Jason Luongo (@jasonl_capital) on Surfaced

Jason Luongo (@jasonl_capital) on Surfaced

Recent calls

41 calls

@jasonl_capitalJul 14, 2026 · 12:08 PM

8. $IREN - IREN NVIDIA issued a $2.1B share purchase option and signed a $3.4B AI cloud contract. 5GW strategic partnership to deploy NVIDIA DSX-aligned AI infrastructure globally. Also landed a $9.7B cloud contract with Microsoft. https://t.co/6kxZhbIEAN

@jasonl_capitalJul 10, 2026 · 12:33 PM

I'm only going to say this once. The AI buildout is still in the early innings. These 10 stocks will create millionaires over the next 3 years. 1. $IREN - Iris Energy $9.7B cloud contract with Microsoft. $3.4B AI cloud contract with NVIDIA. 1.4GW substation in West Texas. Scaling to 150,000 GPUs by year end targeting $3.7B in annualized run-rate revenue.

@jasonl_capitalJul 7, 2026 · 12:56 PM

Anthropic just signed a 20-year, $19B deal with $WULF for compute. Here are 10 datacenter stocks that could land a deal next. 1. $IREN - Iris Energy $3.4B AI cloud contract with NVIDIA. 1.4GW substation in West Texas. Scaling to 150,000 GPUs by year end targeting $3.7B in annualized run-rate revenue.

@jasonl_capitalJun 30, 2026 · 12:10 PM

2. $IREN - IREN Signed a $9.7B multi-year deal with Microsoft and a $3.4B five-year AI cloud contract with NVIDIA to deploy Blackwell GPUs. NVIDIA received a five-year option to invest up to $2.1B in IREN at $70 per share. Full pivot from Bitcoin mining to AI compute infrastructure.

@jasonl_capitalJun 12, 2026 · 1:48 PM

Anthropic is now directly leasing data centers with $GOOGL guaranteeing the payments. They're telling you exactly where the money is flowing (data centers & neoclouds): 1. $IREN - IREN $9.7B Microsoft contract. $3.4B NVIDIA AI cloud contract. 5GW infrastructure partnership with NVIDIA. Expanding to 150,000 GPUs by year-end including 50,000 NVIDIA B300s. Targeting $3.7B ARR.

@jasonl_capitalJun 8, 2026 · 1:51 PM

8. $IREN - IREN $9.7B Microsoft contract. $3.4B NVIDIA AI cloud contract. 5GW total secured power portfolio. Expanding to 150,000 GPUs deployed by end of 2026 including 50,000 NVIDIA B300s. Targeting $3.7B ARR. The Bitcoin miner that became a hyperscaler landlord. https://t.co/kJteTgUxWI

@jasonl_capitalJun 5, 2026 · 12:50 PM

3. $IREN - IREN Expanding to 150,000 GPUs with 50,000 NVIDIA B300s on order. $3.1B ARR already under contract - $1.9B Microsoft, $0.7B NVIDIA. Just closed $3.65B in GPU-backed financing. Targeting $3.7B AI Cloud ARR by end of 2026. The Bitcoin miner turned AI infrastructure company.

@jasonl_capitalJun 3, 2026 · 1:21 PM

7. $IREN - IREN Pivoting from Bitcoin mining to hyperscale AI data centers with nearly $13B in committed contracts from Microsoft and NVIDIA. $9.7B Microsoft deal alone targets $1.9B ARR. Building multi-GW power capacity across Texas. They own the land, the power, and the infrastructure.

@jasonl_capitalMay 20, 2026 · 12:53 PM

2. $IREN - IREN Q1 revenue $240M, up 355% YoY. Signed a $9.7B five-year AI cloud contract with Microsoft worth $1.94B in annual recurring revenue. Expanding GPU fleet to 140,000 by end of 2026. Targeting $3.4B in annualized run rate revenue using only 16% of its secured 3 GW power capacity.

@jasonl_capitalMay 19, 2026 · 11:26 PM

@pepemoonboy If you believe Leopold that electricity is the biggest bottleneck, $IREN has the largest grid connected portfolio of assets. 5gw And they are guiding 3.7b arr by year end. Which is only 10% of their power portfolio. If management can deliver (haven’t missed a deadline yet) , they have the highest upside out of all the neoclouds in my opinion. I own $nbis and $iren. But I’m more bullish on IREN especially at these prices.

