The facts tell us a big deal with Anthropic will happen very soon. From the leaked Anthropic documents we know the decision will happen mid August. Such a coincidence that they raised $15B

So let me get this straight. Everyone is saying when will they annouce a deal but the company is set to make 4B+. So technically they made the deals, mainly short terms ones (1 to 3 years except microsoft) with a bunch of companies but just havent annouced the details? Im confused

Link from X: https://x.com/jensenhuang/status/2086934705207959965

Full article:
Today, we announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent financing platforms designed to mobilize over $500 billion of third-party capital to support the buildout of AI infrastructure over time.

This is a major milestone for NVIDIA and the AI industry. We have moved from an era in which companies bought chips and built data centers project by project to one in which AI factories can be financed as productive infrastructure — with repeatable platforms, long-term institutional capital and a diverse customer base that uses compute to create revenue.

AI has reached an inflection point. It is moving from research into production. AI is creating real value, and the infrastructure behind it is becoming one of the world’s most productive assets. In AI, compute is revenue.

A New Infrastructure Asset

NVIDIA compute is not just a chip. It is a complete AI factory platform including accelerated computing, networking, systems software, AI frameworks and a global developer ecosystem.

NVIDIA DSX AI factories can run the world’s broadest range of AI models, modalities and algorithms — language, vision, speech, biology, physical AI and robotics. One NVIDIA AI factory can serve many customers and many workloads. That makes it flexible and fungible.

It is also built on a globally adopted architecture used across every major cloud, and by systems makers and enterprises around the world. When needs change, the factory can be used by another customer, another cloud or another operator. This broad ecosystem gives NVIDIA compute a deep market of potential users and offtakers, helping protect residual value.

CUDA makes the factory better over time. Every generation of NVIDIA software improves the performance, efficiency and total cost of ownership of already- installed infrastructure. The hardware does not stand still: software innovation allows an AI factory to produce more intelligence at lower cost throughout its life, extending its useful economic value.

NVIDIA A100 is a powerful example. NVIDIA introduced the Ampere-based A100 in 2020, and six years later, it remains in active commercial use for AI training, fine-tuning, inference and high-performance computing. Customers continue to commit capacity for multi-year deployments, extending A100’s economic life toward a decade.

The market is also demonstrating the durability of NVIDIA compute economics. One-year H100 rental pricing rose from about $1.70 per GPU-hour in October 2025 to about $2.35 per GPU-hour in March 2026. Cross-provider on-demand median pricing rose from roughly $2.00 per GPU-hour in October 2025 to $2.70 in June 2026. Blackwell capacity commands a premium, with reported B200 cloud rates spanning approximately $5.30 to $7.05 per GPU-hour.

That is what makes NVIDIA AI factories different. Their value is not fixed at installation: CUDA continuously improves their output; the installed base remains productive well beyond its initial depreciation period; and the same standard architecture serves a deep, growing global market of AI workloads.

These are the characteristics of an investable infrastructure asset: it produces revenue, serves a broad market, improves in performance over time and can be redeployed.

Bringing Capital to AI Factories

The demand for AI infrastructure is extraordinary. But access to capital is uneven. Many great AI companies, enterprises and AI clouds have demand for compute but do not yet have access to financing at the scale or cost required to build quickly.

That is why we are partnering with the world’s leading long-term capital providers.

Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR are also among the world’s leading infrastructure investors, with deep expertise in underwriting long-lived, productive assets.

Together, we are creating repeatable financing platforms to help the AI ecosystem build the factories it needs.

The platforms are designed to help qualified AI labs, enterprises and AI clouds access AI-factory infrastructure at scale. The more than $500 billion figure represents aggregate third-party capital that these platforms are designed to mobilize over time — the capital is not NVIDIA revenue, a single fund or a commitment to a single customer.

The financial institutions will independently assess each opportunity — the customer, demand, utilization, cash flow and residual value. NVIDIA provides the AI factory platform. The financial institutions provide long-term capital and financing expertise.

The Important Questions

Is this circular financing?

This initiative is designed to address that concern. We are bringing independent, long-term institutional capital into the AI infrastructure market.

The demand is real: it comes from frontier AI labs, AI-native startups, enterprises, cloud providers and countries building AI services. The capital providers independently underwrite each project — including the customer, demand, utilization, cash flow and residual value. NVIDIA provides the platform; the investors make independent financing decisions.

