Mark Zuckerberg Just Explained Why Iren Has an Edge Over Other Neoclouds

Great art isn't always realized in its time. Data-center company Iren (NASDAQ: IREN) looks like the ugly duckling as Nebius (NASDAQ: NBIS), Hut 8 (NASDAQ: HUT), and Terawulf (NASDAQ: WULF) sign lucrative, long-term deals with hyperscalers. Iren has made some deals, but none of them have been as exciting as the deal with Microsoft (NASDAQ: MSFT) way back in November.Meta Platforms (NASDAQ: META) Chief Executive Officer Mark Zuckerberg recently validated Iren's strategy when he discussed compute after reporting second-quarter results. It shows that Iren has been right all along to avoid making big deals, instead taking a cautious approach with its future capacity.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool