The Magnificent Seven. A pretty name for a bunch of companies that have had a good run. Too good, maybe. The kind of success that attracts attention, and competition. The street’s been throwing money at them for a decade, but easy money always runs out. Now, the game’s changing, and the giants are starting to look… vulnerable.
I’ve been watching the numbers. The smart money isn’t chasing the behemoths anymore. It’s sniffing around the smaller players, the ones with the real potential for growth. Specifically, I’m looking at companies that can supply the juice – the raw power – that AI demands. And that’s where IREN comes in.
Nvidia can add another ten billion to its market cap and barely feel it. It’s like finding a dime under the sofa cushion. But for a company like IREN, with a current valuation around seventeen billion, that same ten billion is a seismic shift. It’s the difference between a whisper and a shout. IREN is pivoting, and it’s doing it with a purpose.
IREN: Digging in Where the Power Is
They used to mine crypto. A messy business, full of hype and volatility. Now they’re mining something far more valuable: gigawatts. They’ve taken those data centers and repurposed them for AI workloads. It’s a smart move. Energy is the new oil, and IREN is sitting on a reserve.
OpenAI’s appetite for power is legendary. Tripling their computing activity year over year. From 200 megawatts to 1.9 gigawatts. That’s not growth, that’s a feeding frenzy. And revenue followed, jumping from two billion to twenty billion. The connection is simple: more power, more money. It’s a basic equation, yet so many seem to miss it.
IREN isn’t building castles in the air. They’re securing land and gigawatt capacity. Getting ahead of the curve. Their Sweetwater sites in Texas – 1.4 gigawatts coming online in April, another 600 megawatts in 2027 – are solid assets. Real steel and concrete, not just promises on a spreadsheet.
Cipher Mining is lagging, adding a measly 100 and 70 megawatts. It’s like trying to fill a reservoir with a teaspoon. Nebius is also playing catch-up. IREN is building a highway while the others are still laying the foundation.
The Demand is Only Going to Grow
Meta is talking about tens of gigawatts this decade. Zuckerberg’s eyeing hundreds more. OpenAI is likely planning something similar. They’re locked in a battle for AI supremacy, and power is their ammunition. Microsoft and Amazon are joining the fray. Even Elon Musk, despite his recent troubles with the EPA, is building his own data centers.
The whole world wants this stuff. Countries are investing. The demand is going to be relentless. IREN is positioning itself to be a key supplier. They’re not just riding the wave, they’re building the damn thing.
The big boys are committing more money to AI this year than last. And I’ve got a feeling IREN is going to be one of the biggest winners. It’s a long shot, sure. But in this game, you have to be willing to take a risk. And right now, I’m betting on IREN to outperform the Magnificent Seven.
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2026-01-24 12:02