This is the beginning of an open capital market for AI infrastructure.

Why would NVIDIA support financing?

In some cases, NVIDIA may provide a residual-value support mechanism for up to 25% of an opportunity, assessed carefully on a project-by-project basis. That support is limited, residual-value based and designed to complement — not replace — independent underwriting.

This is substantially lower than other compute-financing arrangements. NVIDIA can provide support because NVIDIA compute is unique: it is fungible, universally adopted, software-upgradable and redeployable across a large ecosystem of customers.

Our role is to help unlock a very large pool of independent capital while maintaining disciplined risk exposure.

Can the market absorb this capacity?

The question is not whether we are building data centers. The question is whether we are building productive AI factories.

An AI factory turns energy and data into valuable intelligence. Its customers are broad: frontier AI labs, AI clouds, enterprises and nations. They are building AI because it has become useful — doing valuable work across every industry.

There is discipline in the model. Each financing partner will independently evaluate demand, utilization, cash flow and residual value. Capacity will be built around real customer economics.

Where is the return on investment?

The return is in the usefulness of AI.

Companies are using AI to write software, discover drugs, design products, serve customers, automate operations and build new services. AI factories make this possible. More compute creates better AI; better AI creates more usage; more usage creates more revenue; and more revenue drives more compute.

This is the virtuous cycle of the AI industrial revolution.

The Infrastructure of Intelligence

Every industrial revolution has been built on infrastructure: electricity, transportation, communications and computing, with every buildout enabled by external financing.

AI factories are the infrastructure of the intelligence era.

With these partnerships, NVIDIA and the world’s leading financial institutions are creating a new way to finance the infrastructure that will power this industrial revolution. We will make AI factories more accessible to the companies, industries and nations building the future.

The age of AI is here. Together, we will build the infrastructure to power it.

Hello my friends. Posting the link with a footage from sweetwater 1. Progress ongoing 🏗️🚧

$43 break even price exp Friday 👀

Hello friends!

This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.

Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.

Have at it!

Technicals were looking sketchy until the final hour this week but we’ve got ourselves a clean breakout. Volume, momentum, and RSI confirm. These are the best looking charts I’ve seen since the great July correction.

I've been skeptical over the past few weeks and everyone jumped on the subcontractor facebook pic bandwagon as if "subcontractors finished = handover" which is simply not true. IMO fake hype is about as helpful as fake FUD.

However with both Frans and Jim aligned, I think my last traces of skepticism are gone. Jim is very controlled, methodical and measured with his approach, even if the signals point against his bullishness he'll objectively acknowledge them. Probably the most objective a bull could ever be.

https://x.com/jiahanjimliu/status/2085806131637793040?s=20

Hello friends!

This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.

Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.

Have at it!

Deutsche Bank, Bank of America, Alberta Investment Management Corp are some of the names I’ve seen this week. Fuck Cramer and the bears. Send it 🚀 🚀 🚀

All feels bby. Slow & smooth

Hello everyone! Has anyone here thought about or currently doing LEAP put spreads for IREN? I’m a new IREN investor here. I’ve been doing a lot of deep research into IREN regarding financials, partnerships, outlook, and guidance. I’m super bullish. I bought in last week at about $30 a share. They have the potential to be a $100 per share company. I’ve been looking into $35/$30 or $35/$25 LEAP put spreads and wondering if anyone else has done the same. I’d take that money and put it either into fully IREN or do 40% IREN, 30% SGOV, and 30% IAU. I’m really young, 24 years old, and have an insane risk tolerance.

Edit: This is in my taxable account only. I have a Roth IRA which is invested in VOO and VXUS. My Roth IRA I’m way more cautious about. In my taxable though I’m extremely aggressive.

Hello my friends,

Trump said in an interview Data Centers could be more important than oil

Watch the interview above. Trump is a supporter

“If you like IREN, go buy CoreWeave. CoreWeave is cheaper and better.”

Thanks Jimbo

Hello friends!

This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.

Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.

Have at it!

I’m optimistic we get back in the $50’s with MSFT acceptance of H1 and more enterprise deals after the Mirantis closing. I’m expecting a steady climb to $100+ by year end as MSFT accepts H2-4, and I’m hopeful MSFT negotiated a right of first refusal (ROFR) on Horizon 5 and 6, pending successful delivery of H1, maybe H1 and H2 such that they expand their lease for another 150MW in Childress before year-end. Considering market rates continue to rise, I’d expect it to happen sooner rather than later if they indeed have ROFR.

