Not doing this for the follow or your money
Joined October 2021
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HODLingFool retweeted
It’s great to see more people recognizing the extraordinary capabilities of $IREN’s @danroberts0101. He’s one of the next-generation superstar CEOs of the AI era. Looking forward to many more posts like this.
Why I take @danroberts0101 of $IREN seriously when he talks about building AI infrastructure at scale.
Before founding IREN with his brother Will in 2018, Dan had built a career financing, investing in and overseeing major infrastructure.
Airports. Wind farms. Solar farms. Gas pipelines.
Assets requiring substantial capital, technical expertise and reliable operations.
That background matters when your business involves turning land, power and billions of dollars into functioning AI infrastructure.
Start with Macquarie.
Dan spent six years across M&A advisory, debt structuring and principal investment, working in infrastructure, real assets and renewable energy.
Experience directly relevant to the decisions IREN faces:
How should projects be financed?
Where should capital be committed?
How should risks be allocated between investors, lenders, contractors and customers?
He also holds a Master of Finance from INSEAD, where he made the Dean’s List.
Then came Palisade.
Dan became an executive director and the second-largest individual shareholder of Palisade Investment Partners.
A 2020 account described the business as managing A$8bn of infrastructure across 23 businesses.
His responsibilities included originating opportunities, business development and overseeing portfolio assets.
That was Palisade’s portfolio value—not construction personally delivered by Dan. His experience was in making major infrastructure investment decisions and overseeing assets.
His board roles included Northern Territory Airports, Sunshine Coast Airport, Granville Harbour Wind Farm, Ross River Solar Farm, ANZ Terminals and the Tasmanian Gas Pipeline.
That is a substantial foundation in infrastructure leadership.
Now look at the team around him.
Michael Nudelman joined as Chief Development Officer with more than two decades of experience and senior roles at Google, CyrusOne and Beale Infrastructure.
His remit includes global data-centre development, site planning, permitting and economic development incentives.
John Gross, Chief Innovation Officer, brings specialist expertise in data-centre engineering, high-density infrastructure and liquid cooling.
His work on liquid-cooled servers dates back years, well before the current AI investment cycle.
Dan brings infrastructure investment and oversight experience. The team adds specialist development and engineering capability.
There is delivery behind the ambition.
IREN reported in August that Horizon 1—a 50MW liquid-cooled deployment at Childress—had been delivered to Microsoft.
That moves the story from securing land and announcing capacity to delivering infrastructure for a major customer.
The $9.7bn Microsoft agreement provides a substantial commercial foundation.
Mirantis adds software and cloud-services capabilities.
The NVIDIA relationship connects IREN’s infrastructure ambitions with the ecosystem supplying the compute.
IREN is bringing the pieces together:
Power → development → cooling → GPUs → networking → software → operations.
A co-CEO overseeing this expansion needs to recruit specialists, allocate capital, structure agreements and establish accountability across an enormous programme of work.
Dan’s career provides relevant experience for those responsibilities.
For me, the bullish case is the combination:
An experienced infrastructure investor leading the company.
Specialists with major industry credentials.
Large customers committing to its services.
Physical delivery demonstrating progress.
From two brothers founding an Australian company to delivering AI infrastructure for Microsoft.
Dan’s background helps explain how IREN reached this point—and why I’m excited to see what the team builds next.
$IREN
Sources below:
HODLingFool retweeted
Fair questions. Appreciate you doing the work.
Our management team owns a very significant amount of $WULF equity. Individual stock sales need to be viewed in the context of what we continue to own. I would put our alignment with shareholders up against anyone in our space.
On Lake Mariner, you're correct. Years ago, we took a retired coal-fired power plant from our private power business and repurposed it for TeraWulf. All fully disclosed. The subsequent lease was reviewed by independent advisors, supported by a fairness opinion and approved by the independent Audit Committee. Much of the consideration was in stock, further aligning our interests with shareholders.
And look at what we've built. What was once a retired coal plant is now one of if not the premier HPC/AI campus in North America.
