Why Exactly Is IREN Worth $24 Billion?

NIA's President spoke to management of both Max Power Mining (CSE: MAXX) and QI Materials (CSE: QIMC) last year and both seem positioned to lead the natural hydrogen space. IREN Ltd. (IREN) a failed Bitcoin miner is worth $24 billion for what exactly… it has long-term contracts with utilities for electricity but produces no energy whatsoever. Both MAXX and QIMC have potential to surpass IREN in market cap because they plan to produce energy from natural hydrogen to power AI datacenters.

We decided after speaking to both companies we liked QIMC better, but at the moment MAXX is doing better mainly because they got money from Eric Sprott who just like NIA's President always holds every stock for the long-term. When QIMC raised money at $0.90 per share in a LIFE offering it added additional resistance to the market, but these investors bought their shares at 80% above the current price of $0.50 so you have to believe QIMC is going through a bottoming process similar to DroneShield (ASX: DRO) in late-2024/early-2025 and will begin a second run immediately after the last remaining seller is exhausted.

There have been huge developments in recent weeks in the natural hydrogen space where scientists now believe it naturally regenerates itself underground forever. One example is at the bottom of the Kidd Creek Mine… where it was recently announced that natural hydrogen has been continuously producing at the bottom of the mine non-stop for years enough to power 400 homes: click here to read!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from QIMC of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.