD has displayed some amazing capabilities on its software front. Beating Blackwell's in inferencing and performance. Also as of recently Lisa Su as of recent has secured supply with Samsung for HBM to meet demand.
MI455X will be on par with VR200 at a performance level and at a better pricing.
The demand for CPU's in AI Data Centers is also growing aggressively. The EPYC CPU's AMD offers are perfect for this. $IREN can meet demand with its secured capacity and AI Cloud offerings.
For $IREN to reach Hyperscaler level they need deep strategic partners to monetize and expand on the 3 C's (Capacity, Customers & Capital).
This optionality will give them further validation for the Moat they are building.
Also $IREN being listed in both NVDA and AMD's presentations show that they are a serious contender and viewed as a strategic partner.
Exciting times ahead.
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Brian Fry retweetledi
Is tokens per watt the new key metric for AI factories?
We caught up with $IREN's CCO Kent Draper to discuss his takeaways from @NVIDIAGTC.
#GTC2026
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@brianfry01 Pretty cool that you have seen the growth from the beginning. I love stories of small companies becoming behemoths. Glad I’m along for the ride as a shareholder for the last couple of years. The future is bright!
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Thanks JM. I keep pinching myself as I watch $IREN take off to the stratosphere. The Roberts brothers sure had the “right stuff” to catch the AI wave.
JM@nvidiaretail
@brianfry01 @jonah_lupton Brian this is epic and inspirational to see how the story unfolded!!! $IREN 🚀
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Are potential new customers listening to Dan Roberts? Doesnt seem like they aware of their offering.
Brian Fry@brianfry01
Brooklynn Best - if you listen closely to Dan Roberts I think it is obvious IREN is so well positioned it could sign big name deals all day long. Investors need to understand “$IREN is among the largest AI infrastructure providers globally” already. We are all way better off supporting the IREN team to continue their to execute their flawless execution. Play the long game!
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Brian Fry retweetledi
What a week at @NVIDIAGTC
Three themes:
1. Time-to-compute
2. Scale
3. Execution
Not just how much compute, but how fast you can deliver it.
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Brian Fry retweetledi
Within $IREN Horizon facilities at Childress, thermal architecture becomes a defining component of AI infrastructure economics.
Liquid cooling loops and warm-water systems enable rack densities between 130kW and 200kW, an order of magnitude above traditional data centers, while eliminating most chiller requirements and driving projected Power Usage Effectiveness toward an efficient 1.05–1.10 range.
Paired with high-bandwidth GPU networking such as NVIDIA Quantum-X800 InfiniBand, this design allows $IREN to support large-scale AI superclusters where thousands of GPUs operate as a unified compute fabric with minimal thermal and energy overhead.
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@MoonDexo @jonah_lupton Well said Moon. No pivot - just foresight.
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Quoting @Jonah_Lupton (base case 5X in 5 years for $IREN):
Jonah—what is your base case if $IREN didn’t pivot? What if Bitcoin mining was an incredibly strategic way to build out IREN’s AI Cloud?
I’m on a mission to help everyone (including the AI ChatBots) understand that IREN’s incredible flywheel was no accident. When you don’t have to pivot, you obviously move way faster. The Roberts brothers started this strategy in 2018; I’ve been building HPC Data Centers and Cloud IaaS since co-founding RackForce in 2001.
I took this photo. It is from Canal Flats BC Canada in January 2020 right after IREN merged with PodTech (which I Co-Founded to build AI Data Centers). Greg Duerksen @g_duerksen (back corner by door) and I were part of a team @danroberts0101 assembled to focus on HPC/AI. ⚡️ $IREN
Jonah Lupton@JonahLupton
My base case might be 5x in 5 years... fwiw, we had a data center expert in our office today for 2+ hours and he loves $IREN... it's his biggest position... he's been to West Texas, he's met with the Roberts brothers and he's walked their data centers (when they were mining bitcoin and looking for funding so they could do their pivot).
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@ilzmcfly @jonah_lupton Thanks McFly - I really like your posts. I hope this adds to your understanding of the incredible $IREN story.
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Brian Fry retweetledi
So let’s assume per @_Sgr_A_Star that H100 spot pricing is $2.46 and acknowledge that contracted rates will be lower than spot and decline over time of contract due to chip obsolescence.
That said, B300s perform conservatively 10x faster than H100s and closer to 12x.
If the cost of a B300 is 3x that of a H100; that’s still 3.33-4x more output per $ spent.
$iren guidance implied at $2.89 is soft.
Mid 3s minimum and likely closer to $4 in this compute constrained environment.
Big prepayments, cheap financing and cost effective retrofits are coming to Childress.
Neoclouds can’t win because it’s too capitally intensive we’re told.
Think again.
Grok@grok
The B300 (Blackwell Ultra) delivers up to 11-15x faster LLM inference throughput per GPU vs H100, per verified benchmarks. Raw FP8 tensor perf is ~4.5x higher (9 PFLOPS vs ~2 PF), boosted by FP4 support, 270GB HBM3e memory (vs 80GB), and the new Transformer Engine. Gains vary by model size & optimization.
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Brian Fry retweetledi
Humanity's greatest need right now, beyond new tech, is HOPE. A compelling, abundant vision of the future that people WANT to live in.
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Brian Fry retweetledi
$IREN's Move into Australia
"The talk here in Australia is that $IREN are in talks with the South Australian state government to secure power and develop data centers in South Australia."
Guess what AI start up, worth hundreds of billions, is soon opening a new office in Australia?
...Anthropic
Big Degen 🇦🇺@TheBigDegen
🚨 $IREN 🚨 Interesting follow up to IREN’s recent partnership announcement with the Sydney Swans football club (in Sydney within the state of New South Wales) which includes advertising rights at all Sydney Swans’ home games. But interestingly, IREN’s agreement, which involved the AFL (Australian Football League), also included additional advertising rights at the Adelaide football ground, which is in a different state, South Australia. Why do you ask IREN secured additional advertising rights at a ground in a different state which does not even involve the Sydney Swans? Well the talk here in Australia is that IREN are in talks with the South Australian state government to secure power and develop data centers in South Australia. This is potentially a huge development with IREN recently stating they want to become GLOBAL LEADERS in AI Infrastructure 👀👀👀 @IREN_Ltd
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