@jasonl_capitalMay 13, 2026 · 11:57 AM

4. $IREN - IREN Q1 revenue $240.3M, up 355% year over year. Went from a $51.7M loss to $384.6M in net income. Signed a $9.7B multi-year AI cloud contract with Microsoft expected to generate $1.9B in annual recurring revenue at 85% EBITDA margins. Building four liquid-cooled data centers totaling 200MW. Targeting $3.4B in AI Cloud annual recurring revenue by end of 2026.

@jasonl_capitalMay 8, 2026 · 2:06 PM

@TheStockUp_ $IREN is a large position for me

@jasonl_capitalMay 6, 2026 · 1:07 PM

10. $IREN - Iris Energy (NeoCloud) Revenue up 355% to $240.3M and still in the early innings. Scaling from 23,000 GPUs to 140,000 by end of 2026, targeting $3.4B in AI cloud annualized run-rate revenue. Their $1.9B Microsoft contract runs at 85% EBITDA margins. Sweetwater hub in Texas brings 1.4-2 GW of power online. They've secured 3 GW total and are only using 16% of it. The NeoCloud model - purpose-built GPU infrastructure for AI workloads - is where the growth is.

@jasonl_capitalApr 29, 2026 · 5:54 PM

You could buy 100 shares of $IREN right now for ~$4,250. Or you could sell the $35 cash-secured put expiring 5/29 and get paid $205 to wait. Why I like this setup: Former bitcoin miner pivoting hard into AI infrastructure. $9.7B Microsoft deal covering 200 MW at its Childress campus. Scaling from 23,000 to 140,000 GPUs by end of 2026. 1.4 GW substation at its West Texas data center energized ahead of schedule. Targeting $3.4B in AI cloud ARR using only 16% of its 3 GW secured power capacity. Three possible outcomes: 1. $IREN stays above $35 You keep the $205. That's a 5.86% return on capital in 30 days. Annualized: ~71%. 2. $IREN drops but you still like the stock Roll the put down and out to a lower strike and later expiration. Collect more premium. Get paid to wait at an even better price. 3. $IREN drops below $35 and you get assigned. You buy 100 shares at $35, but your real cost basis is $32.95 because of the premium collected. That's a 22.5% discount from today's price. Then you start selling covered calls. Heads up - $IREN reports Q3 earnings on May 7. That's before this put expires. Earnings mean elevated IV, which is partly why this premium is so fat. But it also means a potential gap down. Know the risk before you sell. That's the power of selling options.

@jasonl_capitalApr 24, 2026 · 1:43 PM

4. $IREN - IREN ($54) Sweetwater 1 energization on track. 1.4GW coming online, 2.75GW total contracted in West Texas on the ERCOT grid. Pivoting from crypto mining to AI cloud infrastructure at data center scale. Direct power access that hyperscalers need. https://t.co/lWha2wKhbp

@jasonl_capitalApr 8, 2026 · 10:20 PM

2. $IREN at $36 - AI Data Center Power $9.7B Microsoft contract with $1.9B prepaid upfront. $2.3B in AI cloud ARR under contract. 150K GPUs deploying this year. 4.5 GW of secured power using roughly 10% of it. Grandfathered grid connections in Texas that competitors can't replicate. Cheapest neocloud in the market.

@jasonl_capitalApr 7, 2026 · 11:56 PM

2. Bull Put Spread on $IREN $IREN at $35.74. Claude pulled both legs for a defined-risk setup: Sell $30 put (delta -0.24, IV 110%) Buy $25 put (delta -0.12, IV 125%) Net credit: ~$0.98 ($98 per spread) Max loss: $4.02 ($402 per spread) Breakeven: $29.02 Annualized return on capital at risk: ~287% IV over 100% on $IREN means premium is fat. This is the kind of environment where selling premium shines. $402 at risk instead of $3,000 for a naked CSP.

@jasonl_capitalMar 18, 2026 · 3:05 PM

In the last 3 months, $IREN has announced the following: - GPU fleet expansion to 150K, including 50K NVIDIA B300s - $3.7B+ AI cloud ARR target by end of 2026 - Horizon 1-4 data centers on schedule - MSCI USA Index inclusion - New executive hires including head of biz dev from CVC Capital - 1.6 GW site in Oklahoma Yet the stock is down 40% in that same period. Red days don't change the fundamentals.

