Jan. 10 at 4:17 PM
$NBIS $IREN
You are mistaken about
$IREN management. They spent 20 years in infrastructure, mostly renewable energy, before founding
$IREN.
$IREN is among best of breed in data center infrastructure build out, as proven by their 50mw/month build pace in late '24-early '25.
Your comments about advantages in a proprietary software platform hold water looking backwards, but coding cost have dropped more than 90% in the last year, and are expected to drop more than 90% in the next year; software is becoming rapidly commoditized. My friend's 17yo son vibe coded a Microsoft office clone (word, Excel, power point) for his high school senior project, and finished in under 2 months.
In the meantime, physical infrastructure costs have gone up nearly 50% in the last year, and demand/supply imbalance is worsening. For
$NBIS to continue to grow beyond currently contracted power, it will have to outbid the likes of
$MSFT,
$GOOG, and
$X, companies with access to 100x + the capital and at cheaper rates.
