mon(@moninvestor):I thought this was an interesting slide from Piper Sandler showing the new AI infrastructure stack. $IREN sits in Layer 1: Power, Grid & Real Estate. $CRWV and $NBIS sit further up the stack in both Layer 6, Orchestration & Workloads, and Layer 7, GPUaaS & Cloud. What’s also worth noting is that IREN has now acquired Mirantis, which Piper places in Layer 6. So IREN now has exposure at both ends of the stack, from the physical infrastructure at the bottom to orchestration and workloads further up. Source: Piper Sandler & StockSavvyShay

2026.08.17 10:44

I thought this was an interesting slide from Piper Sandler showing the new AI infrastructure stack. $IREN sits in Layer 1: Power, Grid & Real Estate. $CRWV and $NBIS sit further up the stack in both Layer 6, Orchestration & Workloads, and Layer 7, GPUaaS & Cloud. What’s also worth noting is that IREN has now acquired Mirantis, which Piper places in Layer 6. So IREN now has exposure at both ends of the stack, from the physical infrastructure at the bottom to orchestration and workloads further up. Source: Piper Sandler & StockSavvyShay