andy

we're gonna see 2-3 rates cuts by December

If you don't wake up excited and go to bed tired, drop everything and think of what your future will look like if you keep repeating the same day for the rest of your life. Sit with that discomfort until a new direction appears.

@Heretaate @jiahanjimliu nvidia does not need to invest to coerce iren

@therealandrewwu @jiahanjimliu I wonder if those warrants are as valuable to Nvidia vs to Robert. Its more fitting if Robert is actively trying to secure preferential treatment from Nvidia via ownership vs for Nvidia IREN is just a cheap call option for strategic purposes

$IREN Gold State Jersey: Why? As a software engineer, I dislike advertising spend. My first reaction was negative: why would IREN spend $20m a year on NBA advertising? The previous Golden State Warriors sponsor, Rakuten, had a 3 year 60 million contract to get their logo on the Golden State Warriors Jersey (1). Those were in GS's championship contention years but likely the price is still around that price range. Some people are mad at @danroberts0101 for communicating that IREN was targeting hyperscaler customers that don't need software or marketing. Both the Mirantis acquisition and the GS sponsorship are without a doubt not for selling to capacity to hyperscalers and Metas of the world but for small enterprise customers that currently need orchestration software. So why the sudden pivot? This comes back to Nvidia GPU allocation and Nvidia's incentives. Nvidia's mold of the Neocloud is one that competes with the hyperscalers. Nvidia is not going to allocate GPUs to IREN if all IREN is going to do is build out capacity for Microsofts and Metas of the world when both are attempting their own ASICs. Nvidia is going to allow IREN to sell some capacity to hyperscalers but they better also be benefitting the Nvidia agenda. To fit the Nvidia agenda, IREN needs to be compete against the hyperscalers for customers. You see, hyperscalers own the customer relationship and are attempting to swap out the GPU layer with their own ASICs ala TPU and Trainium. Nvidia need to hedge with a different store front for these small enterprise customers. Nvidia has worked very hard to secure HBM, with Jensen essentially going to Korea to kowtow to SK and Samsung for capacity and HBM is sold out for all of 2026 (2), so it's clear that GPU is sold out for 2026. GPU access is essentially HBM access since they are co-packaged. GPU access problem for IREN in 2026. In order to address this for 2027, Nvidia probably demanded the following: become a Neocloud that sells to small enterprise customers. IREN has no choice but to agree and make the pivot for half their capacity. This is clear in the sequence of events: 1. Nvidia sets up IREN to acquire Mirantis for orchestration software. 2. IREN becomes a Nvidia partner and Nvidia is given options to buy IREN stock contingent on GPU deliveries. 3. IREN has to show up and market to small enterprise customers. Showing up means acquire-hire of Awaken marketing company and sponsoring GS so that IREN will hav reach to small enterprise customers. Once Nvidia sees that IREN is getting traction with small enterprise customers, then Nvidia will be able to allocate IREN GPUs as it benefits Nvidia's long term strategy. Going forward IREN will sell both to large enterprises and small enterprises. Small enterprises to fit the mold that Nvidia has for Neoclouds. IREN has to fit the Nvidia mold to not repeat it's 2026 problem: GPU priority. IREN will be getting enough GPUs to fill out it's 3.7B but getting them later in the schedule delayed debugging of it's current buildout. I expect IREN to hand over H1 in late July or August and clear expectations for bring up. H1-4 will be IREN's large enterprise deliverable and IREN will likely have to sell to smaller enterprises for the 50k B300s ordered earlier this year. This will require the Mirantis acquisition to finish in August which also explains why the 50k B300s are un-contracted for now.

having worked closely with many founders and executive teams, my view is that most people overestimate how "evil" the most productive Americans are and underestimate how much the whole system runs on their competence. today's political culture romanticizes the bottom half of society ~47% of federal spending now goes to social and welfare programs. Social Security, Medicare, Medicaid, aid. we borrow to cover it and are on an unsustainable debt path the incentives are broken. politicians win by handing benefits to organized voting blocs and billing working class taxpayers who are too busy working to organize/fight back. "compassion" is the cover story for what is structurally vote-buying. no one is held accountable because the bill comes due after they're gone. NYC is the same thing at city scale. the solution? buy-in on the American Dream and small business friendly policies, reinvigorate the values behind hard work, agency, financial literacy/investing, and teaching people the power of compounding

