Yup.  I'm not worried about it. In the link you sent 100% of the depreciation is being applied to this contract.  When depreciation will be actually covered by more contracts and uses.  E.g. Bitcoin mining, other customers.  Result being, future contracts will therefore be that much more profitable.  A global host will be utilizing their GPUs 24/7.   AWS has a 34% profit margin. These people arent stupid.   I don't own any IREN.

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I really don't think repeating your point is helping me. First, car dealerships don't lease cars, their banking partners do. Banks buy the lease from the dealership. Dealer gets a small payment in return. In this case, MSFT is leasing capacity from NBIS, IREN. NBIS and IREN are the bank and the seller of the car. They're reselling GPUs and software \[their own or others'\]. The stated reason the hyperscalers are buying from the clouds is for capacity. Not to walk away. The lease committments will have to be listed as notes payable on their financials \[e.g. of MSFT\]. Moreover, all the deals validate the need for capacity to meet the extreme demand. [https://www.morningstar.com/news/marketwatch/2025090942/nebius-stock-is-surging-why-microsoft-just-inked-a-deal-with-the-cloud-company](https://www.morningstar.com/news/marketwatch/2025090942/nebius-stock-is-surging-why-microsoft-just-inked-a-deal-with-the-cloud-company) Moreover, you can't walk away from contracts. There has to be cause: [https://finance.yahoo.com/news/nebius-secures-17-4bn-agreement-091431760.html?guccounter=1&guce\_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce\_referrer\_sig=AQAAAFHvckVnLSCkvFuogxmz4NJqsrZ57tfiFIi8PRRdvOz\_PPoOF47NVyhAUTEYuNX88TxxzqafBwEiCh6wQL-rdQYfVO9ikIg7frmpbydV5U\_ERYOZcEQHEF7JgLJUP0xmtJg6q-rX0PKmhqJfuJbIfdNIpA2qShNr7kap6721h-rW](https://finance.yahoo.com/news/nebius-secures-17-4bn-agreement-091431760.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFHvckVnLSCkvFuogxmz4NJqsrZ57tfiFIi8PRRdvOz_PPoOF47NVyhAUTEYuNX88TxxzqafBwEiCh6wQL-rdQYfVO9ikIg7frmpbydV5U_ERYOZcEQHEF7JgLJUP0xmtJg6q-rX0PKmhqJfuJbIfdNIpA2qShNr7kap6721h-rW) Read the white-papers on the profitability of AI clouds from NBIS. Study the financials of AMZN's AWS. AWS is just reselling GPUs as well. Look at the actual full-stack neoclouds (CRWV and NBIS) - with the software and AEs to help their clients implement MVPs, Products, and overall grow. This is higher margin. Go to any tradeshow with software vendors there, and you'll see the ABSOLUTELY massive investment in AI. Are they going to be SaaS profitable? Likely not. To blast them and fearmonger because you missed the investment, is rediculous.

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IREN dropping back down to where it was before the announcement is funny as fuck

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Iren and AMKR saved me from BMNR crash. Now time for Tom Lee to pump us 😡

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You're just like me, but I don't have IREN

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Iren saved my port from zuckcuck and gold

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I’ve made 32% today off CIFR, BITF, RIOT, and IREN. If this is what happens every time crypto shits the bed, please keep shorting.

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IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy Lmao investor buzzwordsalad

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IREN losing all of its gains :(

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>[https://www.msn.com/en-us/money/markets/insuring-against-an-oracle-default-is-getting-costlier-is-it-a-bad-omen-for-ai/ar-AA1Pmh5l](https://www.msn.com/en-us/money/markets/insuring-against-an-oracle-default-is-getting-costlier-is-it-a-bad-omen-for-ai/ar-AA1Pmh5l) >**Insuring Against an Oracle Default Is Getting Costlier. Is It a Bad Omen for AI?** >The price of Oracle’s five-year credit default swaps hit their highest point in more than two years earlier this month and now sit just below that peak. Spreads have nearly doubled since their six-month low in mid-June. >Financing the infrastructure to meet the AI GPU demand will require taking on [plenty of debt](https://www.barrons.com/articles/larry-ellison-oracle-56e03912).  **Warning to neocloud stock holders:** ORCL, NBIS, IREN, CIFR - these companies are taking on massive amount of debt for depreciating assets (GPUs) with high run costs (electricity) + debt interest payments. They have low margin GPU leasing business (like car dealerships leasing cars) with absurd valuations. On the other hand, highly profitable companies like NVDA, AMD, AVGO, TSMC are selling to the neoclouds and hyperscalers and don't have that debt risk and have lower valuations than neoclouds. You have been warned about neocloud stocks - someone will be left holding the bag and it will not be pretty

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