Bullish on IREN as a surviving neocloud

Elon just said most of the 200+ neoclouds are going to die. His reason: debt markets have shut off for anyone without real revenue outside AI data centers. So which ones make it? Here's every public neocloud ranked by power, plus who their customers are and whether they're actually funded: 1. $IREN - 5 GW of secured power Anchor customer: Microsoft, a $9.7B contract, with $4B of contracted ARR overall. Funding: closed $3.65B of A-rated GPU financing in June at about 6%, with roughly $7.6B in cash. https://x.com/elonmusk/status/2114434646914068862