Invest ideasNews
8 May 2026, 14:45
Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure
Bitcoin is trading around $80k, holding slightly above the psychological threshold that has defined the ceiling of every recovery attempt over the past three months. The ascending channel is intact, the 100-day MA reclaim is holding, and BTC is now pressing into the zone between the current price and the 200-day MA. This area is a stretch of approximately $4–$5k that contains the next meaningful resistance. Beneath all of this, one of the most unusual features of this entire rally is only now beginning to resolve: the recovery was built almost entirely on negative funding rates. Bitcoin Price Analysis: The Daily Chart Bitcoin has spent the last few days consolidating above the $80k mark amid rejection at the ascending channel’s upper boundary, a meaningful contrast to prior breakout attempts that reversed quickly. The 100-day MA currently at approximately $72k has been cleanly reclaimed, and the RSI is sustaining in the 60–65 range. This signals healthy momentum without the frothy excess that preceded prior failures. The immediate path higher runs through the $88k–$90k blue resistance band, followed by the 200-day MA descending near $84k, which will likely be the harder test given how long it has been above the price. On the other hand, a drop back below the $76k order block support would be the first sign the move is failing and would refocus attention on the 100-day moving average and the lower boundary of the channel just below $70k. BTC/USDT 4-Hour Chart After pushing into the $82k area where the upper channel boundary and the static resistance zone converge, the asset has pulled back to the current $80k level in what might look like a healthy short-term reset. The RSI on the 4-hour chart, though, has dropped rapidly from its recent overbought peak to 50, indicating a massive weakening of momentum on this timeframe. However, the yellow bullish trendline from early April is still intact and provides dynamic support near $79k. Below this trendline, the same bullish order block mentioned on the daily analysis can be the demand zone that holds the price on a deeper correction. Meanwhile, as long as the price holds above $79k-$80k on a 4-hour closing basis, the structure remains constructive, and the next push toward the $82–$84k zone is the primary scenario. However, if a break below the yellow trendline and the order block at $76k occurs, the rejection from the upper boundary of the channel will be viewed as a bearish reversal that can push the price all the way back toward the $70k region and further delay a full recovery. On-Chain Analysis One of the defining features of Bitcoin’s recovery from $60k to $80k is that it happened almost entirely amid persistently negative funding rates. From February through early May, the perpetual futures market was dominated by short positioning, which is shown by the red bars ranging from -0.005 to -0.02. Meanwhile, the price climbed approximately $20k in this period. This combination is the fingerprint of a short-squeeze driven rally, as spot buyers and forced short liquidations powered the move, not fresh long positioning. It is structurally healthier than a leverage-fueled surge precisely because it does not carry an overhang of highly leveraged longs that need to be unwound on the next pullback. The current funding rate reading of +0.002 marks the first sustained move toward neutral and marginally positive territory since the correction began. Futures traders are seemingly beginning to shift their positions from short to long as the price action forces a reassessment. This transition from disbelief to early acceptance is a natural stage of recovery, and could be the fuel the market needs to overcome the $80k resistance zone in the coming weeks. Screenshot The post Bitcoin Price Analysis: Rejection at $83K Shows Major Weaknesses in BTC’s Structure appeared first on CryptoPotato .
8 May 2026, 14:30
SPX6900 price prediction 2026-2032: Will SPX6900 soar 10x or crash?