@jasonl_capitalMar 17, 2026 · 5:50 PM

3. $IREN - IREN Limited $9.7B Microsoft contract with $1.9B prepaid upfront. $2.3B in AI cloud ARR under contract. 150,000 GPUs deploying this year. 4.5 GW of secured power using roughly 10% of it. Grandfathered grid connections in Texas that competitors can't replicate. Cheapest neocloud valuation in the market at ~5x projected revenue.

@jasonl_capitalMar 16, 2026 · 3:57 PM

$2,565 turned into $17,890. That's a 597% return. Not from a meme stock. Not from a lucky gamble. From one LEAP on $IREN. Last June I bought 5 contracts of the $10 call expiring January 2027. Cost me $5.13 per contract. 9 months later those contracts are worth $35.78 each. Here's why LEAPs are so powerful: If I had bought shares at $10, I'd be up ~340% right now. Great return. But the LEAP gave me leveraged exposure to the same move for a fraction of the capital. Same stock. Same thesis. 597% instead of 340%. This wasn't a blind bet. Before I entered, I checked every box: 1. High conviction in the stock. I'd done deep research on $IREN. 2. Price was near long-term support 3. IV was low. Premiums were cheap. 4. 560+ days to expiration. Plenty of time for the thesis to play out. 5. Liquid options chain with tight spreads I only make a handful of LEAP trades per year. But when everything aligns on a name I have deep conviction in, the results speak for themselves. The best part? These contracts don't expire until January 2027. I still have 10 months of runway.

@jasonl_capitalMar 13, 2026 · 1:09 PM

The Regulatory Moat This is the part most people are sleeping on. Texas passed Senate Bill 6. New data centers must pay for their own transmission upgrades and face mandatory curtailment. ERCOT has 238 GW of interconnection requests backed up. Historical peak demand is only 85 GW. Projects that don't make the first batch face 6+ year waits. $IREN's sites are grandfathered in. They secured their grid connections before SB6 passed. Competitors are stuck in regulatory purgatory. IREN is already building.

@jasonl_capitalMar 12, 2026 · 2:40 AM

You could buy $IREN at $40 right now. Or you could sell a $33 cash-secured put expiring 4/17 and get paid $175 today. Two possible outcomes: $IREN stays above $33 You keep the $175 premium. That's a 5.3% return on capital in 37 days, or 52% annualized. $IREN drops below $33 You buy the shares at $33, but your real cost basis is $31.25 because of the premium collected. That's a 22% discount from today's price. That's the power of selling options.

@jasonl_capitalMar 4, 2026 · 9:47 PM

$IREN just added 50,000 NVIDIA B300 GPUs to their fleet. Total capacity: 150,000 GPUs. For context, they had 1,900 GPUs a year ago. $9.7B Microsoft contract. 4.5 GW pipeline. $3.7B ARR target. NVIDIA Preferred Partner. And they're still scaling because demand won't stop. This was a Bitcoin miner two years ago. Now it's one of the largest AI infrastructure providers on the planet. At $40, I think you're watching the early innings of something massive.

@jasonl_capitalFeb 28, 2026 · 11:21 PM

@longinvest32 I actually like $IREN more

@jasonl_capitalFeb 27, 2026 · 1:19 AM

$IREN is down 42% from its highs. Meanwhile: $9.7B Microsoft cloud deal $3.4B ARR target by end of 2026 $2.8B cash on the balance sheet 4.5 GW of secured grid capacity 140,000 GPU units scaling up MSCI USA Index inclusion this week The Q2 miss was ugly. $185M vs $230M expected. But that's the transition from mining to AI compute. The short-term numbers don't reflect the contracts already signed. Average analyst target: ~$75 Current price: $44 One of my highest conviction names in the AI infrastructure space.

