$IREN JUST REPORTED INSANE EARNINGS.
$IREN just made the bearish thesis much harder to defend.
AI Cloud revenue surged 182% QoQ to $200M, the company delivered a double beat, and its backlog grew 22% to $20B.
With 86% AI Cloud gross margins, substantial GPU prepayments, a growing 35 GW pipeline, and a target of over $4B ARR by January 2027, $IREN's growth potential may still be significantly underestimated by the market.
It's honestly hilarious to see $IREN down this much.
I didn't realize the retail community was so soft.
Capitulation is really flowing through all these people, as well as margin calls.
Run the numbers, and you'll see how impeccable this industry will be.
I guess it'll just have to take longer to hit the hundreds, even though it will, and people selling at $18 will just be a stat showing how idiotic some investors are.
I genuinely don't understand what is going on in the minds of retail investors.
Let's make this as simple as possible to understand. AI is NOT going extinct. Anyone who argues that is completely wrong, no matter the regulations put on it.
That is a key technological advancement in society that will power even more unimagineable technologies.
Therefore, when AI inevitably prevails, you are going to need an AI infrastructure company to store power and compute, and that is where $IREN and $NBIS come in.
People who are arguing that $IREN is a losing stock and company are either mad that they lost so much money in $IREN, or CLEARLY does not understand how the world works.
Don't you realize how reliant the world is on AI now? Students can't think without AI, and companies want to replace people with AI because it is much cheaper and AI won't mess up and can work 24 hours a day.
I don't care what your stance is with AI, but I hate to break it to you; it is not going anywhere. Hence why companies like these neoclouds physically can't go away, unless they are in the infant stage, and with tougher regulations, can't obtain permits anywhere.
$IREN being down 11% shows me how much capitulation is affecting these clueless retail investors.
Texas being blue was BULLISH for $IREN, and there's no doubt about it.
The governor wants to support the already built data centers, and the only argument is that SW2 is harder to get up by 2028.
Besides that, there is only more leverage for $IREN, who now controls Texas in terms of data center production.
Their cost and power are only going to go up now that it'll be more strict to receive permits for building, which will make the compute much more expensive.
Regardless of short-term price action and the stock being up 9% today, this stock is going to be a tremendous winner over the next decade.
Some people still can't comprehend how the capex situation and minor debt problem are ALREADY funded and well positioned to not affect $IREN at all. This stock is not $WULF nor $CRWV, which both have terrible debt problems.
Once earnings come out Thursday, the stock price will be irrelevant. We have seen amazing earnings still drop a stock 10%+ because of the AI scare. What we need to be looking out for is the management team addressing a clear roadmap to success and what they have been doing.
I think it will be bullish to see the massive transition finally from bitcoin mining to AI infrastructure.
$IREN reports earnings on Thursday, and there is a lot to look forward to.
We are going to see a MASSIVE transition from bitcoin mining revenue to AI infrastructure revenue, and it will continue to reaffirm the conviction that $IREN is not going anywhere.
They are a big-time player in this sector and will continue to demonstrate that each and every quarter.
People will be looking back at this stock ina couple years, wondering why they weren't investing in this company at $23.
Check out my new video going over why $IREN and other neoclouds have been getting torched over the past month.
THIS Is What's Happening With NEOCLOUD Stocks. youtu.be/inv1yCX_QwQ?si=kPS9… via @YouTube
$IREN just closed a $363M financing deal with Wingspire, backed by SIX lenders.
People have been saying that neoclouds can't get any financing, but it was always just the ones with skewed financials...
$IREN is one of the top two positioned neoclouds to run once macro and market sentiment switch.
The moves this company has made and the adversity they will overcome in the end are outstanding.
Jim Cramer said there is more downside for AI infrastructure stocks, and this is a fake rally...
That is the most bullish sign for this sector.
We are bottoming in the sector and may have some more pullback, but we are going to be getting amazing earnings from the increasing AI use.
Keep an eye out for all the companies reporting this week and neoclouds reporting next week, like $IREN.
