IREN Lianchuang: The expansion of AI data centers will further increase demand, and infrastructure supply will struggle to keep up

IREN Co-Founder and Co-CEO Daniel Roberts stated that each new AI data center will further increase rather than decrease AI demand.

Roberts believes that simply comparing the current AI infrastructure cycle to past technology booms is misleading. More powerful AI requires more computing power, and lower-cost AI will drive more users and applications to use AI.

He pointed out that each leap in AI capabilities creates a large number of new application scenarios that did not exist before, so demand can grow rapidly at the pace of software development, but the supply of computing power cannot expand at the same speed.

The construction of computing power infrastructure is limited by real-world conditions such as power access, transmission lines, concrete, steel, and construction personnel, making it difficult to quickly increase the speed of supply expansion.

Roberts stated that in past technology boom cycles, technological advancements often helped the supply side catch up with demand, but the current AI technology itself is driving demand to grow exponentially, while the speed of infrastructure construction in the real world struggles to keep up.