{"id":8730,"date":"2026-06-03T12:07:50","date_gmt":"2026-06-03T16:07:50","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=8730"},"modified":"2026-06-03T12:13:25","modified_gmt":"2026-06-03T16:13:25","slug":"why-exactly-is-iren-worth-24-billion","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/why-exactly-is-iren-worth-24-billion\/","title":{"rendered":"Why Exactly Is IREN Worth $24 Billion?"},"content":{"rendered":"\n
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NIA's President spoke to management of both Max Power Mining (CSE: MAXX)<\/strong> and QI Materials (CSE: QIMC)<\/strong> last year and both seem positioned to lead the natural hydrogen<\/strong><\/span> space. IREN Ltd. (IREN)<\/strong> a failed<\/span> Bitcoin miner<\/strong> is worth $24 billion<\/strong><\/span> for what exactly… it has long-term contracts<\/strong> with utilities<\/strong> for electricity but produces<\/span> no<\/span> energy<\/strong> whatsoever. Both MAXX<\/strong> and QIMC<\/strong> have potential to surpass<\/span> IREN<\/strong> in market cap because they plan to produce<\/span> energy<\/strong> from natural hydrogen<\/span><\/strong> to power<\/span> AI datacenters<\/strong>.<\/p>\n\n

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

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

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.<\/span><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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. […]<\/p>\n","protected":false},"author":1,"featured_media":8731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[206,95,212,208,207,205,8],"class_list":["post-8730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-ai-datacenters","tag-dro","tag-iren","tag-maxx","tag-white-hydrogen","tag-qimc","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=8730"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8730\/revisions"}],"predecessor-version":[{"id":8733,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8730\/revisions\/8733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/8731"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=8730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=8730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=8730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}