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A few months ago, I changed my mind on IREN
Today, I still believe IREN is one of the best opportunities
2 GW of approved capacity in their Sweetwater data center is massive
A deal for that capacity could be an industry game changer
Even if they only pursued colocation, at 2 million of revenue per MW, it would mean 4 billion in new sales with a 90% potential EBITDA margin
At 20x EBITDA, Sweetwater alone would imply a 36 billion valuation potential, twice the current market cap
If you want to get the deepest insights into all the data center opportunities, check out my data center industry analysis and don’t invest blindly
Nov 8
at
10:55 AM