Strategic Investment Newsletter lynalden.com/investing-news…

$IREN May 23 Update - Avg hashrate of 5,510 PH/s, 508 #BTC mined, $13.5m revenue - Fully-funded expansion to 6.5 EH/s underway - Raymond Chabot Grant Thornton LLP appointed as new auditor

$IREN Jun 23 Update - Further validation of revitalized HPC strategy #ai - Record avg hashrate of 5,587 PH/s, 428 #BTC mined, $11.7m revenue - $0.6m (~22 BTC equiv) estimated power sales at Childress - Targeting ~9.1 EH/s potential data center capacity expansion by early 2024

Paul Prager Anthony P⭕️wer IREN IR TeraWulf Kerri Langlais Paul Prager, not sure who pays baseload power prices in ERCOT. FYI, $IREN is operating with NEGATIVE power prices in Texas so far for August. i.e. we've been *paid* to take power. x.com/irisenergyco/s…

$IREN's Childress data center maintained stable operations through extreme intake temperatures of up to 111°F (44°C) during July, validating our industry-leading proprietary air-cooled data center design

$IREN's VP Operations (Canada) Glenn discusses our next-generation data centers and how we are contributing to the digitization of society #Bitcoin #AI #HPC

🚀🌍 15 years since Satoshi's white paper! Young people today have a powerful tool to break free from the property trap. #BTC empowers us to save and invest, without being tethered to the monetary premium baked into inflated house prices in order to get ahead.

DC 3 structure and internal framing well underway at $IREN's 600MW Childress site 🏗 #Bitcoin #HPC #AI

$IREN Jan-24 Update -Operating capacity increased to 6.2 EH/s -H1 2024 – expansion to 10 EH/s ongoing -H2 2024 – pathway from 10 EH/s to 20 EH/s -341 #Bitcoin mined, revenue of $14.5m #Bitcoin #HPC #AI

$IREN announces commencement of @NVIDIA H100 GPU cloud ☁ service with leading AI company, poolside - contract secured following rigorous customer testing requirements - initial 3-month term with additional 3-month extension option

$IREN triples its AI cloud services business to 816 @NVIDIA H100 GPUs - Additional purchase of 568 @NVIDIA H100 GPUs for $22 million - Growing customer demand driving rapid expansion of AI cloud - Now enabling customers to train AI workloads with up to trillions of parameters

"The federal government under Prime Minister Justin Trudeau is investing heavily in artificial intelligence or AI, with a $2.4 billion package announced as a part of the 2024 budget. One company involved with AI, is IREN, formerly known as Iris Energy..." ckpgtoday.ca/2024/05/16/ire…

A few people asking how the numbers look for each new EH/s of capacity we are adding. 1 EH/s = $30m capex - Revenue: $19.6 million - Electricity cost: $4.5 million - Hardware Profit: $15.2 million - Payback period: ~15 months miners only, ~24 months miners + infrastructure

For those comparing $IREN’s recent convertible notes to $MARA and $CORZ, here are some key distinctions: 1. Debt Tenor: $IREN issued 5.5-year debt, extending beyond the next Bitcoin halving (3.5 years away), mitigating refinancing risk during a potentially volatile period. $MARA