Dan Roberts, co-founder of IREN, has articulated a vision for the company as a vertically integrated AI infrastructure platform, asserting that the most significant bottleneck in artificial intelligence is not the availability of chips, but rather the physical infrastructure needed to support the exponential growth in AI demand. He noted that as global compute demand surges, constraints around power, land, and data center construction become more pronounced. IREN's strategy is structured around three layers: physical infrastructure, compute infrastructure using NVIDIA GPUs, and enterprise software. Roberts highlighted that the first two layers are where most of IREN's current value is generated, while the third layer will compound this advantage over time. The company has expanded its operations beyond bitcoin mining into AI infrastructure, securing around 5 gigawatts of grid-connected capacity globally. IREN's partnership with NVIDIA includes a significant $3.4 billion AI cloud contract for deploying Blackwell GPUs in Texas. Additionally, WhiteFiber recently announced a $160 million AI compute agreement in France, further emphasizing the growing demand for AI infrastructure.