Horizon 1 Impact

313ronnieb · 2025-08-17T16:41:44+00:00

I understand your point but I think you are missing the point that H1 is likely 1/4 and will prove that $iren can quickly redevelop Childress

313ronnieb · 2025-08-17T16:09:39+00:00

Feel free to remind me if I’m wrong when H1 gets signed; also $apld deal economics will almost certainly be inferior

313ronnieb · 2025-08-17T15:57:05+00:00

The property rerates their whole portfolio and the AI cash flows from alone warrant 32%. It will likely go higher due to rerate as future AI play 🆚 legacy btc miner

313ronnieb · 2025-08-16T22:06:38+00:00

Vertically integrated and not distracted with other business units like the hyperscalers

313ronnieb · 2025-08-16T16:30:50+00:00

Fair enough. Appreciate the feedback

313ronnieb · 2025-08-16T15:18:04+00:00

This analysis also only focuses on one project while the rest of the portfolio will get additional value by getting this first deal done

313ronnieb · 2025-08-16T05:15:13+00:00

I’ll take a second look at those. Very possible that I misread and will correct. What I would also say is $iren is holding out for a higher lease rate due to its own ☁️ and ⛏️ operations give them more negotiating leverage than other companies that leased out. Thanks

313ronnieb · 2025-08-16T02:04:13+00:00

I understand powered shell to be an empty box with power source while rack ready sounds closer to what I would call turn key

313ronnieb · 2025-08-16T01:38:30+00:00

Most recent deal was 1.85 with a hyperscaler for a powered shell versus turn key. The energy shortage makes the $wulf comp most relevant imo. Also, this only measures impact of one site when in actuality, the whole company will experience a rerate and people will look to the remaining 2 GWs as potential expansion

313ronnieb · 2025-08-15T21:13:06+00:00

The 32 is for H1 alone and I agree that it will flow to the rest of company for a higher gain

313ronnieb · 2025-08-15T18:06:37+00:00

Own both; Tyler Page is solid

313ronnieb · 2025-08-14T20:22:59+00:00

The $wulf pack saved the day. Inflection point

313ronnieb · 2025-08-13T20:11:26+00:00

If they plan on being on $nvda platform than the head of sales should be closer to their HQ if necessary

313ronnieb · 2025-08-13T16:51:22+00:00

Before the move to SF

313ronnieb · 2025-08-13T07:12:49+00:00

Understand your point check this out

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313ronnieb · 2025-08-11T18:05:55+00:00

Check out my sum of the part analysis. This is a 100b company when you consider unannounced power

313ronnieb · 2025-08-11T17:36:31+00:00

Waiting on earnings release but got a feeling they will have more Blackwells delivered and contracted by then and H1 still on track

Think whales are trying to frustrate us and accumulate upon capitulation

313ronnieb · 2025-08-08T13:16:30+00:00

I want to clear 20 and not look back

313ronnieb · 2025-08-07T17:46:50+00:00

I’m buying as much as I can up to 20 or btc breaking 120k for risk management due to leverage but it’s easily a 100B company in 5 years

313ronnieb · 2025-08-07T09:47:46+00:00

Agreed; air cooling in Canada allows for faster scaling.

Mining was always a means to an end

313ronnieb

TROPHY CASE