Location really is everything for these AI compute plays. IREN's proximity to existing grid infrastrucure and lower land costs gives them a real edge on deployment speed compared to NBIS. The Microsoft deal proves that hyperscalers are willing to pay premiums for immediat capacity rather than wait for new builds.
Location really is everything for these AI compute plays. IREN's proximity to existing grid infrastrucure and lower land costs gives them a real edge on deployment speed compared to NBIS. The Microsoft deal proves that hyperscalers are willing to pay premiums for immediat capacity rather than wait for new builds.
Great deal for $IREN indeed!
Yep!
Yes, well summarised!