Sum of the Parts: How $IREN gets to $300 The wise @nanotitan28 once said confluence is đ. Let's take this opportunity as a follow up to $pltr TA similarities to dive deeper into $iren verticals and assign a napkin math valuation. Building world class data centers from the ground up allows $iren the flexibility to exercise multiple use cases across properties, giving the company more leverage as it negotiates colocation and/or CSP services. I found this especially relevant after listening to @GaryCardone @theMiningPod interview in which Kent Draper, CCO, defined the three ways $iren will make money: 1) Colocation - used market comps of closed deals and assumed a premium to historical average due to shortage facing hyperscalers; think $meta in tents. With that, applied value framework discussed in @KashRamki podcast 2) Bitcoin mining - Took $clsk, a pure play miner with the same 50 EH and backed out HODL to get to an implied equity value of mining ops 3) Cloud Service...
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