Detailed view for this entity.
“Irene is at183.7% about $1.84 burned per $1 of revenue.”
“The bottom line, Irene and Corwever are in the same cash burn zip code, while Nebius is in a different universe.”
“The business model is changing. Irene is actively shifting from commodity exposure to capacity based pricing.”
“Irene owns the land, builds the data centers, installs the GPUs, and controls the operating cost.”
“Irene's free cash flow margin is negative 224.9%.”
“They are burning cash aggressively to scale, and they're taking on debt to do it, over $960 million in convertible notes on the balance sheet.”
“This thing moves with Bitcoin, trades like a small cap, and behaves like a hypergrowth startup.”
“This is a high-risk, high-reward, conviction-based position.”
“Irene controls the full stack. They own the land, the power infrastructure, the data centers, and the high-end GPU hardware.”