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The strategic partnership with $NVDA is great for $IREN (up to 5GW of global AI infra) but very few still see (and talk about) the fact that $IREN is a bit more than just an emerging growth story but a future hyperscaler itself in the making trying to own every piece of the stack
At the rate of growth they're bringing MW online and developing capacity I wouldn't be surprised to see them be a $100-200B+ in the not so distant future (thinking next 3-5 years)