Key takeaways : SPX6900 price prediction suggests that the coin’s price can reach $0.756283 by the end of 2026. By 2028, SPX may achieve a peak price of $1.60 and an average trading price of $1.47. In 2032, the target price for SPX is between $3.03 and $3.28, with an average price of $3.15. SPX6900 (SPX) functions primarily on the Ethereum network. The meme token created was not a serious crypto asset initially and was primarily for entertainment purposes, mainly on social media platforms. It has no real connection with the stock market, equities, or securities and depends on community engagement, placing it among popular cryptocurrencies. The meme coin generates interest through spot trading, speculative trading, or perpetual and leveraged trading on different decentralized exchanges; the latter is not recommended for non-professionals due to its high risk and highly volatile nature. SPX6900 is traded on different centralized and decentralized cryptocurrency exchanges. The most popular centralized exchange for trading SPX tokens is Bybit, which has the highest trading volume for this meme coin. SPX6900 (SPX) can be stored in various wallets, including Trust Wallet, Bitget Wallet, and hardware wallets like Ledger. It can also be stored on a centralized exchange like KuCoin and another option could be Kraken, providing easy access to the coin. Early users attest to its credibility and remarkable price performance; however, the meme token still holds the interest of many investors with a daily trading volume in millions and a current circulating supply of 930.99 million SPX, which is also its total supply, although its max supply will be 1 billion tokens. Starting as a non-serious venture, the coin established itself as one of the most high-ranking coins of the year 2024. It was initiated as a useless token but ultimately ended up earning profits in the millions. For example, over a month, SPX earned up to a 9000% return following its ascent through September 2024. What’s next for the meme token in 2026 and beyond? Let’s get into the SPX6900 price prediction and technical analysis. Overview Cryptocurrency SPX6900 Token SPX Price $0.426 (-3.69%) Market Cap $396.1M Trading Volume (24-hour) $8.71M Circulating Supply 930.99M SPX All-time High $2.28 (July 28, 2025) All-time Low $0.000002634 (August 16, 2023) 24-hour High $0.4442 24-hour Low $0.4081 SPX6900 price prediction: Technical analysis Metric Value Price Prediction $0.3184 (-25.09%) Price Volatility 9.29% 50-Day SMA $0.3274 200-Day SMA $0.4720 Market Sentiment Neutral Fear & Greed Index 38 (Fear) Green Days 18/30 (60%) 14-Day RSI 62.74 SPX6900 price analysis SPX6900 price analysis confirmed a mixed trend, with the price recovering to $0.426. Cryptocurrency has lost 3.69% of its value over the past 24 hours. SPX coin faces resistance around $0.435. On May 8, 2026, SPX6900 price analysis revealed a mixed trend, despite the coin’s price recovering to $0.426. The altcoin reported a 3.69% loss over the last 24 hours, primarily due to selling pressure encountered after failing to hold the $0.443 local high. While this momentary spike triggered a pullback, the underlying daily pattern remains bullish, and the token’s price also increased today above yesterday’s closing price. Today’s price recovery is on the milder side, as the coin found support near the $0.405 level, and it is recovering at a slow pace, with a 24-hour trading volume of $8.64M and a current supply of 930.99M SPX. SPX6900/USD analysis on the 24-hour timeframe The one-day price chart of the SPX6900 coin confirmed a mixed trend, as the market today has been mostly in a recovery mode, with the coin resurfacing after a dip. The SPX/USD price recovered to $0.426 today after getting support from the buyers’ side at 0.405. The buying activities initiated today may diminish further losses as a new green candlestick on the price chart signifies buying interest. SPX/USD 1-day price chart. Source: TradingView The distance between the Bollinger Bands defines the intensity of volatility. This distance is comparatively wide, leading to high volatility for today. Moreover, the upper limit of the Bollinger Bands indicator, indicating resistance, has shifted to $0.435. The lower limit of the Bollinger Bands indicator, which serves as the support, has shifted to $0.320. The Relative Strength Index (RSI) indicator is trending in the neutral range. The indicator’s value has increased to index 64. This suggests rising buying pressure on the SPX6900 price chart, as the score is now in the upper neutral range. SPX6900 analysis on the 4-hour chart The four-hour price analysis of the SPX6900 shows the continuation of the buying interest at the current price level. The SPX/USD value increased to $0.426 again in the past few hours, which hints at the presence of bullish elements in the market. However, the comparatively high volatility also signifies relatively higher market unpredictability. SPX/USD 4-hour price chart. Source: TradingView The Bollinger Bands are expanded, and