Dec. 26 at 5:46 PM
Agree, so many are at valuations where buying them makes more sense for hyperscalers than contracting with them.
$MSFT is paying
$IREN $10B for 5 years for 200MW. Why would a hyperscaler pay
$100B for 2GW for 5 years for SW when they could buy the entire company for half that and get almost 3GW and whatever
$IREN has in its undisclosed pipeline.