Intro
While the post-market price action does not reflect it, IREN once again delivered a thesis validating earnings call. Over the weeks since the release, I have re-listened to the call several times, analyzing it from top to bottom, to provide you with a 360 degree birds eye view of every noteworthy detail.
I’ll cover the following topics:
The Call’s Theme
Microsoft Deal Updates
Updates on IREN’s Power Portfolio
Demand Picture
Financials
I’m very confident that this is the most thorough analysis of IREN’s Q4 earnings call that you have come across with. Any analyst, institutional or retail investor alike who is either positioned or considering taking a position in IREN will derive value from this breakdown.
Most importantly, this call reinforced the thesis of IREN becoming one of the most dominant AI cloud providers of this era.
I’ll break it down for you. Enjoy!