Real-Time BNB Signal Analytics
Real-Time BNB Signal Analytics
Alright, let's get one thing straight: this IREN stock surge is making my eyes roll so hard I think I pulled a muscle. Five hundred percent year-to-date? Seriously? We're talking about a crypto miner, for crying out loud. A crypto miner that's "transitioning" into AI.
Oh, please.
It's the oldest trick in the book. Remember when every company slapped "blockchain" on their name and suddenly they were tech geniuses? Now it's AI. Slap some GPUs in a data center, ink a deal with Microsoft, and BAM! Instant AI company. Never mind that just last year they were bragging about Bitcoin mining profits.
And this deal with Microsoft... $9.7 million over five years? That's it? For a company that's supposedly sitting on "3GW secured power portfolio?" That sounds less like a blockbuster deal and more like Microsoft throwing them a bone to see if they can actually deliver. A 20% prepayment, they say. I'd want more than 20% up front if I was trusting a crypto miner to power my AI ambitions.
IREN's co-founder, Daniel Roberts, calls it "a major step forward." Translation: "Please buy our stock so we can finally pay off our debts."
And then there's this hedge fund guy, Eric Jackson, apparently the "architect" of the Opendoor rally. Oh great, so we're basing investment decisions on the whims of some dude who got lucky once? I'm starting to think the entire stock market is one giant meme stock now. Are we just pinning our hopes on whatever random company some influencer on FinTwit is hyping?
Speaking of hype, let's talk about Coinbase. "Revolutionizing digital finance," they say. More like "profiting handsomely off the greater fool theory." Sure, they're the biggest US-based crypto exchange, but that's like being the tallest building in a ghost town. And this GENIUS Act that's supposedly setting the stage for stablecoin adoption? Give me a break. Politicians couldn't regulate a lemonade stand properly, let alone the Wild West of crypto.
And stablecoin revenue is up 38.3%? Color me unimpressed. When the whole crypto market isn't crashing, people use it more. Shocker.
Then again, maybe I'm just jealous. Maybe I should sink my life savings into IREN and hope for the best. Nah. I'd rather light my money on fire. At least that would be more entertaining.
Oh, and I almost forgot. What about the enery bottleneck that IREN is supposed to solve? How are they getting all this power? Are they building new power plants? Are they tapping into the grid? Are they just, like, wishing really hard? Details are suspiciously absent.
IREN supposedly has enough energy to support 10 Nebius-Microsoft deals, which are worth about $17.4 billion, according to the article. So IREN could potentially make $174 billion? Where is that money coming from? How can IREN mine bitcoin profitably, then sell cloud services at a price that is competitive with established players?
I call BS.
They say IREN is projected to make $500 million in annual recurring cloud revenue by Q1 2026. That's only a little more than two years away. Can they really scale up that quickly? Or are they just throwing out numbers to impress investors?
And the article mentions that IREN mined 668 Bitcoin in August, translating to $50.8 million in hardware profits. That's great, but how sustainable is that? Bitcoin prices fluctuate wildly. What happens when the price crashes? Will IREN still be able to turn a profit? Offcourse not. According to Business Insider, An under-the-radar AI stock is surging on news of a blockbuster deal with Microsoft.
Coinbase is positioned well for Bitcoin surges and growth from altcoins, they say. Of course, they are. They're the casino. They don't care if you win or lose, as long as you keep playing. They make money off every transaction.
And owning Coinbase stock gives you exposure to Circle, which owns 8.5 million shares of Coinbase. So it's like a stock within a stock. A turducken of financial risk.
Look, I get it. People want to get rich quick. They see these crazy stock surges and they want a piece of the action. But let's be real: this whole AI-crypto thing smells rotten. It's a bubble waiting to burst, and I wouldn't want to be holding the bag when it does. If you want to invest in AI, fine. But do your homework. Don't just throw money at whatever company is trending on Twitter. And for the love of God, don't trust a crypto miner to power the future of artificial intelligence.