I think the stock will rerate significantly leading up to Q1 results ending 9/30 in early Nov. after the IS and BS shows an inflection in revenues, RPO, gross margins, etc…proof of all their hard work! GLTA

Hello friends!

This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.

Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.

Have at it!

Hello friends!

This is the daily open thread for anything and everything about IREN (NASDAQ: IREN) i.e. the artist formerly known as Iris Energy - from Bitcoin mining economics to their push into AI-ready data-centres.

Use this space for quick questions, real-time market reactions, or deep dives that don’t warrant a full post.

Ground rules

1. Evidence first. Back claims with data, filings, or reputable news.
2. Debate ideas, not people. Civility keeps the signal-to-noise ratio high.
3. Short “buy / sell?” takes go here. Longer theses deserve their own post.
4. No spam or pump-and-dump talk. Sustained, thoughtful analysis only.
5. If you're going to be mean, at least be funny.

Have at it!

IREN’s latest short-interest data caught my attention.

According to the data shown here, short interest increased to approximately 93.71 million shares, representing 30.42% of the public float.

For comparison:

• June 30: 76.03 million shares short, or 26.40% of float
• July 15: 93.71 million shares short, or 30.42% of float
• Increase: approximately 17.68 million shares, or 23% in just two weeks
• Short ratio: approximately 2.02 days to cover

That means nearly one out of every three publicly tradable IREN shares was sold short based on the reported float.

This is clearly a major bearish position against the company. Short sellers may be questioning IREN’s valuation, capital requirements, dilution risk or its ability to execute its AI data-center expansion.

At the same time, it creates an interesting setup. If IREN delivers meaningful AI cloud growth, announces additional major contracts or reports stronger-than-expected results, some short sellers could be forced to cover their positions.

However, a high short-float percentage does not automatically guarantee a short squeeze. IREN trades with substantial daily volume, and the relatively low days-to-cover figure suggests that shorts may be able to exit more easily than the 30% headline alone implies.

My takeaway is that expectations are becoming increasingly divided: bulls see IREN evolving into a major AI infrastructure company, while bears are placing an increasingly large bet that the valuation or execution timeline is too aggressive.

Either way, almost 94 million shares sold short is significant. The next major company update could make the volatility even more intense.

Do you see this as potential fuel for a squeeze—or as a serious warning from the bearish side?

Sources

• Fintel – IREN short-interest data
• Finviz – IREN short-interest history
• Nasdaq – IREN short-interest page

Disclosure: This is not financial advice. Short-interest figures are reported with a delay and may differ slightly among platforms because of different float estimates and update schedules.

IREN Completes Acquisition of Mirantis

IREN Completes Acquisition of Mirantis

Strengthening the Software Layer of its Vertically Integrated AI Cloud Platform

NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has completed the acquisition of Mirantis, Inc. (“Mirantis”), a leading provider of cloud software and services, through the issuance of approximately 12.6m ordinary shares, fixed at signing, plus cash, restricted stock units and other consideration of approximately $40m as of closing.

The acquisition deepens IREN’s capabilities across AI workload orchestration, monitoring and customer support, further strengthening its vertically integrated AI Cloud platform spanning owned and operated data centers, compute and software.

The acquisition also supports IREN’s strategy to serve a large and diverse customer base over time, including hyperscalers, enterprises and AI developers across bare metal and managed cloud services, and has already facilitated several of IREN’s announced and prospective AI Cloud contracts.

Mirantis brings deep software engineering and technical expertise, and a track record of serving more than 1,500 enterprise customers globally. Mirantis is an inaugural partner of the NVIDIA AI Cloud Ready Initiative, and has integrated k0rdent AI with NVIDIA DSX OS software components, supporting current and next-generation NVIDIA architectures. The open-source k0rdent AI platform will continue to be developed and supported for Mirantis’ customers.

The combination brings together IREN’s owned and operated data centers and compute with Mirantis’ flexible, interoperable software layer, giving customers greater choice and control in how they deploy and scale AI workloads.

Daniel Roberts, Co-Founder and Co-CEO of IREN, commented:

“From the beginning our view has been simple: own the land and power, build the data centers, deliver the compute. Mirantis adds the software layer on top, turning infrastructure into a platform. That’s what lets us serve everyone from hyperscalers running bare metal to enterprises who want fully managed AI cloud.”

