Jonathan

@BitcoinAIGuy @jimcramer I know this is fake but I could totally see him saying exactly this.

CRAMER: SERIOUS INVESTORS WOULD NEVER ROTATE FROM $NBIS TO $IREN Have fun staying power insecure @jimcramer $200 $IREN IS DESTINY

@AbudBakri I literally dont know how I make it through these Canadian winters each year lol

For the first time in 3 years I had a 4 day stretch where I didn’t get my usual sun exposure I felt absolutely terrible. Then I remembered this was my “normal” before I took the circadian and sun pill Imagine a patient locked inside the hospital for days or weeks…

@JMesritz @jiahanjimliu Any thoughts on $NUAI

For me, i am selling about 1000 shares of long term capital gains $TSLA. I would like the option of transitioning some of that back to Tesla in a year when they hopefully have a ramp more visible. At that time i would evaluate IREN and KEEL to see what of the three has the best growth possibility. I definitely want to be on the long term Tesla trajectory. I could see that once IREN shows their ability to build that more investors will prebuy the 5GW ramp and the price might be a bit high and a good time to rotate.

I am thinking to go all in on $IREN and $KEEL, then when a deal is announced rotate fully into the other until a deal is announced there and then rebalance. I also have $NUAI and could load into that. I was in Bitf in $2s and IREN in 40s. Any thoughts? @jiahanjimliu @FransBakker9812 @KashRamki

@jiahanjimliu @JMesritz Do you have a certain price target for IREN to hit before you branch out to other stocks you like? Or are you just going to stay fully concentrated for at least 5+ years?

@JMesritz It's not easy to time deals but it depends on your confidence to do so. I don't think they would go anywhere zero as long as AI spend holds up. I am 95% IREN myself but would caution others to not take such high risk as myself.

@jiahanjimliu Do you know when IREN would have to place an order for VRs to get them asap in 2027? And do you think that would affect when they make a deal in coming months?(i.e. we need to make a deal by this date in 2026 to get VRs by this date in 2027)

Why are people saying $CRWV brought up the first Vera Rubin NVL72 (1) when $MSFT powered on for validation in March (quoted) and finished validation in April? Sometimes there’s mis-information on X due to lack of context or implicit qualifiers that get dropped when passed along too many times. Like possibly MSFT’s is used internally and CRWV’s is the first publicly available Vera Rubin? Anyway, the more important thing to note that having small batches of Vera Rubin’s up doesn’t mean there can’t be delays in ramp due to yield. Yield is not all or nothing. Just like GB300, we might see a 1-2 quarter delay in the ramp. Full ramp is not easy at all, very challenging. GB300 ramp only hits stride in H2 2026 by the way. (1) x.com/stocksavvyshay…

@jiahanjimliu @EndicottInvests I'd take Anthropic at 1T over spaceX at 2T anyday. And I'm bullish on SpaceX.

@EndicottInvests Undervalued. Anthropic is the next Hyperscalers.

@SmallCapSnipa Oh this is great news for neoclouds. Lfg

JUST IN: Elon Musk clarifies that SpaceX compute deal with Anthropic is 6 months with mutual 90-day cancellation, not multi-year I guarantee Anthropic will need even move computing power 6 months from now Something tells me we may see another deal with a Neocloud soon ⚡️

@jiahanjimliu I'm kind of starting to see why Dan Roberts wants to be so patient and wait it out for a deal. Maybe the wen deal people got it badly wrong after all.

@jonathan_nhl Yes there is a higher premium since Anthropic was literally in a drought. However getting anywhere in the vicinity of that deal would be great.

Anthropic paying 1.25B/month or 15B/year for 300MW or 220k GPUs. Bare metals. Please sign $IREN up for this. IREN Mackenzie GPUs online later this year.

@chinoalemano You keep saying power like its the only thing that matters. It's time to compute that ultimately matters. Is IREN still building the data center out and buying all the GPUs and installing them? This is silly.

