nskschatten

Guess, @Tesla Model X has to wait a bit. Did a test drive for Model Y yesterday and price to value is unbeatable. My first new car ever - let's go.

@FransBakker9812 @Lenovo How do you fuck a spider? *mental images*

$IREN x @Lenovo x $DELL My new theory. First: 1. Dan said on our space(1) 2 weeks ago: "you can certainly buy GPUs outside of $NVDA, and in fact we do, you buy them through the OEMs". 2. He also said that the new 10MW IT load data center in Prince George may be deployed as liquid-cooled for the "1,000" GB300s (1,200 actually bought, rounded down), or installed as air-cooled. "but it's immaterial either way". With this in mind, and looking at the Lenovo case, I am considering the following: 1. $IREN rounds down 1,200 GB300s to 1,000 GPUs, this makes 200 GB300s worth "nothing", and 1,200 or 1,000 GB300s "immaterial". 2. Material or immaterial is being compared to either the $MSFT contract (76k), or to the fleet (currently ~150k disclosed as purchased). 3. IREN never cared to announce that they would be delivering the first NVL72 GB300 cluster in Canada with Dell(2), it was probably immaterial as well. 4. Dell delivered(?) these systems as pre-configured and fully integrated Dell Integrated Rack Scalable Systems, making an overlap with Lenovo's ThinkSystem nodes extremely unlikely. Now we have to ask ourselves: 1. If 648 nodes of Lenovo's ThinkSystem SR680a V3 holds 8 units of B200 GPU each, we get to 5,184 GPUs. 2. These are already deployed per today (see quoted post below), and as Dan said on the same space: they don't have GPUs energized in data centers that are idle. 3. Is this in any way MNPI to disclose? Based on all of the above, I think we can conclude that: 1. IREN didn't disclose a separate purchase of 5,184 B200s related to the Lenovo deployment. 2. 5,184 GPUs are probably immaterial for IREN compared to a fleet of 150k+ GPUs. 3. The purchase price of 648 complete SR680a nodes with B200 GPUs is probably around $350m, this is most likely immaterial for IREN with almost $10B of financing behind them. So: 1. IREN most likely didn't include these GPUs in their ARR guidance, as they were all based on Dell purchases that were disclosed. 2. So, these new GPUs could very well be deployed in their immaterial 10MW data center, and we would never know. 3. If so, these are not sitting idle, but are probably rented out for 3,4,5 years to AI natives and/or enterprises, forcing no MNPI disclosure either. 4. Even so, 5,184 B200s at $3.5 per GPU hour, would bring in ~$158m in ARR. 5. The additional 600x8 = 4,800 B300s at $4 per GPU hour, could bring in another ~$168m of ARR. I think it's completely plausible that $IREN has bought multiple smaller batches of <10k GPUs from different OEMs and other cloud providers, without telling the market. This Lenovo "discovery", was probably by request from, or a contractual obligation to Lenovo. IREN is setting up for a surprise to the upside in the coming 2,3 earnings reports. I have satellite imagery that confirms there is construction happening in Mackenzie, which could mean another "immaterial" data center is being contructed. I think we know now why we have a $6B ATM. I think they will tap this to pay for small <$500m purchases of GPUs to deal with the memory constraints, without having to access the debt markets. By the same token, they can tap the ATM to pay for the construction of these immaterial data centers, with possibly incremental immaterial megawatts. Everything is immaterial if it's small by comparison to the disclosures. IREN is here to fuck spiders, but they won't tell us about it. Not because they are shy, but because it's not going to move the needle. What it will move, is the revenue by aggregate, and the earnings surprise to the upside. The only thing that bothers me though, is the fact that Dell said in November 2025 that they will deploy Canada's first GB300 cluster with IREN, but Dan Roberts said 2 weeks they aren't sure what they will do with those "1000" GB300s they bought. Would Dell leave this on their website, if it never actually happened? I still lean to the "incremental OEM supplier" theory, and not to the "substitute OEM supplier". Typically IREN will disclose GPU purchases in their quarterly earnings reports, or their management discussion of the period. If not, I think this would make for a good analyst question. I am always very critical of lacking data points of the companies I invest in. For this reason (amongst others), $NBIS is uninvestible for me. $IREN on the other hand, claims they disclose much more than their competitors, and in a way that's true. But since we as retail investors are used to having the tools to calculate the future earnings, it's becoming quite hard to be precise enough, as the degree of immateriality is increasing, and there is basically an entire shadow operation going on outside of the disclosed projects and guidance. Many people like to blame IR. But I think this is a company culture "issue", if anything. But where we see a future of high margin earnings, the market sees a glass that is half empty. To be invested in $IREN, you need to have conviction, patience, and understanding. We do our best on here, to cover what we can find. But at the end of the day, the EPS will tell the story, and if IREN has indeed utilized their different OEM partners to deal with the time-to-GPU issue, then we will be rewarded to the upside. I'm long IREN, and I think 2026 will be our inflection year.