the distance between them is wide, leading to high volatility levels. This high volatility suggests a relatively increased likelihood of a reversal or further price appreciation. Moving ahead, the upper Bollinger Band has shifted to $0.442, indicating a resistance level. Conversely, the lower Bollinger Band has moved to $0.393, indicating support. The RSI indicator is trending within the neutral region for now. However, its value has increased to index 59 during the last four hours. If buying activities continue to grow, a further increase in the RSI level is possible, which might take it above the 65 threshold. SPX6900 technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.4136 BUY SMA 5 0.3979 BUY SMA 10 0.3837 BUY SMA 21 0.3735 BUY SMA 50 0.3274 BUY SMA 100 0.3206 BUY SMA 200 0.4720 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.4119 BUY EMA 5 0.4036 BUY EMA 10 0.3911 BUY EMA 21 0.3730 BUY EMA 50 0.3500 BUY EMA 100 0.3766 BUY EMA 200 0.4936 SELL What to expect from SPX6900 price analysis? The SPX6900 price analysis gives a mixed prediction regarding the ongoing market events, as the coin is slowly recovering and trading at the $0.426 level today. If buyers push the price above immediate resistance zones, we might see the SPX6900 price increase above the $0.450 level. On the other hand, if selling pressure overwhelms, the token may decrease to the $380 range. Is SPX6900 a good investment? Investing in SPX necessitates an evaluation of the SPX market and its emphasis on adaptability. Project AEON serves as the cultural backbone for the ecosystem, providing digital services that add depth beyond just speculation. While the maximum number of 3,333 AEON NFTs maintains scarcity, the expectation among many crypto commentators remains quite high regarding the money invested in SPX6900. These experts use the website and social media app to pump out real-time SPX6900 news to every country, ensuring global momentum. However, high fees on some networks can have the opposite effect on retail interest. Investors across the world now track the live price of EUR SPX and USD pairs closely as companies and traders keep talking about its potential. However, despite the earlier price spikes and enormous price gains, investors are advised to exercise caution on account of the market volatility of highly valued meme coins. Earnings from SPX require long-term investment decisions, whether holding or trading, but in this dynamic market, risk management is primarily achieved through diversification and keeping abreast of developments. Why is SPX down? SPX’s price is trending near $0.426 today after some correction. The balance of power is still towards the sellers; moreover, the token’s market sentiment remains neutral overall, despite yesterday’s correction. SPX’s nearest support level is at $0.405. Will SPX6900 reach $1? The SPX token may reach $1 in 2027. With the current price action, this outcome seems quite possible, as the token is trending near $0.4, and the market cap of SPX6900 will increase by 203% when it reaches this level, while its current market cap stands at $393.78M. The maximum supply is said to be limited to 1 billion SPX tokens. Will SPX reach $2? Per SPX price prediction, it has a chance of reaching $2 by 2029 if positive sentiment prevails, which makes SPX tokens a good purchase option. Will SPX reach $5? To reach $5, SPX’s value along with its market cap will have to increase more than fifteen times. Though not impossible, there are chances of reaching near this level after 2032, with a high market cap. Does SPX6900 have a good long-term future? Long-term forecasts suggest a gradual increase in the value of SPX over the next two years. Following this period, projections anticipate sustained upward price movement with a potential resurgence in 2029. By 2032, SPX is expected to trade above $3, solidifying its position as a valuable long-term asset, with a fully diluted valuation (FDV) of $427.33M. SPX6900 not only capitalizes on mere entertainment but is also driven by the community surrounding it. However, SPX6900 has no intrinsic value, and it does not depend on demand and supply dynamics; being a satirical meme token, it uses “scientific utilization” as a tongue-in-cheek marketing phrase to parody traditional finance and cryptocurrency, rather than providing direct, functional, or scientific utility. It aims to parody traditional market caps by pretending to flip the S&P 500, hinting at limitless possibilities and financial return. Recent news/opinions on SPX6900 Some crypto influencers are bullish on SPX6900, including MustStopMurad, ApeToshi Aeon, and Maddox, a best-selling author and blogger known for “The Best Page in the Universe” and technology-related content. Murad shared a post highlighting the community behind SPX6900’s success, and Maddox later shared a video along the same lines. The most recent and bold claim was also made by MustStopMurad, asserting that “SPX6900 is going to flip the entire stock market.” However, such content should