Important context on timing. $IREN is incredibly visionary, which is why it has >5 GW of secured power and a >35 GW development pipeline supported by >30,000 acres of land. That scale comes from navigating the regulatory process while creating real value for all stakeholders. The facilities are grid-connected for reliability and run on 100% renewable electricity, while also providing flexible load that helps balance the grid. Gas-powered or space data centers don’t deliver that same broad value to stakeholders. Once politicians fully grasp the value AI brings, the $IREN process gets even faster keeping terrestrial renewable data centers dominant for a long time.
$SPCX 🧐
Matt Garman, CEO Amazon Cloud, on orbital data centers:
“they are highly unlikely to be economically feasible or practical in the next decade or two”
Looks like $IREN’s terrestrial data centers will dominate for a lot longer 💪View quoted post on X
