Episode 13: Iris Energy—Building the AI & Bitcoin Juggernaut on a Bedrock of Green Power

Iris Energy ($IREN) is up a staggering 186% this year, but is it a sustainable tech powerhouse or just a volatile crypto play riding the hype? The company is using 100% renewable "stranded" energy to fuel both Bitcoin mining and the explosive growth of AI data centers. Is this unique strategy the ultimate pick-and-shovel play for the next tech revolution?

In this episode of "The Investor's Code," we decode everything you need to know. We trace IREN's journey from remote hydro dams to a $9.2 billion valuation, analyze its impressive debt-free financials, and explore why its biggest competitive advantage isn't tech—it's cheap, green power.

Tune in to learn:

The "Waste-to-Value" Story: How two Aussie brothers turned unused energy into a tech empire.

Financial Health Check: A simple breakdown of their revenue, 70% margins, and first profitable year.

The Bull & Bear Debate: The explosive AI growth case vs. the risks of dilution and Bitcoin price dependency.

The Ultimate Moat: Why long-term, low-cost power contracts are their core defense.

Future Potential: Can IREN really 3x from here? We look at the catalysts and risks ahead.