[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Dulce [@litigious_dulce](/creator/twitter/litigious_dulce) on x 2734 followers Created: 2025-07-19 02:25:27 UTC Although this space is excellent, investors should be familiar with most of the information shared. Still, there are some highlights: IREN can likely build Horizon X data centers for $6–7M/MW due to a combination of (1) deep in-house engineering and construction experience, (2) low-cost sites and power, (3) vertical integration, (4) a no-frills, hyperscale-first design philosophy, and (5) a founder-led culture that treats every dollar as their own—while peers build for $10–12M/MW because they operate in higher-cost regions, outsource more, and cater to broader (often enterprise) use cases. Detailed breakdown: 1In-house expertise and vertical integration ◦IREN leverages its mining background, building with in-house teams and direct procurement, cutting out expensive contractors and middlemen. 2Site selection and low-cost power ◦IREN focuses on rural, low-cost areas with cheap land and power, unlike peers who build in high-cost, highly regulated regions. 3Standardized, modular, and simplified design ◦IREN uses repeatable, modular, high-density designs (liquid cooling, etc.) with minimal enterprise frills, reducing cost and complexity. 4Lean, utility-scale supply chain ◦Bulk procurement and long-term supplier relationships (from mining days) minimize overhead and allow faster, cheaper builds. 5Founder-led, capital-disciplined culture ◦IREN is founder-led and operates with a capital allocation mindset—treating every dollar as if it’s their own, pushing relentlessly for cost efficiency and avoiding corporate bloat common in large public REITs and hyperscalers. Advantages of White-Labeled CSP Partnerships (for IREN) 1Rapid Market Penetration & Scale ◦White-labeled CSPs already have established customer bases and sales pipelines, enabling IREN to scale GPU and colocation deployments much faster than relying solely on internal sales. 2Distribution Leverage ◦IREN can “wholesale” infrastructure to CSP partners, who then sell cloud services under their own brands. This expands reach and fills capacity that might otherwise sit idle. 3Low Customer Acquisition Cost ◦CSPs handle much of the customer acquisition, onboarding, and support, reducing IREN’s direct sales and support burden. 4Faster Revenue Ramp ◦White-labeled CSPs can immediately provision IREN’s resources for their clients, minimizing ramp time and smoothing revenue realization. 5Risk Diversification ◦Multiple CSP relationships mean IREN is not dependent on any single go-to-market channel or customer, reducing concentration risk. 6Productization & Differentiation ◦CSPs can tailor and bundle IREN’s infrastructure in ways that appeal to niche or specialized markets (AI, research, etc.), increasing overall utilization. 7Operational Focus ◦IREN can focus on core strengths (infrastructure deployment, power management, efficiency), leaving specialized sales and customer service to partners. There are other insights too, but as you probably noticed, I used ChatGPT to “write” the above (I simply asked ChatGPT to speculate on the aforementioned topics and provided minimal context). However, I also listened to the space and Kent Draper basically said the same points. This result is powerful because it suggests ChaGPT is right way more often than it is wrong. IMO, every investor should be using AI when doing DD (but of course verify when possible). XXXXX engagements  **Related Topics** [$67mmw](/topic/$67mmw) [iren](/topic/iren) [Post Link](https://x.com/litigious_dulce/status/1946395935262863835)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Dulce @litigious_dulce on x 2734 followers
Created: 2025-07-19 02:25:27 UTC
Although this space is excellent, investors should be familiar with most of the information shared. Still, there are some highlights:
IREN can likely build Horizon X data centers for $6–7M/MW due to a combination of (1) deep in-house engineering and construction experience, (2) low-cost sites and power, (3) vertical integration, (4) a no-frills, hyperscale-first design philosophy, and (5) a founder-led culture that treats every dollar as their own—while peers build for $10–12M/MW because they operate in higher-cost regions, outsource more, and cater to broader (often enterprise) use cases.
Detailed breakdown: 1In-house expertise and vertical integration ◦IREN leverages its mining background, building with in-house teams and direct procurement, cutting out expensive contractors and middlemen. 2Site selection and low-cost power ◦IREN focuses on rural, low-cost areas with cheap land and power, unlike peers who build in high-cost, highly regulated regions. 3Standardized, modular, and simplified design ◦IREN uses repeatable, modular, high-density designs (liquid cooling, etc.) with minimal enterprise frills, reducing cost and complexity. 4Lean, utility-scale supply chain ◦Bulk procurement and long-term supplier relationships (from mining days) minimize overhead and allow faster, cheaper builds. 5Founder-led, capital-disciplined culture ◦IREN is founder-led and operates with a capital allocation mindset—treating every dollar as if it’s their own, pushing relentlessly for cost efficiency and avoiding corporate bloat common in large public REITs and hyperscalers.
Advantages of White-Labeled CSP Partnerships (for IREN) 1Rapid Market Penetration & Scale ◦White-labeled CSPs already have established customer bases and sales pipelines, enabling IREN to scale GPU and colocation deployments much faster than relying solely on internal sales. 2Distribution Leverage ◦IREN can “wholesale” infrastructure to CSP partners, who then sell cloud services under their own brands. This expands reach and fills capacity that might otherwise sit idle. 3Low Customer Acquisition Cost ◦CSPs handle much of the customer acquisition, onboarding, and support, reducing IREN’s direct sales and support burden. 4Faster Revenue Ramp ◦White-labeled CSPs can immediately provision IREN’s resources for their clients, minimizing ramp time and smoothing revenue realization. 5Risk Diversification ◦Multiple CSP relationships mean IREN is not dependent on any single go-to-market channel or customer, reducing concentration risk. 6Productization & Differentiation ◦CSPs can tailor and bundle IREN’s infrastructure in ways that appeal to niche or specialized markets (AI, research, etc.), increasing overall utilization. 7Operational Focus ◦IREN can focus on core strengths (infrastructure deployment, power management, efficiency), leaving specialized sales and customer service to partners.
There are other insights too, but as you probably noticed, I used ChatGPT to “write” the above (I simply asked ChatGPT to speculate on the aforementioned topics and provided minimal context). However, I also listened to the space and Kent Draper basically said the same points. This result is powerful because it suggests ChaGPT is right way more often than it is wrong. IMO, every investor should be using AI when doing DD (but of course verify when possible).
XXXXX engagements
