"Our share of frontier AI compute is increasing We have deepened our collaboration with Anthropic and are delighted to be a strategic partner to expand their compute capacity. We will support the company's growth trajectory through AWS, Azure, CoreWeave, StacyX AI, AND MORE"

"we are growing share in the hyperscalers because we now have much bigger support from Anthropic, a new partner of ours, and we are helping them expand their capacity greatly in the coming years."

"And we added Anthropic to our partnership this year. They are expanding incredibly fast. We have partnered with them to secure computing capacity across Azure, AWS, CoreWeave, I FORGOT WHO ELSE WE HAVE ALREADY ANNOUNCED but there is a whole list of others that we are bringing online for them."

"So the amount of capacity that we are gonna bring online for Anthropic this year and next year is going to be quite significant. Very significant."

Big things on the horizon! Never would've guessed the Bitcoin miners were AI's next move... and this is just the start I have a feeling.

Massive part of my port is iren. Holding long term, haven't sold not once. Been keeping it and buying & planning on doing so for next 2-5 years to reevaluate.

Where do you think our stock price will be 2-3 years?

Hei, what do you think about data center in orbit? Huge investment are being provided to new satellites manufacturer companies.

Do you think it will shift some attention from iren ?

We all have to admit it. It's the truth that IREN is still in storytelling mode. While there can be big potential, there're also lots of risks.

Secured power, land, etc don't matter. What really matters is AI revenue. The company only has $33M AI revenue in Q1 2026 but with $18B market cap. That's why NBIS runs very well this year but IREN doesn't. It's easy for IREN bulls to lose their mind just because they bought the stock, so they think they're right and they try to find all excuses to prove it even though lots of times, they're wrong. That's why we see so many "idiots" on X and reddit says the execution is good, on track, the ATM is good, no need to rush for a deal, etc.

Folks, there's only 1 MU, 1 SNDK which can go 10x+ out of hundreds and thousands of tickers. It's extremely hard to predict tickers which can go 10x in the near future and 99% of time, people are wrong. We just need to admit it.

Since this fund's inception it has only increased its share count of IREN. Meanwhile they dropped CIFR and HUT completely. Thoughts?

NEW YORK, May 18, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the acquisition of Awaken, a creative and media agency specializing in content strategy and brand development for high-growth companies.

As part of the transaction, Awaken will cease independent operations and senior members of the team will join IREN under executive employment agreements, including Founder and CEO Chris Parker, who will lead IREN's brand and marketing strategy.

Awaken has served as IREN’s lead external marketing partner, supporting the Company’s AI Cloud growth initiatives. Bringing the team in-house reflects IREN’s focus on strengthening brand awareness as IREN expands into new regions and customer segments.

As IREN scales across North America, Europe and APAC, the Awaken team will play a central role in building a globally recognized brand and ensuring IREN's market positioning keeps pace with its growing platform and customer base.

Daniel Roberts, Co-Founder and Co-CEO of IREN, commented: “As we expand across new geographies and customer segments, brand awareness and customer engagement become increasingly important. Chris and the Awaken team have been trusted partners to IREN for some time, and bringing those capabilities in-house was a natural next step as the platform continues to scale."

Chris Parker added: “IREN has built a differentiated platform and a strong foundation for growth. I'm excited to join the IREN team and help elevate our brand and reach to match the scale of what we are building.”

Hey everyone, long-time IREN shareholder here. I still strongly believe in the company’s long-term infrastructure moat, but I noticed a pretty significant shift in management's strategy during the recent earnings call and interviews that I think we need to discuss.

Specifically, I’m seeing a complete flip-flop on two major fronts: Hyperscalers vs. Enterprise and the Software Stack.

1. The Pivot from Hyperscalers to Enterprise/Retail Margins

Previously, the narrative was all about securing massive, wholesale, bare-metal deals with Tier-1 hyperscalers. But in the recent call, they suddenly shifted focus toward enterprise/retail users, claiming hyperscale margins aren't attractive enough.

• Past Management Stance: > "Our primary go-to-market strategy for our AI Cloud is providing massive, bare-metal compute capacity directly to wholesale hyperscalers who want to manage their own workloads."
• Recent Pivot: > "While hyperscalers offer scale, the margin compression there is real. Targeting enterprise and specialized retail AI users allows us to capture significantly higher premium margins per GPU."

2. The Software Stack Contradiction (The Mirantis Acquisition)

This is the part that bugs me the most. For quarters, management insisted that IREN didn't need to waste capital building or buying a complex software layer because the market just wanted clean, raw power and bare-metal infrastructure. Then, out of nowhere, they acquired Mirantis (a cloud software company).

• Past Management Stance: > "We don't need to overcomplicate the business by building a proprietary operational software stack. The moat is the power and the bare metal."
• Current Stance (Post-Mirantis): > "Acquiring Mirantis gives us the full-stack capability to offer end-to-end cloud solutions, vertically integrating our hardware and software layer."

3. The 4GW Question

With this shift in direction, it makes me wonder: Can they actually fully monetize and contract their massive 4GW pipeline without anchoring a massive, long-term hyperscaler deal? Retail and smaller enterprise clients are great for margins, but they don't fill gigawatts of data center capacity overnight.

Don't get me wrong—I understand that management needs to adapt their strategy as the AI market evolves. Flexibility is good. But pivoting so drastically on core pillars—without clearly explaining why the previous thesis changed—definitely shakes investor trust a bit.

How do you guys feel about this pivot? Are you happy they are chasing higher margins with Mirantis, or are you worried about the lack of a massive hyperscaler anchor tenant for the 4GW capacity? I wonder if there's any change in their mind after the first Microsoft deal.

Let's discuss.