@CTVMontreal You don’t have bigger issues to deal with right now?

Air Canada CEO summoned to Ottawa over English-only condolence message after plane crash ctvnews.ca/montreal/artic…

@valerijatrades1 Good buy!

Good morning friends ☕️ Let’s see what the market gives us today. I started by adding some sats to my strategic reserves $BTC

@dollar_mara Doubt it as long as BTC is on the balance sheet, unless btc goes to zero of course

Okay I am going to say something the market wants to hear before doing the opposite $MARA IS GOING TO FUCKING ZERO

@valerijatrades1 Wow you must have good margin availability. Keep it going!

$IREN premiums just too good this week to pass up. Layer led up a few more cash secured puts this morning

@dollar_mara Sure sure and $SHIB to $1

$MARA to 100 tomorrow says Mike Alfred

@BitcoinAIGuy @Brennan_BTC22 I have a CC expiring this Friday!

@Brennan_BTC22 Define short…short the volatility by selling covered calls, or are you buying puts, or actually short?

It’s not too late for YOU! There is still hope! x.com/i/communities/…

@valerijatrades1 For sure is. Can never have enough $IREN

@nsk_schatten Thank you, i think its a good trade

I sold 5 $IREN cash secured puts today at the strike price of $36.5. The premium was great there, 1% return on your capital in one week. I would also love to own $IREN at this price, so this works for me either way

@BitcoinAIGuy So 43 CC is safe?

Dear God, if $IREN closes at $42 this week (max pain is currently $41) it’s a sign $IREN will announce a massive deal soon.

@wealthmoose True story. Requested MRI mid January, got an appointment beginning of November. I got one in Spain with 1 day notice but Canadian doctors don’t accept foreign MRI report for some unknown reason. Surgeon don’t see me before I have a Canadian MRI…

🚨🇨🇦 Ontario residents are now flying to the U.S. for private MRIs. A Canadian-owned clinic in Buffalo is happily taking their money. That’s “universal healthcare” in Canada: • Pay high taxes • Wait months • Then leave the country to get treated When waitlists are longer than flight times, “free healthcare” is just a slogan ..not a system. This isn’t compassion. It’s government-run rationing with better branding.🧐 @fordnation @MarkJCarney #Canada #healthcare #Cdnpoli #Onpoli

@KatKanada_TM Preaching to the liberals? They are too deep in the echo chamber

It’s not Trump making Canada unaffordable. It’s the Liberal govt that has been in power for over a decade.

@BitcoinAIGuy If only there was deal …

$IREN just needs a 210% move up to match $CRWV 's market cap

@BitcoinAIGuy Don’t confuse sales with delivery. Two different things. One promises the world, the other one has to deal with it. Trust me, I am in legacy large scale software 😉

BREAKING: live satellite image from $NBIS flagship site wen delivery?

@Tablesalt13 I bought one in Jan 😉

🚨BREAKING-- NEW CAR SALES IN CANADA PLUMMET January 2026 new car sales in Canada fall by 18.2% vs. Jan 2025 Only 8,826 new zero-emission vehicles (ZEVs) sold in January, a decrease of 39.3% YoY. -- Stats Canada. The consumer is BROKE, we are not our own best customer.

@jiahanjimliu Wen deal? 🥹

$IREN: When Deal -> GPU Production Ramp I made the mistake on forecasting deals for $IREN when I should have been forecasting GPU deliveries. IREN signs a deal when they have GPU deliveries, financing lined up. 1. When deal is dependent on GPU deliveries. 2. GPU deliveries is dependent on GPU Production Ramp. 3. HBM producers coordinates HBM ramps with GPU ramps. Peak B300/GB300s production is Q4 2026! Vera Rubins production actually peak in 2027!

@BitcoinAIGuy @KalshiTrade Shocking if true!

@KalshiTrade No way

JUST IN: Michael Saylor hints at buying more Bitcoin

@BitcoinAIGuy @KoretoffJohn Wen deal?

@KoretoffJohn Why buy OpenAi at $900B when you can buy,a highly liquid, $IREN for $14B that can be a future $900B+ company?

The best “picks and shovels” approach to investing in AI for the average investor is the infrastructure itself, not the current frontier models at these valuations. You have to remember most mainstream investors will be exit liquidity for the VCs that are subsidising the centralised frontier companies growth right now.

@bitcoinbutcher1 @FransBakker9812 @SmallCapSnipa @jiahanjimliu @marblesats I see, playing hard to get 🙂

@nsk_schatten @FransBakker9812 @SmallCapSnipa @jiahanjimliu @marblesats Not for lack of trying. Jim believes in scarcity to make his appearances more valuable 😉

$IREN Weekly Space 3/15/2026 @ 9PM Join us for another weekly IREN themed space. This week we will talk about everything software, tokens, and use-cases of AI. With: @SmallCapSnipa @jiahanjimliu @marblesats Co-Host: @bitcoinbutcher1 Will be recorded x.com/i/spaces/1AxRn…