# data center revenue — X 热门讨论 (2026-09-27 16:56 UTC)

## @Spectre__AI (SPECTRE AI) · 09-27 14:22 · ♥68 ↻27 💬16 DEPLOYED: The first version of the Spectre AI Screener Data & Social Command Center is now LIVE.

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ethereum:0x9cf0ed013e67db12ca3af8e7506fe401aa14dad6 > 引用 @Spectre__AI: The Spectre AI Screener is becoming a full on-chain command center, bringing price action and Social Intelligence into one place.

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## @MelvinInvests (Melvin) · 09-27 14:57 · ♥35 ↻3 💬10 Wall Street just laid out a path for IREN to become one of the biggest AI infrastructure companies in the world (Save this).

JPMorgan estimates that IREN could grow from approximately $707 million in revenue in fiscal 2026 to nearly $24 billion by fiscal 2030.

JPMorgan models the company’s AI capacity rising from 40 megawatts in fiscal 2026 to 632 megawatts in 2027, before reaching 2,065 megawatts by 2030.

The bank also expects annual revenue per megawatt to increase from $7.68 million to nearly $13 million as IREN deploys more valuable GPU systems and captures stronger contract pricing.

This combination of more capacity and higher revenue per megawatt could push adjusted EBITDA from $246 million in 2026 to more than $15 billion in 2030, with margins approaching 65%.

Those margins sound extreme for a data center operator but IREN is not simply leasing buildings, the company owns and operates the power infrastructure, data centers, GPUs, and cloud platform, allowing it to capture more of the economics from every megawatt.

IREN reported $4 billion of contracted annual recurring revenue for its 2026 capacity, with existing capacity largely sold out and late stage discussions covering a significant portion of its 2027 buildout.

Recent three year contracts have exceeded $20 million in revenue per megawatt and imply approximately two year payback periods, which is even stronger than the revenue assumptions in JPMorgan’s 2030 model.

IREN has already signed major agreements with Microsoft and Nvidia while adding customers such as Cohere, Perplexity, Figure AI and other leading AI developers.

The most important asset is that IREN controls more than 5 gigawatts of secured power, meaning JPMorgan’s 2,065 megawatt forecast would monetize less than half of the current portfolio.

That leaves room for IREN to exceed the model if AI demand remains strong and the company can finance and construct additional capacity.

I’m already positioned around IREN and the broader AI cloud buildout because secured power and contracted capacity are becoming some of the most valuable assets in the entire AI stack.

If you want to see exactly what I hold and how I’m sizing these positions, check out my portfolio below.

https://t.co/Hkywss4Ugh https://x.com/MelvinInvests/status/2104223816679575620

## @JacquesBahou (Jacques B.) · 09-27 03:37 · ♥38 ↻2 💬3 Here’s some math for you based on the economics $IREN is discussing today.

Per 1 MW of IT load:

Revenue: ~$25M/year

Total operating expenses: ~($5M)

Adjusted EBITDA: ~$20M ~80% margin

D&A: ~($8M) ~$7M GPUs @ $35M capex depreciated over 5 years ~$1M data center @ $15M capex depreciated over 15 years

EBIT: ~$12M

Interest expense: ~($3M) 90% of GPU capex @ ~9% rate

Pre tax earnings: ~$9M per MW per year

Close your shorts before it’s too late. > 引用 @RealJimChanos: Neocloud Math: JP Morgan seems to believe that $5B of D&A in FY 2030 on $80 to $100B of capital employed (2.1 GW) is proper. $IREN https://x.com/JacquesBahou/status/2104052900309635384