@jonathan_nhl Knock knock. It's NVIDIA. We've got this proposal. We have a very important customer who wants power, 2GW. These are our terms, take it or leave it. No? Alright, bye.

$IREN - There are three things we know. ➡ That NVIDIA wants DSX to succeed, because otherwise it looks bad for them. ➡ NVIDIA picked SweetWater for 2GW. ➡ NVIDIA let IREN announce this deal on their earnings call. If they already had the customer lined up for this campus, obviously they'd announce it on their own earnings call. They won't let IREN announce it, lol. The customer could be xAI (speculation).

@chinoalemano Well its IRENs land, datacenter, and power. And Iren would be buying the GPUs and taking all the risk.. so.. IREN would??

@jonathan_nhl If NVIDIA found a client, in this hypothetical, Anthropic, but they needed energy, went to IREN for it. Who should announce it? IREN or NVIDIA?

@adcock_brett Now do it all over again tomorrow and see who wins.

Congrats to Aime!! He said his left forearm is basically broken 😂 Final scores: → F.03: 12,732 packages (2.83 seconds/package) → Aime: 12,924 packages (2.79 seconds/package) This is the last time a human will ever win

@Gobbb111 I think the shift was largely due to the influence of Nvidia. Jensen basically said if you want to be a partner and join the other neoclouds you need better software capabilities.

$IREN I noticed a pretty significant shift in management's strategy during the recent earnings call and interviews that I think we need to discuss. Specifically, I’m seeing a complete flip-flop on two major fronts: Hyperscalers vs. Enterprise and the Software Stack. 1. The Pivot from Hyperscalers to Enterprise/Retail Margins Previously, the narrative was all about securing massive, wholesale, bare-metal deals with Tier-1 hyperscalers. But in the recent call, they suddenly shifted focus toward enterprise/retail users, claiming hyperscale margins aren't attractive enough. Past Management Stance: > "Our primary go-to-market strategy for our AI Cloud is providing massive, bare-metal compute capacity directly to wholesale hyperscalers who want to manage their own workloads." Recent Pivot: > "While hyperscalers offer scale, the margin compression there is real. Targeting enterprise and specialized retail AI users allows us to capture significantly higher premium margins per GPU." 2. The Software Stack Contradiction (The Mirantis Acquisition) This is the part that bugs me the most. For quarters, management insisted that IREN didn't need to waste capital building or buying a complex software layer because the market just wanted clean, raw power and bare-metal infrastructure. Then, out of nowhere, they acquired Mirantis (a cloud software company). Past Management Stance: > "We don't need to overcomplicate the business by building a proprietary operational software stack. The moat is the power and the bare metal." Current Stance (Post-Mirantis): > "Acquiring Mirantis gives us the full-stack capability to offer end-to-end cloud solutions, vertically integrating our hardware and software layer." 3. The 4GW Question With this shift in direction, it makes me wonder: Can they actually fully monetize and contract their massive 4GW pipeline without anchoring a massive, long-term hyperscaler deal? Retail and smaller enterprise clients are great for margins, but they don't fill gigawatts of data center capacity overnight. Don't get me wrong—I understand that management needs to adapt their strategy as the AI market evolves. Flexibility is good. But pivoting so drastically on core pillars—without clearly explaining why the previous thesis changed—definitely shakes investor trust a bit. How do you guys feel about this pivot? Are you happy they are chasing higher margins with Mirantis, or are you worried about the lack of a massive hyperscaler anchor tenant for the 4GW capacity? I wonder if there's any change in their mind after the first Microsoft deal.

@bitcoinbutcher1 You learned from all of those mistakes just in-time for the beginning of the AI super cycle. Early innings.