be taken with a pinch of salt. SPX6900 is going to flip the entire stock market. — Murad 💹🧲 (@MustStopMurad) May 7, 2026 SPX6900 price prediction May 2026 This month, SPX is expected to reach a high of $0.556, with an average price of $0.377 and a minimum trading price of $0.310. SPX6900 price prediction Minimum price Average price Maximum price SPX6900 price prediction May 2026 $0.310 $0.377 $0.556 SPX6900 price prediction 2026 The price of SPX is predicted to reach a minimum value of $0.171 in 2026. Traders can anticipate a maximum value of $0.756283 and an average trading price of $0.630236. SPX6900 price prediction Minimum price Average price Maximum price SPX6900 price prediction 2026 $0.171 $0.630236 $0.756283 SPX6900 price predictions 2027-2032 Year Minimum Price ($) Average Price ($) Maximum Price ($) 2027 0.924346 1.05 1.18 2028 1.34 1.47 1.60 2029 1.76 1.89 2.02 2030 2.18 2.31 2.44 2031 2.60 2.73 2.86 2032 3.03 3.15 3.28 SPX6900 price prediction 2027 In the year 2027, the price of SPX6900 will experience more bullish momentum. According to the SPX price prediction, it will range between $0.924346 and $1.18, with an average trading price of $1.05. SPX6900 price prediction 2028 The SPX price prediction climbs even higher into 2028. According to the projections, the price of SPX will range between $1.34 and $1.60, with an average of $1.47. SPX price prediction 2029 According to our SPX price prediction for 2029, we expect a maximum price of $2.02, a minimum price of $1.76, and an average price of $1.89. This makes it a good decision to swap one’s crypto into SPX6900. SPX price prediction 2030 According to the SPX6900 price prediction for 2030, the price of SPX will range from $2.18 to $2.44, with an average price of $2.31. SPX6900 price prediction 2031 The SPX6900 price prediction for 2031 indicates the price will range between $2.60 and $2.86. The average price of SPX will be $2.73. SPX6900 price prediction 2032 The SPX6900 price forecast for 2032 is a high of $3.28. According to the SPX coin price prediction, it will reach a minimum price of $3.03 and average at $3.15. SPX6900 price prediction 2026-2032. Source: Cryptopolitan SPX6900 market price prediction: Analysts’ SPX price forecast Firm Name 2026 2027 DigitalCoinPrice $0.0999 $0.00109 CoinCodex $0.3477 $0.7304 Cryptopolitan’s SPX6900 price prediction Our forecast shows that SPX will achieve a high price of $0.756283 near the end of 2026. In 2027, SPX will range between $0.924346 and $1.18. In 2032, the cryptocurrency will range between $3.03 and $3.28, with an average price of $3.15. It is important to consider that the predictions can change at any time and are not investment advice. It is advised to do your own research and conduct detailed due diligence before investing in the volatile crypto market. SPX6900 historic price sentiment SPX6900 price history | Coinmarketcap SPX6900 was launched in August 2023 by its primary creators with an opening price of $0.003 but remained under the radar for over a year. In October 2023, SPX’s value spiked to $0.023 under bullish control, which was a considerable growth trajectory, but still, it remained far from market attention. December of 2023 saw a low price of $0.008, which was quite low as compared to the price in October as per crypto market historical data. SPX6900 saw a stagnating price movement from January to May 2024, only to rise periodically to $0.015. In September 2024, SPX6900 gained an enormous 5600% from September 12 to October 14, reaching $0.913, resulting in a massive market capitalization. The token made higher spikes till November 7, 2024, adding significantly to its market cap; however, the token’s price has deteriorated afterwards. On November 21, SPX6900 stooped to $0.450, losing 50% of its value, which made holders cautious. However, the token regained its lost value and ended the year at $0.856. The meme token entered January 2025 with a price tag of $0.866, but it soon jumped to $1.55 as its circulation and acceptance increased. It corrected strongly in search of support at the start of February, attaining an average price of $0.66, but came down to the 0.46 range in March. In April, the coin was trending near $0.386 on the lower side, while in May, it saw a fabulous recovery, peaking at $1.11 along with some other cryptocurrencies. On June 11, the meme coin attained its all time high of $1.73, and on July 28, it marked another ATH at $2.27. SPX maintained a trading range of $1.06 to $2 in August under complete bullish dominance, proving itself a reliable asset, and was trading at an average price of $1.16 in September. In October 2025, SPX6900 was trending near $1.6, and in November, it fell to $0.78 after losing 50% of its value. In December, the downtrend continued as the token touched $0.63. At the start of January 2026, SPX6900 was trending near $0.648, but in March, it slipped to $0.336. In April, SPX6900 was trading near $0.28, but in May it increased to $0.42, as the current market sentiment turned bearish to neutral.
