$IREN's community engagement is underrated Ever since the political climate in the US started turning against data centers, a lot of developers have suddenly discovered the importance of calling themselves "good community stewards." But contributing to local communities goes much deeper than handing out grants once opposition starts building. A few $IREN bulls and I had the opportunity to visit the Childress site last year, and one thing became very obvious after spending several hours with management: $IREN takes community engagement extremely seriously. One of the key people behind that effort in the US is @nicoletakespics (Nicole Dill), $IREN's Community and Employee Relations Manager, who we had the chance to spend several hours with alongside operations leadership. She walked us through the multi-step approach $IREN takes around every site, and I genuinely think the company has built something close to the gold standard here. That matters because it increasingly insulates $IREN from a category of political and community risk that is becoming much more relevant across the industry. For one, you cannot expect local residents to embrace you with open arms if you build a giant data center right on their doorstep. Since day one, $IREN has deliberately targeted sites well away from dense residential areas. That obviously creates a trade-off around latency, which is why the fiber piece matters so much. $IREN selects sites with strong fiber connectivity into major network hubs such as Dallas, allowing it to build remotely without sacrificing the connectivity required for AI workloads. That combination is one reason I believe $IREN's secured power portfolio deserves to be valued at a premium. You are not "just" getting hundreds of megawatts of low-cost power, all of it sourced from renewable-heavy grids.... You are getting power, land, fiber connectivity and physical separation from residential communities all in the same package. That overall setup is much harder to replicate than any single component on its own. The next layer is local procurement. One thing management emphasized during our visit was how aggressively they try to source materials locally. And that does not stop with the data center halls themselves. It goes all the way down to the office buildings on site, from lumber and concrete to furniture and other materials wherever possible. To rural communities that means a great deal. Many of these local economies are built around tradespeople, contractors and small businesses. When a project the size of Childress arrives and starts directing procurement toward those businesses, the economic impact spreads far beyond the people directly employed by $IREN. The same philosophy applies to labor. $IREN prioritizes local contractors and workers wherever possible and has built strong relationships with many of them over time. The way it was explained to us was almost like a radius system. Start as close to the site as possible for labor and materials, and only expand outward once local supply can no longer meet the requirement. That is very different from simply defaulting to a handful of large national suppliers and flying outside contractors into town. Then you have the more visible side of community engagement through grants, donations and direct support. $IREN has supported local schools, youth sports, fire departments, food programs, community events, First Nations organizations and various nonprofits across the communities surrounding its sites. And sometimes that support is much more immediate. @FransBakker9812 just reported that $IREN has been delivering pallets of drinking water to residents across Childress County, with @nicoletakespics helping coordinate the logistics behind the operation. That is the difference I think investors should understand. $IREN is NOT trying to write a few checks after community resistance appears. Instead it has built community engagement into the development model from the ground up, starting with where the site gets built, then extending through procurement, labor and direct community support. We are still in the early innings of the data center boom, and I do not think the market assigns much value to this yet. But over time, I think that changes... As more projects run into permitting delays, political resistance and hostile local communities, the reputation of individual developers will matter a lot more. And I think this is one area where $IREN has quietly positioned itself extremely well. Being known as the developer that communities actually want around could eventually translate into a very real competitive advantage when it comes to building out a massive multi-gigawatt pipeline. $IREN's community engagement shows that there are levels to this, and most developers simply aren't up to par.

Beautiful daily & weekly closes on $IREN. I feel like we’re close to another major run-up in the stock. $IREN is simply too undervalued for it not to violently re-rate eventually. 📈