@jasonl_capitalFeb 24, 2026 · 2:20 AM

@TheTechInvest Everyday that goes by I’m more and more bullish on $IREN

@jasonl_capitalFeb 22, 2026 · 9:21 PM

$IREN in 30 seconds: - 4.5 gigawatts of grid-approved power - $9.7B Microsoft contract at 85% EBITDA margins - 200kW per rack (10x industry standard) - $3.4B ARR target by end of 2026 - That target uses 10% of their total capacity - Owns the land, substations, and data centers. No landlords. Most investors still think this is a Bitcoin miner…

@jasonl_capitalFeb 21, 2026 · 12:22 AM

I've been trading LEAPs for 10+ years. Here's what actually works. The setup: - Stock you have deep conviction in pulls back to support - RSI shows stock is oversold - IV is low relative to its recent range - Buy 360+ DTE calls, roughly 10% OTM This setup only appears a few times per year. Max. The entries are rare. Your size shouldn't be. How I manage winners: - Scale out on the way up to recover initial capital - Let the remaining position run with house money - Treat it like ownership, not a trade Results on this setup: - $IREN: 1000% gain - $HOOD: 700% gain - $NVDA: 250% gain Most people buy 10 LEAPs per year and break even. I buy a few per year and 10x my money. The secret to LEAPs isn't the strike or the expiration. It's the patience to wait for real alignment - and the conviction to size up when it's there.

@jasonl_capitalFeb 15, 2026 · 1:44 AM

@kaly11681776 I believed in the thesis. $IREN is building incredible data centers and there was always going to be a shortage of compute.

@jasonl_capitalFeb 11, 2026 · 2:21 PM

$IREN has been added to the MSCI Index. This will trigger forced buying from passive funds, ETFs, and institutional portfolios that track these indexes. Great news for $IREN shareholders. https://t.co/xtxUacvclp

@jasonl_capitalFeb 8, 2026 · 12:24 AM

@MistyMichelleW $IREN is my pick. I dont invest for the short term.

@jasonl_capitalFeb 7, 2026 · 11:38 PM

$IREN owns everything from the land to the compute. Most AI infrastructure companies rely on third parties for power, construction, or data centers. $IREN does it all in-house. Management continues to execute. Vertical Integration = MOAT https://t.co/GphgWPeFhF

@jasonl_capitalFeb 6, 2026 · 4:18 PM

People were panic selling their $IREN at $30 after: 1. $IREN secured $3.6B GPU financing for Microsoft contract 2. $IREN received $1.9B Microsoft prepayment covering 95% of GPU capex 3. $IREN is targeting $3.4B ARR by end of 2026 4. $IREN expanded to 140k GPU deployment on track 5. $IREN added new 1.6GW Oklahoma campus 6. $IREN now has over 4.5GW of secured grid-connected power 7. $IREN has $2.8B cash on hand 8. $IREN secured over $9.2B in funding year to date 9. $IREN has $2.3B ARR already under contract 10. $IREN's $3.4B ARR target uses only 10% of their secured power capacity LOL Thank you for the cheap shares.

@jasonl_capitalFeb 5, 2026 · 11:13 AM

@BLCendrars I believe in $IREN in the long term. It’s my largest position.

@jasonl_capitalFeb 4, 2026 · 4:27 PM

@TheTechInvest This is extremely bullish for $IREN

@jasonl_capitalJan 30, 2026 · 1:38 PM

@TheTechInvest This is unbelievably bullish for $IREN

@jasonl_capitalJan 29, 2026 · 12:48 AM

@RealJGBanks Bullish for $IREN

@jasonl_capitalJan 28, 2026 · 11:56 AM

@jimcramer Then why did you tell us to sell $IREN Jim?!?

@jasonl_capitalJan 27, 2026 · 11:17 PM

What if $IREN announces an AWS partnership? 5GW+ of power capacity for $AMZN in 2026. Sounds crazy until you realize: → AWS needs clean energy for AI → IREN is scaling renewable infrastructure → IREN also moved up it's earnings to be on the same date as Amazon 🤔 https://t.co/AvScH2WQVD

@jasonl_capitalJan 26, 2026 · 12:13 AM

This is why LEAPS are my favorite asymmetric bet. $IREN: 900% gain and still running. Most traders chase weeklies and burn premium. Meanwhile, LEAPS give you: - Time to be right (12-24+ months) - Defined risk (premium paid) - Exponential upside on conviction plays - Lower stress, higher probability The setup: find a high-conviction thesis, buy deep ITM or ATM calls 1-2 years out, let the position breathe. You're not gambling on timing. You're investing in direction with leverage. That's the difference.

@jasonl_capitalJan 24, 2026 · 12:17 AM

@ilzmcfly $IREN was my largest and best performing stock last year and I expect it to do the same this year.