8 May 2026, 14:29
Bitcoin Price Crashes Near Zero on Revolut, Blamed on Third-Party Service Disruption
Bitcoin briefly plummeted to about 2 cents on Revolut due to what the financial platform described as a third-party service disruption.
8 May 2026, 14:29
Solana Price Prediction: SOL Eyes $100 as Shorts Build
Solana is holding near a key breakout zone as perps data shows more than $50 million in possible short liquidation pressure above the current range. At the same time, SOL’s chart structure points to $95 to $96 as the next major resistance area if support holds. Solana Price Hits $90 as SOL Shorts Face $50M Liquidation Risk Solana traded around $90 on Birdeye perps data, while cohort analytics shared by inno on X showed a split between trader groups. The dashboard showed SOL open interest at $349.2 million, up $5.32 million over 24 hours. That increase suggests more traders added leveraged positions as Solana moved near the $90 level. Solana Perps Data. Source: inno on X Inno said master and expert traders were bearish on SOL, while intermediate and advanced traders were bullish. The seven-day bias trend also showed different trader groups moving in opposite directions. The Birdeye liquidation map showed a larger liquidation cluster above the current price zone. According to inno, a 5% move higher could trigger more than $50 million in short liquidations. That matters because short liquidations can create forced buying. When price moves against short sellers, exchanges close those positions by buying back the asset, which can push price higher. The chart shows the liquidation curve rising sharply above $90 and extending toward the $100 to $110 area. That makes the upside zone important if buyers keep control. However, SOL still needs follow-through above the current range. If price fails to move higher, bearish traders may keep pressure on the market and limit the short squeeze setup. For now, the key question is whether Solana can hold the $90 area and push toward $100. A strong move above that zone could increase liquidation pressure and support another leg higher. Solana Price Holds Key Support as SOL Chart Points to $95 Resistance Solana is following its projected recovery path, according to a one-hour SOL/USD chart shared by More Crypto Online on X. The chart shows SOL moving higher after a previous ABC decline ended near the marked support area. Price then bounced from the lower zone and broke above the green signal line near $85.60. Solana Chart. Source: More Crypto Online on X More Crypto Online said Solana remains one of the stronger-looking structures among major altcoins. The account said the prior wave 2 found support in the ideal region before SOL resumed its move higher. The updated micro support zone sits between $86.73 and $88.60. As long as SOL holds that area, the current short-term structure remains intact. The chart also shows a small 1–2 setup, which supports the idea that Solana may be forming a third wave inside a larger wave 3 structure. The next key level sits near the April 17 high around $90.70. If SOL clears that area, the chart points to the $95 to $96 resistance zone as the next major target. However, a move below the $86.73 to $88.60 support zone would weaken the setup. That would place focus back on lower support levels near $81.76 and $80.67.
