3 Stocks Poised to Break Through to Massive Growth

As AI demands escalate, Nebius’s full-stack strategy could capture a larger share of the market by delivering reliable, scalable compute that keeps facilities running at peak capacity.

IREN excels by controlling the entire chain from power generation to AI compute delivery, making it one of the most integrated players in the space. With renewable energy costs averaging around $0.035 cents per kilowatt-hour — among North America’s lowest — IREN owns the land, substations, and cooling systems needed for rapid expansion. This ownership enables quick deployment of GPU clusters, with thousands already operational and plans for tens of thousands more in Canada and Texas.

The company’s edge comes from eliminating intermediary costs, achieving gross margins over 70% on GPU compute rentals. Management targets 60,000 GPUs by 2026, potentially generating $2.5 billion in cloud revenue as utilization ramps up. Microsoft clearly sees the benefit of farming out the operations and just agreed to a massive $10 billion deal with IREN to provide it with high-performance GPU cloud computing.

By owning the power and infrastructure outright, IREN avoids splitting profits with vendors, turning cheap energy into a direct competitive advantage. In an era where space and power limit AI growth, IREN’s model accelerates the conversion of underutilized resources into fully operational compute, helping bridge the gap between abundant GPUs and insufficient energized capacity.

Cipher Mining functions as a strategic landlord in the AI buildout, providing powered space to major tenants through long-term leases. Its Barber Lake campus, built for high-density operations and gigawatt-scale expansion, has secured a multi-billion-dollar, decade-long agreement with Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), ensuring stable revenue and low counterparty risk. It also just signed another major pact with Amazon to support AI workloads over a 15-year lease agreement, valued at around $5.5 billion. This fixed-rent model offers predictability, though it caps upside from fluctuating GPU prices.

Unlike Nebius or IREN, Cipher focuses on the physical layer — land, power, and facilities — without owning the compute hardware. Growth relies on capital raises to develop new sites, resembling an industrial real estate investment trust (REIT) with consistent cash flows.

In a market tight on capacity, this positions Cipher well, but it may shift to a more defensive stance as supply increases. Still, by renting out ready-to-use space, Cipher directly tackles AI’s space constraints, enabling hyperscalers to deploy GPUs without the delays of building from scratch.