The bottleneck is power. Specifically time to power. IREN has a 3 gigawatt pipeline. This deal for 200 MW is just the tip of the iceberg. If you doubted IREN, now is the time to rectify your mistake. 12% of total power allocated at 2.5b ARR. Not to mention their undisclosed pipeline. The train is leaving the station.

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You're saying they are shrinking but where are your numbers to back that statement? I looked at their earnings report and Adobe's subscribers isn't shrinking at all. Also they raised their guidance meaning they are growing and confident. Numbers don't lie, I stay with the FACTS. "The Digital Media segment: revenue of $4.46 billion (↑12% YoY), and ending ARR of $18.59 billion (↑11.7% YoY)." "Digital Experience segment: revenue of $1.48 billion, subscription revenue $1.37 billion (both \~11% growth in subscription)." "Adobe raised full-year FY2025 guidance to: Total revenue: $23.65 billion–$23.70 billion Non-GAAP EPS: $20.80–$20.85 Digital Media ending ARR growth target: \~11.3%." If anything Adobe is GROWING, they are also still a giant within their space. A market cap of 140B+, giant companies like these got the money and the right people to prevent their downfall.

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They are planning to IPO at valuation of 1 trillion having arround 12 Billion in ARR. Meaning a PS ratio almost three times the one of NVIDIA LOL Source: [https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/](https://www.reuters.com/business/openai-lays-groundwork-juggernaut-ipo-up-1-trillion-valuation-2025-10-29/)

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Extremely nuanced advertising. Shit like you’ve never seen before. It’s going to know when you got a new dog and chewy.com will pay millions to make sure it links you directly to their shit to buy. AI service licensing packaged and sold to other software / tech cos as ARR. Those are just the easy initial answers. I guarantee these goons have more up their sleeve than this.

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They will for a while.  I'm more worried about ARR and backlog.  They need critical mass, and I'm optimistic they'll get it.

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