8 May 2026, 14:27
IREN Q1: Nvidia Turned A Bitcoin Miner Into A Neocloud Bet
Summary After Microsoft’s $9.7B and Nvidia’s $3.4B deals, I see IREN Limited’s perception shifting from an ordinary bitcoin miner to an emerging neocloud platform. In my view, power is the core asset, with secured grid-connected capacity rising to 5GW globally, including 4.5GW in North America. IREN targets $3.7B ARR by end-2026, supported by $3.1B under-contract ARR at Q3 FY26 exit. On the risk side, the current fundamentals remain weak, with Q3 revenue down sequentially to $144.8M and Bitcoin mining still driving most revenue. That said, I think the market may be willing to look beyond the current story, and if execution goes well, revenue should move higher from here. I own IREN stock, and I think it's a Buy. I am revisiting my bull case on IREN Limited ( IREN ) after the company reported Q3 FY26 earnings that confirm most of the arguments from the bears. The company is still relying on dilution to fund the AI buildout, revenue is still mostly coming from bitcoin mining, and the Nvidia deal looks circular. Despite that, I think the bears are dead wrong. In fact, the market reaction after Q3 FY 2026 earnings makes sense to me. In my view, what changed after the print was perception. In my view, IREN is no longer perceived as a bitcoin miner trying to attach itself to AI because the market is rewarding anything with GPU or power exposure. After the Microsoft (MSFT) and Nvidia (NVDA) deals, I think the company is being treated much more like an emerging neocloud infrastructure platform, alongside names like Nebius (NBIS) and CoreWeave (CRWV). This is the shift in perspective that I want to see in a stock whose current fundamentals look anything but exciting. Q3 FY2026 total revenue fell to $144.8m from $184.7m in Q2, with AI cloud revenue. On top of that, the net loss of $247.8m included $140.4m of non-cash impairment charges, largely tied to decommissioning mining hardware. This proves that the pivot is painful if one is looking at the current fundamentals. In my view, the market favors stories. The story of Iren is strong enough for this stock to be in my portfolio, although I still favor Nebius as a cleaner exposure to the neoclouds. That's my exposure to IREN is in the low single digit % of my portfolio's NVL. As for CoreWeave, I think it’s a similar case to Nvidia: as a leader in the space, most of the upside is priced in, and therefore, any small disappointment (like the Q2 guide of $2.45B and $2.6B, below the $2.7B consensus) may lead to a selloff. In any case, I am looking at Iren in this piece, and why I think it’s still a Buy. Why Is Iren Up After Q3 FY 2026 Earnings? In just a few words, I think it’s because perception has shifted from an ordinary bitcoin miner pivoting to AI “because AI is hot” to a player in the neocloud space, with multibillion-dollar contracts from Microsoft ($9.7B) and now Nvidia ($3.4B) , joining the likes of Nebius and CoreWeave. The big news in the Q3 earnings release is the five-year, $3.4bn AI infrastructure cloud services contract with Nvidia. According to the terms, IREN will provide managed GPU cloud services for Nvidia internal AI and research workloads using air-cooled Blackwell systems at Childress, Texas. I was quite surprised (maybe, not positively) that the deal involves Blackwell GPUs and not the next generation of AI accelerators: the Rubin. Looking at the financials, the company expects an average of $0.7B of annual revenue, which appears to be included in the company’s $3.1bn under contract ARR bridge at the end of last quarter. For reference, the company is targeting a $3.7bn ARR by the end of calendar 2026. That said, there is a second part that raised my eyebrow from the Nvidia deal: the strategic partnership . It seems that Nvidia will support IREN to deploy up to 5GW of Nvidia DSX-aligned AI infrastructure across IREN’s global pipeline, with Sweetwater expected to be the flagship site. How? Vendor financing. I am sure the bears will have a lot to discuss about circular deals and will likely reference charts like the one below (which is way outdated, as IREN is not depicted), along with their arguments: Bloomberg Regardless, Nvidia received a 5-year right to purchase up to 30 million IREN shares at $70, which could generate up to $2.1bn of proceeds if fully exercised. Did you also notice the fact that $70 is 16% above IREN’s closing price on May 7 ($60 after the pop post Q3 earnings)? The fact that Nvidia’s Jensen is willing to pay a premium speaks volumes about the valuation of IREN. More on this in a later section. Moving on to the November 2025 $9.7B deal with Microsoft, in the Q3 update, IREN said that roughly $1.9bn of the Q3-exit ARR was due to this deal. You remember that the Q3 exit ARR was $3.1B, right? Well, if I add up Microsoft’s $1.9B + Nvidia’s $0.7B, I get $2.6B. So, there is another half a billion in