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Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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IREN’s $9.7B Leap With Microsoft: IREN & MSFT Deal Analysis!

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Manage episode 517581417 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Microsoft signs a five-year, $9.7 billion contract with IREN as the miner pivots to building and operating AI data centers at 200 MW scale. We unpack EBITDA claims, GPU CapEx realities, Childress buildout progress, and why miners are becoming HPC providers.
• Contract headline terms and 20% prepayment
• Why this is not a co-location model
• GPU CapEx, depreciation, and EBITDA limits
• Childress site progress and horizon phases
• Expansion capacity at Sweetwater and timeline
• Partner lineup and NVIDIA preferred status
• Miners’ narrative shift from BTC to HPC
• ARR potential from scaled megawatts
• Risks, utilization, and renewal dynamics
Check out powermininganalysis.com for miner pages and news!
Anthonys Info:

Website:

https://www.powermininganalysis.com

X:

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

X:

https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

Merch:

https://shop.mcnalliemoney.com/

Website:

https://www.mcnalliemoney.com

Business Inquiries:

Email - [email protected]

  continue reading

Chapters

1. The Microsoft Contract Breaks (00:00:00)

2. Market Reaction And Sector Context (00:00:56)

3. Why This Isn’t Co‑Location (00:02:33)

4. GPUs, CapEx, And Deal Math (00:04:05)

5. EBITDA Margins Versus Real Costs (00:06:20)

6. Childress Buildout And Horizons (00:08:15)

7. Miners’ Narrative Shift To HPC (00:10:20)

8. Expansion Roadmap And Sweetwater (00:12:20)

432 episodes

Artwork
iconShare
 
Manage episode 517581417 series 3570269
Content provided by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Anthony Power & Bryce McNallie, Anthony Power, and Bryce McNallie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Microsoft signs a five-year, $9.7 billion contract with IREN as the miner pivots to building and operating AI data centers at 200 MW scale. We unpack EBITDA claims, GPU CapEx realities, Childress buildout progress, and why miners are becoming HPC providers.
• Contract headline terms and 20% prepayment
• Why this is not a co-location model
• GPU CapEx, depreciation, and EBITDA limits
• Childress site progress and horizon phases
• Expansion capacity at Sweetwater and timeline
• Partner lineup and NVIDIA preferred status
• Miners’ narrative shift from BTC to HPC
• ARR potential from scaled megawatts
• Risks, utilization, and renewal dynamics
Check out powermininganalysis.com for miner pages and news!
Anthonys Info:

Website:

https://www.powermininganalysis.com

X:

https://twitter.com/cazenove_uk

Patreon:

https://www.patreon.com/Cazenove_UK

Bryce's Info:

X:

https://twitter.com/McnallieM

Patreon:

https://www.patreon.com/McNallieMoney

Merch:

https://shop.mcnalliemoney.com/

Website:

https://www.mcnalliemoney.com

Business Inquiries:

Email - [email protected]

  continue reading

Chapters

1. The Microsoft Contract Breaks (00:00:00)

2. Market Reaction And Sector Context (00:00:56)

3. Why This Isn’t Co‑Location (00:02:33)

4. GPUs, CapEx, And Deal Math (00:04:05)

5. EBITDA Margins Versus Real Costs (00:06:20)

6. Childress Buildout And Horizons (00:08:15)

7. Miners’ Narrative Shift To HPC (00:10:20)

8. Expansion Roadmap And Sweetwater (00:12:20)

432 episodes

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