Shared on 03 Nov 25
Fair value Increased 10%The Hyperscaler Catalyst Arrives: $9.7B Microsoft Deal It’s happened. The hyperscaler deal we’ve been anticipating since my last update has finally materialized - and it’s a big one.
Shared on 15 Oct 25
Fair value Increased 23%IREN Update: Fair Value Touched and a Brilliantly Structured Raise What a morning. If you’ve been following the markets, we’ve seen sharp drops, liquidations, and rebounds over tariff concerns in just the past 48 hours.
Shared on 25 Sep 25
Fair value Increased 173%IREN Investment Thesis Update: The Institutional Awakening and the Path to $70 For those following the IREN story, the transformation from a Bitcoin miner into a premier AI infrastructure provider is no longer a forecast: it’s a reality. The recent market activity is not a random surge but a structured, multi-phase evolution.
Shared on 06 Aug 25
August 2025 Update: Relentless Execution, Mounting Optionality Since my last update, Iris Energy has continued to execute with precision. July’s operational update confirms the company remains firmly on track, scaling both its Bitcoin and AI infrastructure with discipline and speed.
Shared on 03 Jul 25
Fair value Increased 64%Since publishing my initial thesis on Iris Energy, the company has exceeded expectations across all key dimensions. As a result, I am raising my fair value estimate from $16 to $26 per share , reflecting stronger conviction in the company’s emerging AI infrastructure business and its scalable data center blueprint.