Anthropic has signed ~$517 billion worth of compute leases representing 14.8 GW since October 2025. That number excludes the 1.4 GW / $15B they look to secure in Australia, which I believe is coming soon. This is just the beginning of Anthropic’s compute push.

$IREN Is it finally time for IREN? That 30/33 zone has been the base since Sept 2025 tested and held it three separate times over the last 12 months. Now it's pushing right into the 200dma, testing that line for real. This is a very solid base built over a long time. If it can push through and hold the 46/48 zone, this could be a big breakout.

IREN is going significantly higher if it successfully converts its power and data centers into AI infrastructure. The central thesis is that IREN is increasing both the amount of AI capacity it operates and the revenue it earns from each megawatt. IREN’s Microsoft contract generates approximately $9.70 million in annual revenue per megawatt, while its Nvidia contract generates about $11.33 million per megawatt. Recent contracts are being priced above $20 million per megawatt, with active discussions approaching $25 million per megawatt. This means IREN may eventually earn more than twice as much revenue from the same power capacity compared with its original Microsoft contract. The right side of the chart also shows that IREN is participating in a market where major AI companies are signing multibillion dollar contracts to secure computing capacity. IREN’s Microsoft agreement represents approximately $1.94 billion in annualized contract value, while its Nvidia agreement represents about $680 million per year. The chart compares those contracts with larger agreements involving CoreWeave, Nebius, AWS, and SpaceX, some of which are worth between approximately $2.3 billion and $15 billion annually. This demonstrates that demand for reliable AI computing capacity is large enough to support very long term contracts. IREN is not simply renting out empty data center space but rather providing complete AI infrastructure that includes Nvidia GPUs, networking equipment, cooling systems, electricity, software, and ongoing operations. The company has a five year, $9.7 billion agreement with Microsoft and a five year, $3.4 billion agreement with Nvidia. IREN has also reported approximately $4 billion of contracted annualized revenue for its 2026 capacity, although some of that revenue will only be recognized after the facilities are completed and the GPUs are operating. The company is targeting approximately 480 megawatts of AI cloud capacity in 2026 and 1.2 gigawatts in 2027. This creates the possibility of significant revenue growth because IREN could add more capacity while also earning substantially more revenue per megawatt. Bullish on IREN and if you enjoyed reading this, make sure to follow @MelvinInvests for more AI infrastructure. If you want to see exactly what I'm buying as an analyst at Milk Road Pro, check out the link below and join access to our team full of analysts for just $1.

$KEEL : Looks like. Add ✅ it’s like Buying $CIFR at $5 a yr ago. Management’s stated 2026 goal is signing three leases —> one each at Panther Creek, Sharon, and Moses Lake — > by end of year. The stock is essentially “one contract away” from being re-rated as a strategic AI infrastructure owner. A signed hyperscaler lease before December is the binary event that gets $KEEL toward the $6–10 targets. Secondary catalysts into year-end: •Q3 earnings (~November) — any lease pipeline commentary or LOIs •Panther Creek / Pennsylvania permitting progress (they’ve been active on PA data center policy) •Sites coming online — company says it’s fully funded through 2028 and expects major catalysts as sites come online