Jim Liu(@jiahanjimliu):Always respected Daniel so I’ll raise to his debate here. The argument has never been that IREN has a better technical team than NBIS. In what post has any IREN bull argued that? The argument is that Nvidia has better software/firmware than both NBIS and IREN could ever write and that more AI Natives will be able to work on bare metal or very close to bare metal. NBIS fans have said their partnership with Nvidia is what sets their software apart. We are seeing this with IREN Mirantis integrating Nvidia’s GPU Orchestration in RunAI. Nvidia is working on SoNIC for networking. Nvidia owns the hardware design too, so their software is true software-firmware-hardware vertical integration. Integration of Nvidia code is a thin moat. With coding agents, integration of code becomes the cost of tokens. At 1/4 the market cap, less risk sites aka no risk for needing for BE fuel cells, I stand in my belief that IREN is the better risk reward for 2027. Appreciate Daniel for standing firm in his analysis too.

2026.10.20 06:51

Always respected Daniel so I’ll raise to his debate here. The argument has never been that IREN has a better technical team than NBIS. In what post has any IREN bull argued that? The argument is that Nvidia has better software/firmware than both NBIS and IREN could ever write and that more AI Natives will be able to work on bare metal or very close to bare metal. NBIS fans have said their partnership with Nvidia is what sets their software apart. We are seeing this with IREN Mirantis integrating Nvidia’s GPU Orchestration in RunAI. Nvidia is working on SoNIC for networking. Nvidia owns the hardware design too, so their software is true software-firmware-hardware vertical integration. Integration of Nvidia code is a thin moat. With coding agents, integration of code becomes the cost of tokens. At 1/4 the market cap, less risk sites aka no risk for needing for BE fuel cells, I stand in my belief that IREN is the better risk reward for 2027. Appreciate Daniel for standing firm in his analysis too.

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Daniel Koss@daniel_koss

2026.10.20 06:23

$NBIS vs $IREN: people are still beefing, and considering how the executives of both companies interact, it's going from a waste of time to actually stupid. Just today, under Daniel Roberts' LinkedIn post on how IREN funds its GPUs, Nebius' VP of Sales commented "don't give away all the secrets" (with two rockets lol). When I interviewed @romanchernin, it dawned on me that the companies themselves can't understand why their retail investors are fighting, when they would rather build relationships. $IREN investors always pointed out that Nebius doesn't have the power. $NBIS investors always said "but we can get it, and the team matters more." That difference in assets and skills is exactly what makes a collaboration so win win. $IREN has land and grid access. $NBIS, I believe, has the skills to build faster and increase the $ / MW that can be made out of it with a world-class cloud offering. 1 + 1 = 3. It's not a zero sum game. When you start a company, you do NOT want two CTOs or two CEOs as co-founders. You want aligned values and goals but DIFFERENT assets. Partnership or even M&A, I don't think anything is off the table. My view that $NBIS is the better investment is unchanged, but the more time passes, the more convinced I am that these two will end up working together. Maybe they already are behind the scenes. The setup makes too much sense and now the behaviour of the people involved also suggests interest on a human level.

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