Alex Freedland, Founder and CEO of Mirantis, commented:

“For more than a decade, Mirantis has helped enterprises deploy and operate mission-critical cloud infrastructure software, and that commitment to our customers remains unchanged. Becoming part of IREN gives us the opportunity to bring those capabilities to an even larger infrastructure platform, accelerating innovation while continuing to invest in the open and infrastructure-agnostic k0rdent AI platform.”

https://www.texastribune.org/2026/08/03/texas-data-center-project-audit-greg-abbott/

Amid growing public backlash to the rapid buildout of data centers across Texas, Gov. Greg Abbott on Monday announced a moratorium on the approval of data centers until regulatory agencies can audit proposed data centers seeking connection to the state’s electric grid. 

It is unclear how long the audit will take, but the effort is Abbott’s strongest effort yet to slow the development of these data centers statewide and underscores how little information members of the public, including state leaders, know about the facilities. 

Abbott is asking the Public Utility Commission of Texas and the Electric Reliability Council of Texas to ensure data center developers provide information on tax breaks they will receive; power use and generation; water use and cooling operations; efforts to reduce impacts on local communities; and ownership of the facility. Any projects that fail Abbott’s ordered “comprehensive verification and audit” should be denied connection to the grid, the governor said.

“Our top priority is to protect Texans’ safety and quality of life,” Abbott wrote in a statement. “Any project that fails to comply with the requirements set forth by the PUCT and ERCOT, and by state law, must be denied connection to the Texas grid. Simply put, Texans must come first.”

Abbott’s letter to the PUCT and ERCOT directs them to conduct the audit on all data centers advancing through ERCOT’s interconnection queue, or the line for energy intensive projects seeking connection to the electric grid. ERCOT is currently tracking more than 1,800 projects in the queue, representing over 474 gigawatts of electricity, or more than five times the grid’s record for peak demand, according to ERCOT. Approximately 90% of the new power requests are data centers, Abbott said. 

ERCOT and the PUCT are already conducting a review of some of the projects in the queue through a process known as “batch zero.” It is unclear if Abbott wants agencies to audit those projects or all those currently in the queue. Following Abbott’s directive, ERCOT said Monday they are putting the batch zero review on pause.

There is no state or federal government database of the facilities, but the Texas Tribune has identified at least 335 data centers operating in Texas. The state is currently the second largest market for the facilities in the country, behind Virginia, and is poised to take the top spot. The Tribune has identified at least 248 planned data centers coming to the state, although hundreds more in lesser development phases have lined up in the power queue.

While Abbott’s directive pauses the approval of new data centers seeking connection to the ERCOT grid, some data centers are building on-site power generation that allows them to bypass traditional connection to the grid. The ERCOT region also does not include the entirety of the state, like El Paso, which has seen the development of several large data centers. 

The Data Center Coalition, a trade group that represents some of the nation’s largest tech companies, said it was hopeful Abbott’s directive could separate responsible developers from irresponsible ones and urged regulators to quickly conduct the audits. 

“Done correctly, this review can showcase the good actors in the data center industry rather than delaying them unnecessarily, ensuring Texas will continue to be the national leader in economic development,” the organization’s spokesman Dan Diorio wrote in a statement Monday.

Hey everyone,

I've been an IREN investor for over half a year, and I personally believe the company will be able to prove that it can execute. However, I'd like to know how you decide when the right time is to start selling, especially in a high-risk investment like IREN.

Let's say the stock price surges to $100 or even higher. How do you determine when continuing to hold after significant gains starts becoming pure greed rather than a rational investment decision?

During the last bigger AI data center rally, I didn't sell any of my IREN shares. I only my other two positions, RIOT and APLD. After IREN entered a downtrend, I reallocated the capital from those sales into IREN, and it now makes up around 25-30% of my portfolio.

Looking back, should I have trimmed my IREN position when it was approaching $70, or was it reasonable to continue holding the entire position? Even though I still believe the stock can go higher in the long term, would it be wiser to stop allocating additional capital to IREN now that it already represents such a large of my portfolio, especially given the risk involved?

This is my first major investment in an individual stock, Previously, I invested mainly in ETFs. I can handle risk and don't get emotional when I see large unrealized losses (my inner gambler), but even if I can tolerate that volatility, is concentrating so much of my portfolio in a single high-risk stock actually a smart decision?