Shay Boloor(@StockSavvyShay):IREN went from $9.7M per MW with Microsoft and $11.3M with Nvidia on 5 year terms to $20M+ on recent 3 year deals showing how aggressively shorter duration AI capacity is repricing. Annualized contract value across the AI infra stack • $IREN ~$2.6B across $MSFT + $NVDA • $NBIS ~$5.9B across $MSFT + $META • $CRWV ~$7.8B across $META + OpenAI • $AMZN >$10B with Anthropic • $SPCX ~$15B with Anthropic That gap between pricing and scale is what makes IREN so interesting since its already getting some of the best pricing per MW while carrying one of the smallest contract books leaving a lot more room to pair that pricing with scale even if corporate governance issues remain a real caveat.

2026.09.06 16:22

IREN went from $9.7M per MW with Microsoft and $11.3M with Nvidia on 5 year terms to $20M+ on recent 3 year deals showing how aggressively shorter duration AI capacity is repricing. Annualized contract value across the AI infra stack • $IREN ~$2.6B across $MSFT + $NVDA • $NBIS ~$5.9B across $MSFT + $META • $CRWV ~$7.8B across $META + OpenAI • $AMZN >$10B with Anthropic • $SPCX ~$15B with Anthropic That gap between pricing and scale is what makes IREN so interesting since its already getting some of the best pricing per MW while carrying one of the smallest contract books leaving a lot more room to pair that pricing with scale even if corporate governance issues remain a real caveat.