We have substantial skin in the game. We are owners, builders, and operators. And we intend to deliver for all shareholders, ourselves included.
Appreciate the scrutiny. It's warranted.
HODLingFool retweeted
Neoclouds: Full Context on Financing
Talking to @liamdaltonjr who has strong network on Wall Street, debt markets have only shut off for unsecured GPUs. What @elonmusk says is not true for hyperscaler backed bare metal deals or investment grade equivalent.
This is aggressive book talking by omitting full context.
Pretty much.
As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers.
SpaceX closed $40B of debt for GPUs, but we’re investment grade and have Starlink & launch revenue.
That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.
HODLingFool retweeted
different risk- reward profile. not what we do. we will lock it in - go project by project and build revenues and protect margin. we are not betting on anything other than our ability to execute.
HODLingFool retweeted
Do you understand what happens when we deport ALL the illegal immigrants?
- Wages increase
- Rent prices fall
- Traffic decreases
- Insurance rates fall
- Insurance rates drop
- Housing prices plummet
- Welfare spending plummets
- Hospital overcrowding eases
- Crime dramatically decreases
- Classrooms become less crowded
- Teenagers can get good jobs again
- Court systems become less burdened
- Competition for starter homes drops
- Emergency rooms become less strained
- Nearly all prices on everything drops
- All government services are less strained
Literally every single thing in life gets better if we just deport them all.
Better soundtrack.
share.google/qplhQlDrcWulCqy…
HODLingFool retweeted
🚨JUST IN: $IREN IS PARTNERING WITH $NVDA TO LAUNCH MINERVA, NVIDIA’S NEW AIOPS PLATFORM, ON $IREN AI CLOUD
Minerva is part of the full-stack $NVDA Vera Rubin platform.
IREN is partnering with NVIDIA to launch Minerva, NVIDIA’s new AIOps platform, on IREN AI Cloud.
Our VP of AI Cloud, Jason Forrester, joins NVIDIA’s Gilad Shainer and 650 Group’s Alan Weckel to explore how IREN’s approach to AIOps enhances visibility, strengthens operations and keeps compute productive.
Watch the conversation: youtu.be/MWVjiWYs1sw
HODLingFool retweeted
"NVIDIA DSX is full stack AI factory reference architecture, co-innovated with the world’s leading infrastructure companies."
IREN sites in Jensen Huang's #NVIDIAGTC Berlin keynote. Watch the full presentation: youtube.com/watch?v=PvFjbPYE…
HODLingFool retweeted
this California wealth tax thing is just incredible.
so in October 2025, a California healthcare union proposed a "one time" 5% tax on any billionaire's wealth. the ballot measure will be voted on next month. In early December 2025, California announced that it would be a retroactive tax if passed, applying to anyone with CA residency as of Jan 1, 2026. The objective is to pay for Medi-Cal, California's incredibly dysfunctional healthcare system. (which also functions as a glorified welfare apparatus, but that's a discussion for another time).
polls reveal that the CA electorate is split around 50/50 on the tax, but prediction markets only give Prop 40 a ~23% chance of passing (there are competing measures on the ballet that would nullify it).
there are 200 billionaires in CA, worth collectively somewhere between $2.3 and $2.6 trillion. 5% of that is around $100b, accounting for a small amount of attrition. proponents of the tax forecasted a significant windfall, assuming only a 10% departure rate.
supporters thought they were being clever with the retroactive concept. no billionares would leave CA in the few short months between the tax being proposed and the residency cutoff date, without the tax even having passed yet, right?
well as it turns out, they did.
a new paper [1] from two academics at Stanford called "The Net Present Value of the California Billionaire Tax Act", argues that not only did more billionaires leave due to the proposed tax than its proponents expected, but that the value of the tax, if it does pass, is actually negative.
proponents of the tax only assumed 10% avoidance, that is, only 10% of the taxable base of targeted billionaires would leave CA within the very short Oct-Dec 2025 window. Jaros and Rauh, the Stanford academics, find that a lower bound of 28.6% of the taxable base managed to leave.
