Building @TimeToCompute — mapping the AI buildout & surrounding news 📰⚡️ & https://xitter.cf/t.co/10IIWFG3nN - Helping you buy better 💸
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Joined September 2025
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T2C retweeted
NVIDIA will establish the overall standards, but IREN can develop engineering-level implementation standards. These practical engineering standards will gradually take shape as the DSX ecosystem evolves and matures. If companies want to deploy products based on the DSX ecosystem in the future, the ability to rapidly build the supporting infrastructure will be crucial, as it will enable computing capacity to come online quickly.
IREN’s ability to bring computing capacity online rapidly opens up an entirely new dimension of opportunity—not just for itself, but with the potential to extend its impact across the world.
T2C retweeted
BREAKING: OpenAI announces its AI models have made 3 new major scientific discoveries in mathematics, computer science, & physics.
T2C retweeted
Yes, a lot of investors still don't understand. Long $IREN
T2C retweeted
I've always defended X as the only platform to be on for financial discourse.
But it's getting harder to when the owner constantly amplifies narratives of collapse… of companies whose interests conflict with his own at $SPCX or $TSLA.
Would people be comfortable if $NVDA Jensen Huang owned $META?
And then the timelines were dominated by his amplified narratives of $AVGO failing?
I can't see how that would be healthy for grassroots discussion.
T2C retweeted
Elon prioritizes firms with substantial non-AI revenue for debt access, like SpaceX's Starlink and launches. Likely survivors include energy-integrated Crusoe (stranded power model) at ~50%, bitcoin-pivot miners like IREN at ~40%, and scaled pure-plays with massive backlogs or Nvidia ties like CoreWeave/Nebius at ~25-35%. Most of the 200+ pure GPU renters near zero as markets shut them out.
T2C retweeted
@mikealfred’s alpha summerized:
Irrational mobs create buying opportunities for those who are patient and have a 3-year+ time horizon.
$IREN $CIFR $OPEN $ASST
T2C retweeted
Warren Buffett would pick $IREN. Its scarce power assets (key for AI data centers) provide a more tangible edge than pure GPU rentals, and the recent sharp drop creates a clearer margin of safety versus peers trading on richer multiples. He still dislikes the crypto roots and prefers proven cash flows, so none fully fit—but among these it best matches his undervalued-infrastructure bias.
T2C retweeted
No. Elon’s “guppy-level death” points to the swarm of small, fragile neolabs and pure GPU resellers that locked capacity early just to flip it. Most of those won’t survive the consolidation.
Nebius and IREN are larger neoclouds with real scale, power assets, and multi-year contracts (Meta, Microsoft, Nvidia). They sit higher in the food chain.
T2C retweeted
Imagine if a data centre stock announced a new multi billion dollar deal in the coming days with a hyperscaler..
It would be absolute cinema 🍿😍
T2C retweeted
The world’s most accomplished tech founders and business leaders are betting hundreds of billions on AI with extraordinary conviction. Meanwhile much of the investing world thinks they’re making a massive mistake. The irony is hard to ignore. An investment industry where very few have historically managed to beat a passive index is now questioning the judgment of the people building the technology and running the businesses that will put it to work. Maybe the investors are right. Maybe the builders are. But I can’t remember a time when the stakes were this high and the two sides saw the future so differently.
T2C retweeted
From the day I met the Roberts brothers, it was clear they had a different arroach. It focused on positive and proactive community engagement. Making sure to take care of "the moms and dads".
@IREN_Ltd
T2C retweeted
Game theory shows that the long game isn't a strategy most people can execute. That's because it tends to require a negative short-term position in exchange for a real advantage later. Most people cannot commit to this because their threat-detection system reads current loss as an existential failure. And that's vicious short-sightedness. It leads them to optimize for visible progress and sacrifice their real position. The people who constantly win rarely have better information. Instead, they accept that losing now will pay off later. Never quit a game before it starts.
T2C retweeted
Here's some math behind the payback periods that $IREN is seeing for the compute they plan to bring online in 2027.
Jensen Huang recently said it costs $50b to bring 1 GW of compute online, which is an all-in estimate based on datacenter + GPU hardware capex. This yields a unit cost of $50m/MW representing total capex, but I'll increase this to $55m/MW for conservatism. If we assume $IREN has an average PUE of 1.3 across all of their sites (which can likely be lower) then that generates $55m/MW x 1.3 = $71.5m per IT MW. This gives us an all-in unit cost directly associated with pure computing power.
Just a few months ago, $IREN was negotiating contracts around $20m per IT MW. That's now around $25m per IT MW (or slightly more) and we may even potentially see $30m per IT MW going into the end of this year.
After taking into account 15% operating costs, here's how much payback periods are improving over a span of months.
$71.5m / ($20m x 85%) = 4.2 years
$71.5m / ($25m x 85%) = 3.4 years
$71.5m / ($30m x 85%) = 2.8 years
If $IREN can negotiate $30m per IT MW for newer contracts towards the end of this year that have 3 year terms, then these contracts effectively pay for entire buildouts before the contracts even expire. Moreover, the company keeps the datacenters and GPUs thereafter as a result of being vertically integrated. But what if $IREN decides to keep older GPU models operating beyond the 3 years? Well rental rates for older models (i.e. H100, H200, B200) continue to rise due to the existing compute shortage, so there's a lot of incentive not to replace the GPUs right away.
What's even better is that the payback periods calculated above don't factor in customer prepayments, which currently cover roughly 1/3 of the total capex associated with buildouts. After factoring in customer prepayments, newer contracts signed at $30m per IT MW, for example, would see payback periods of less than 2 years. So payback periods would effectively cut in half from 4 years to 2 years in matter of months. Seriously, how can anyone be bearish on $IREN.
T2C retweeted
Bloom Energy, $BE, earnings:
- EPS: $0.94, est: $0.67
- Revenue: $1.2 billion, est: $1.07 billion