Pick winners, delay gratification, win. Your typical FinX influencer quickly will tell you about their greatest wins in attempt to create a following and even generate income from subscribers; that's not me. I'd rather tell you about my biggest loss and what I have learned along the way that I closed this past Friday. A little background: my love for financial markets started 20 years ago in high school when I would check the ticker for $MNST fka Hansen Natural for family members because my late uncle worked as a sale executive and informed our family of the generational opportunity. At 17, I could not take advantage but saw a future for myself in markets. My first win came in the depths of the Great Financial Crisis when I bought $F at around $2 before selling in the low teens and I got hooked on that high but the truth is I got lucky and could not articulate the purchase at the time beyond hearing their CFO say they had enough cash to survive the downturn. Informed speculation at best. Fast forward to 2007 during COVID after studying accounting in undergrad and finance for my masters and I had a few more skills to invest. My buddies kept harassing me about bitcoin:native and I finally bit learning about the exploding M2. I full ported into $MARA $RIOT shares before pivoting to bitcoin:native ethereum:native and made life changing money. Unfortunately, I chose to custody my assets in @BlockFi chasing yield and not fully understanding the power of self-custody. This lapse of judgement cost me 80% of my crypto as @FTX_Official collapse cascaded and I waited for my remaining 20% in Chapter 11 BK distributions. Undeterred, I kept stacking bitcoin:native until I heard this @mikealfred guy on X talking about $IREN and decided to learn more via @danroberts0101 @PeterMcCormack podcast before I sold all of my bitcoin:native at 90k and bought $iren below $8 for the first time in fall of 2024 with a plan to sell into a bitcoin:native rally before learning about how artificial intelligence is changing the world. Along the way I learned about another company $CIFR and decided to bet on @rftylerpage when Barber Lake initially did not get signed and the stock fell below $5 after being at $7. Fast forward to January of 2026 and I decided to get more aggressive in my strategy to recoup lost gains from the 2025 year end correction. I went long on $60 calls for May 15 and sold the majority of my shares to fund. On March 30th, that position was down 97.5% and I almost lost everything but never sold the position. Things ended up working out this past week as $IREN partnered with $NVDA and I was able to salvage my portfolio but took a big hit in the process. At the same time, Jensen saved my ass and I'm still in the game. I pissed away shares in a generational opportunity because of my impatience and arrogance because I thought I could predict the timing better than the market. At the same time, I also had the humility to realize that I would no longer leave it to chance this past week and closed my position on Friday. The irony is this was never about the house, watch or car that I wanted to buy. I just wanted more time with my wife and future child but in the process I've taken time away from her as I work through tax planning and portfolio strategy right now instead of just buying, holding and adding along the way. That will never happen again. It's a great privilege to self-manage your money and an even greater responsobility. My DMs are always open for those who need the outside perspective. Best, BB

@SmallCapSnipa @mikealfred Vera nice place

@mikealfred Rubin’s?

With just an 8.5% chance of winning the lottery coming in, the Toronto Maple Leafs will be selecting first in the 2026 NHL Draft 🤯

@jiahanjimliu They have to go all in on Vera Rubin now. Makes future deal with IREN even more likely imo.

Part of Anthropic mis-calculated compute needs is how much they can get out of TPUs in practice. TPUs look strong on paper with all their white papers but Nvidia is engineering that works in practice. People in engineering understand that there can be a large gap between theory and practice. Last year when Gemini was all the hype, there was some signal on X that Blackwells would bring Nvidia back into singular monopoly position. Now with Gemini falling off and Anthropic compute constraint due to their heavy TPU mix are both showing. Nvidia is the undisputed king again. White papers, benchmarks and theory falls flat in the face of know how and real world performance.

@_Sgr_A_Star Why did it go down in Jan-Feb?

$IREN $NBIS $CRWV $ORCL As if we needed another metric showing us just how parabolic things have become on the AI spend front, here's another: This is an LLM Token Expenditure Index - it's an index designed to capture the cost of 1 million tokens across the broad LLM market. Think of this Index as sitting downstream from GPU/Hr rates indexes that I share. The takeaway? The cost of 1M LLM tokens has gone parabolic too. 👀