Source item

@bitcoinbutcher1 (2) And as for your multiple on ARR revenues, $CRWV currently has a TEV of $80B on expected 1Q 2026 ARR of $10B, or 8x, when $IREN expects St. George to fully come online. https://t.co/5W4mqtRZKp @bitcoinbutcher1 (3) And for those of you who think I’m inflating $IREN’s capex needs, $CRWV currently has $17B of capital employed (6/30), excluding Construction-in-Progress, for 470 MW of activated power. That’s $36M per MW, for predominantly just GPU’s (they rent the DC’s). https://t.co/SBXJTSNUVM