@mikealfred market is pricing in a slow down in growth and inflation for july. bearish next 2-3 weeks

It's too early to say but I've been doing this for 25 years and this is exactly what a major turnaround day feels like if we can manage to follow through all the way to the close today. Would be the perfect setup for July. Let's see. Worth a watch.

@SenSanders @GlobalCollapse you could always… buy Apple stock 😱

Corporate greed is Tim Cook, the billionaire Apple CEO, claiming that hiking prices on Apple products by over $200 is "unavoidable" after it made $112 billion in profits last year & spent $310 billion on stock buybacks. These price hikes aren't unavoidable. They're unacceptable.

@SpursVentura 🤣🤣🤣

It is time…

@jiahanjimliu they didn't need to acquire a marketing agency to know $50 million to sydney sweeney would've been more effective in impressing the valley's nerds

1. & 2. as we agree, NVIDIA has supply leverage. equity is redundant for coercion and is self-harming. they already control the supply. so why invest and then push IREN toward lower-value enterprise deals that hurt that very stake? its unlikely those warrants get triggered at $70 without a very substantial contract. 4. coercing customer downstream conduct is textbook tying. they'd be ushering in the DOJ with a red carpet to investigate. why not do both hyperscaler/enterprise? A hyperscaler on IREN's fleet is running NVIDIA chips either way which is incremental demand. I think the delay in new deals comes down to having enough negotiating leverage to extract maximum value. that's why it makes sense to entertain enterprise

1. Hyperscaler deals are lower risk but higher margin. Nvidia prioritizes hedging it's existential but small risk of HS using ASICs to take market share from Nvidia GPUs rather than 8.4% of IREN at $70. 2. Nvidia and IREN cannot announce this officially, however if you read the incentives, the conclusion is clear. Nvidia controls GPU allocation. This is basically the gun and was IREN's problem in H1 2026. 3. Yes the 50k B300s are not contracted because Mirantis deal closes in August. However Mirantis is not needed for hyperscale deals. Only enterprise deals. 4. Of course Jensen has to say they don't play favorites. What else can he say?

$NBIS has the orchestration capabilities to offer a full cloud solution to companies outside of the hyperscalers. that makes them a negotiating threat. $iren just recently bought mirantis and is not there yet. while hyperscalers may prefer bare metal, you can't enter a negotiation without other options. that's key if you want to extract as much value as you can. the growth potential in $iren still exceeds all of the neocloud players today, but i believe this explains the desire to invest in marketing @bitcoinbutcher1 @FransBakker9812

@collinstimbela_ combine mag threonate with glycinate and you'll feel even better

Took magnesium glycinate last night and just woke up feeling like I slept for a thousand years 😳.. I need the scientific explanation RIGHT NOWWWW. Yes this is my stuff 🤎🤏🏾

@Lazarus_Capital @dgkittyx @danroberts0101 @JoshInvestsAI Are you dumb? If they thought iren was a zero they wouldn’t accept an all stock deal

@dgkittyx @danroberts0101 @JoshInvestsAI Mirantis basically called IREN's cloud business a ZERO!! IREN paid over half a billion to be called a ZERO!!! this is bad

HAHAHAHAHAHA $IREN @danroberts0101 just dropped $625m on Mirantis who used their time at RAISE summit to 💩talk their new parent. IREN cloud "is not a business model" credit to @JoshInvestsAI who caught this

@0xParabolic_ @EndicottInvests yup

@EndicottInvests I think this solidifies there’s already a deal in place. Imo. $IREN

Don't worry guys $IREN got an NBA patch on a jersey before another deal Great use of the ATM team!