under-contract ARR that the company is not disclosing (likely due to confidentiality clauses). The only piece of information they are disclosing is that these $0.5B ARR are coming from the Prince George site. IREN In my view, as long as the hyperscalers are constrained by supply (mainly power, that’s why I’m deep into the power infrastructure theme in industrials, like GEV or VRT ), neoclouds will perform well. As soon as the music stops (for whichever reason) and hyperscalers’ compute supply catches up with demand, it would be the time to head for the exit and even short the same names, in my view. Moving on to the deployment roadmap, the company is targeting a 150,000-GPU fleet, including recent purchase agreements for more than 50,000 Nvidia B300 GPUs (with deployment across Mackenzie and Childress through H2 2026). That said, despite the compelling (at least, it sounds compelling to me) AI story, the P&L shows that the company is still an ordinary bitcoin miner: Iren As seen above, the bitcoin mining revenue in the last quarter was down 34% YOY, as the company decommissioned miners ahead of GPU installation and billing. Excluding D&A effects, the margins of the AI cloud services segment look decent, currently sitting at 86% (of course, this is a non-GAAP figure). Finally, I have to discuss power, which is, in my view, the core asset of the company. Let’s go back in time for a second. As of June 2025, IREN had 2,910MW of secured grid-connected power, including 810MW of operating data center capacity. Well, the secured grid-connected power jumped to 5 GW globally by May 7, 2026, with 4.5 GW in North America and 0.49 GW in Spain after the Nostrum acquisition. The major change versus the older 2,910MW figure is due to the energization of Sweetwater 1 (1.4 GW) earlier in May. As a side note, this is a planned 2GW campus. So, how much of that secured grid-connected power is making money? Well, here is where things get disappointing. Risks Only a small portion of IREN’s 5GW secured power portfolio is currently producing AI services revenue. Without looking at the P&L statement, one can easily infer that, based on management’s 2026 AI Cloud capacity target of only 480MW. IREN As seen above, the Q3 FY26 update says that the 2027 expansion to 1,210MW of AI Cloud capacity is in build. The chart below from the latest earnings slide deck shows the magnitude of the problem: IREN The neocloud growth story of IREN is barely in its pajamas, and I think that may spook some investors with shorter horizons or those that want to wait until the AI services segment kicks in. Seeking Alpha I included above the Street’s estimates for future revenue, which clearly show the ramp later this year, reaching triple digits YOY growth by the September 2026 quarter. Until then, the company is still (from a technical point of view) a mainly bitcoin miner. That said, whether the market is perceiving it as such is a different matter. The other risk factor to consider is, how not, funding. You remember my circular deal chart in the last section. I would expect an updated version of that chart to circulate soon this year, which is likely to deteriorate the sentiment in the AI trade. The balance sheet is anything but encouraging. By the end of last quarter, convertible notes were $3.69bn, and total liabilities were $4.60bn. On top of that, IREN also raised equity during Q3, with $380m of ordinary share issuance. Iren In my view, despite the fact that IREN had secured $9.3bn of funding over the prior eight months from customer prepayments, convertible notes, GPU leasing, and GPU financing, I think dilution is still part of the execution equation. With cash and equivalents sitting at only $2.6bn (April 30), I think dilution is only going one way from here: up. Looking Ahead In my view, the bull case leans on two milestones. The first one is AI cloud ARR conversion. I want to see how the company turns its $3.1bn under-contract ARR and >$3.7bn year-end 2026 ARR target into commissioned GPU capacity and, therefore, revenue. The current P&L looks anything but encouraging, with Bitcoin mining still accounting for a large part of the operating income. Based on the market reaction post earnings, I think the market is willing to look ahead at the upside from the Microsoft and Nvidia deals, and not at the current results. On the deployment side, the 5GW secured power portfolio only creates equity value if grid-connected sites become usable AI data centers. Execution is key, and any delays will likely move the revenue recognition to the right, similar to CoreWeave’s delay, followed by a downgrade in FY25 revenue guidance, back in Q3 last year. Despite being a grotesquely overpriced stock , trading at 192x forward earnings, and the fact that, today, the company is still making most of its revenue from bitcoin mining, I own IREN in my portfolio due to its compute deals from Microsoft and now Nvidia.