just based on known departures, those departures total $577b in net worth, or $28.8b in potential tax lost. this of course does not capture everyone (many left without announcing their departure), so the authors normalize to departure rates estimated from other wealth tax events, and apply other discounts for litigation, arriving arrive at a figure of only $28-$36b in forecasted tax revenues.
but this isn't all! all of the income taxes paid by the departed billionaires are also forsaken. the authors estimate that CA billionaires pay $3.3- 5.8b in annual income taxes. they assume a midpoint of $2b lost in annual collections from departed billionaires. the net present value of that lost income stream is -$68.9 billion.
so when you add it all up you get:
+ $30b one-time tax windfall (estimated)
- $69b in present value of lost future income taxes
= - 38.9b overall net present value of the tax
of course, this analysis is highly estimate driven. the authors simulate the parameters 100k times and find a negative NPV of the implemented tax 85 percent of the time.
and if the tax doesn't pass, which it's not looking like it will, California still ended up losing at least $577b in departed net worth, and they have permanently poisoned the well with entrepreneurs who will now worry about future wealth taxes.
[1]: nber.org/system/files/workin…
HODLingFool retweeted
J’ai entendu dire que la France était finie, qu’il était trop tard pour la sauver.
Mais la France est toujours aussi belle, enviable même. Sa grandeur n’a pas disparu, elle ne demande qu’à renaître.
Nous avons surmonté en un an un problème cent fois plus grave, sans avoir les moyens dont dispose la France.
La France pourrait y arriver en une semaine.
HODLingFool retweeted
Not impressed I must say.
They have flying cars now? That's nice, I suppose.
Meanwhile, here in Europe, we've achieved something considerably more important: the plastic cap is now permanently attached to the bottle.
Every time I try to drink water and the cap scratches my nose, I'm reminded of the extraordinary progress we've made as a civilisation.
Americans can keep wasting their time trying to defeat gravity. We've already defeated the much greater threat of someone accidentally throwing a bottle cap into the wrong bin.
And when those flying cars eventually arrive in Europe, I have every confidence that Brussels will make sure they're permanently attached to the ground.
Proud to be European. 🇪🇺
There’s still time to delete this before the rest of the 🌎 wakes up tomorrow and watches the @Tesla demonstration. 😂
love that we have real life stuff like this happening and AI at the same time.
Our parents are really not going to be able to tell the difference.
@elonmusk is the GOAT
Somebody need to community note this as this post was stolen word for word from @ChadSlimeBased
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HODLingFool retweeted
I stand by these statements:
“Everybody's going to have to get into the land power shell game and get your own electricity, and everybody's going to have to solve this.
I actually think every company should probably break the seal and understand the energy shortage and think about buying LPS themselves. I do not think you're going to be able to rely on the clouds.”
HODLingFool retweeted
The problem for Team Talarico with this “it was the flu” business is America remembers every single Democrat in the country lying through their teeth about President Vegetable.
This is the reputation Democrats have earned.
HODLingFool retweeted
$iren x Anthropic deal LEAKED 👀
SOMEBODY KNEW
🚨 $IREN x Anthropic Leak
The Information, one of the best-sourced outlets covering the AI industry, just reported that Anthropic recently signed a cloud deal with $IREN.
For anybody who has followed management’s commentary closely over the past few weeks, this doesn’t come as much of a surprise.
First, $IREN announced a new contract with an unnamed “leading frontier AI lab” during its recent earnings call, followed by CCO Kent Draper revealing that the company in question was “1 of 2” possible customers.
While The Information didn’t disclose any specific MW amounts or terms of the deal, I believe it’s very likely that Anthropic secured the 50 MW of air-cooled B300 capacity coming online at $IREN's Childress site THIS year.
As for the economics behind the deal and where this relationship could go from here, we recently published an in-depth report for both our X and Substack subscribers covering exactly that.
I’ll link it below in the comments for anybody interested.
Wishing everybody a great rest of Sunday and a great start to the new week. Cheers!