8 May 2026, 14:25
Last Chance: 50% Off Second Pass to Bitcoin World Disrupt 2026 Ends Tonight
BitcoinWorld Last Chance: 50% Off Second Pass to Bitcoin World Disrupt 2026 Ends Tonight Time is running out for attendees to secure a 50% discount on a second pass to Bitcoin World Disrupt 2026, one of the largest startup and technology conferences of the year. The offer expires tonight at 11:59 p.m. PT, after which prices will increase and the option to bring a partner, co-founder, or colleague at half the cost will no longer be available. What the Discount Offers The promotion allows registrants to purchase one full-price pass and receive a second pass of the same ticket type at 50% off, saving up to $410. The conference is scheduled for October 13–15, 2026, at a venue in San Francisco, California. Organizers say the deal is designed to encourage teams to attend together, maximizing the value of the event’s multiple simultaneous sessions and networking opportunities. Why Bringing a Second Person Matters Bitcoin World Disrupt 2026 is structured as a multi-track experience, with over 250 sessions covering topics such as artificial intelligence, venture capital, fintech, climate tech, hardware, and scaling strategies. Organizers note that attending alone can limit a participant’s ability to cover overlapping talks, compare notes in real time, and make informed decisions while context is fresh. Bringing a second person allows teams to divide and conquer, then reconvene to discuss insights and next steps. Key Event Features Startup Battlefield 200 pitch competition Expo Hall with 10,000 attendees 20,000+ curated networking meetings Deal Flow Café for investor-founder connections Direct access to founders, VCs, and operators What Happens After the Deadline After tonight, standard pricing applies, and the second-pass discount disappears. Organizers emphasize that the real cost of missing the deadline is not just financial: attendees who register later may attend alone, reducing their ability to cover the breadth of content and leaving with less clarity and fewer actionable takeaways. The event is known for compressing months of networking and decision-making into three days, making real-time collaboration a key advantage. Context and Relevance Bitcoin World Disrupt has become a flagship event for the startup ecosystem, drawing more than 10,000 founders, investors, and technology leaders. The 2026 edition comes at a time when the tech industry is navigating rapid shifts in AI regulation, fundraising dynamics, and market sentiment. Events like Disrupt serve as critical hubs for deal flow, product validation, and strategic alignment. The discount offer reflects a broader trend among conferences to incentivize team attendance, recognizing that collaborative attendance yields higher satisfaction and more tangible outcomes. Conclusion For those considering attendance at Bitcoin World Disrupt 2026, tonight marks the final opportunity to bring a colleague at half the cost. Beyond the savings, the offer enables a more comprehensive and productive conference experience. Registration closes at 11:59 p.m. PT. After that, the price increases and the second-pass discount is gone. FAQs Q1: When does the 50% off second pass offer end? A1: The offer expires tonight at 11:59 p.m. PT. After that, standard pricing applies and the discount is no longer available. Q2: Can I buy a second pass for anyone, or does it have to be a colleague? A2: The second pass can be used for a partner, co-founder, colleague, or any guest. The offer applies to the same ticket type as the first pass. Q3: What happens if I register after the deadline? A3: You can still attend Bitcoin World Disrupt 2026, but you will pay full price for each pass. The 50% discount on a second pass will no longer be available. This post Last Chance: 50% Off Second Pass to Bitcoin World Disrupt 2026 Ends Tonight first appeared on BitcoinWorld .
