“America’s New ‘Federal Reserve’ It Could Help Create 2,200,000 New Millionaires Starting November 30th. See the 3 Steps to Prepare.” That’s the headline from Addison Wiggin and the Grey Swan Investment Fraternity, selling the paid publication The Grey Swan.
The report calls its picks “The Member Banks of America’s New Federal Reserve: 5 Companies First in Line for Nvidia’s Money.” The promise is a basket of companies tied to NVIDIA’s AI infrastructure boom, with November 30th presented as the date to prepare.
The headline pick is IREN Ltd. We identify it, along with the other four main stocks, below with high confidence: 94/100 for IREN.
What we had to work with
The pitch gives away a useful trail: a former Bitcoin miner that now owns land, power infrastructure, substations, buildings and cooling for AI computing; an NVIDIA GB300 deployment; and a roughly $9.7 billion Microsoft contract. Those clues point sharply toward IREN. The other fingerprints include an NVIDIA-backed cloud company with about $100 billion in backlog, a royalty-driven chip-design business, a plug-and-play server maker and a quantum-computing company working with NVIDIA.
The same idea is also branded as “The New Federal Reserve,” “The New Fed” and “The Member Banks.” Those are not separate discoveries; they refer to the same pitch. A bonus report called “The New Fed’s Hidden Reserve: The Insider Silver Mine” tentatively points to Sunshine Silver, ticker SSMR, but that identification carries thinner evidence and should be treated as a guess.
The stocks behind America’s New “Federal Reserve”
The headline pick is IREN Ltd (IREN). The strongest fingerprint is IREN’s October 2026 company release, which says it achieved NVIDIA Exemplar Cloud status on NVIDIA’s GB300 NVL72 platform after NVIDIA tested its production deployment. IREN’s FY2025 10-K also identifies it as a former Bitcoin miner, while its FY2026 10-K describes the land, power, substations, buildings and cooling behind its AI Cloud Services platform. Its November 2025 SEC filing adds the five-year Microsoft agreement, worth approximately $9.7 billion.
The other four main stocks are CoreWeave, Inc. (CRWV), Arm Holdings plc (ARM), Super Micro Computer (SMCI) and Rigetti Computing (RGTI). CoreWeave has the cleanest NVIDIA-money clue after IREN: NVIDIA invested $2 billion in its Class A stock, and CoreWeave reported approximately $104.2 billion in revenue backlog in its second-quarter 2026 materials. Arm supplies the licensing-and-royalty economics, Supermicro supplies the NVIDIA MGX systems angle, and Rigetti supplies the quantum-plus-GPU story. The confidence levels differ, but the basket’s identifying clues converge on these five companies.
The bonus silver match is Sunshine Silver, or SSMR, at 72/100 confidence. Electrum’s portfolio records do show a roughly $1.128 billion marked-to-market position and Sunshine Silver as its second-largest disclosed holding. But that is not the same as pouring $1.1 billion into the mine, and the promotion’s $65 billion gold-company history doesn’t match the transaction values documented in SEC-filed NOVAGOLD materials.
| # | Ticker | Company | Our confidence |
|---|
| Main pick | IREN | IREN Ltd | 94/100 — high |
|
Also in this offer
The offer bundles a bonus report that teases its own stock. These get a sentence or two of copy each, so the evidence is much thinner than for the main pick and what follows is our best reading rather than a confident answer.
| Bonus report | Our best guess | Confidence |
|---|
| The New Fed’s Hidden Reserve: The Insider Silver Mine | SSMR — Sunshine Silver Mining & Refining Co. | 72/100 — solid |
The claims, one at a time
The claim-by-claim table puts the promotion beside the sources a reader can check: company filings, NVIDIA announcements, official company pages, market data, Google’s Willow announcement and McKinsey’s quantum research. It separates claims that match the record from claims that overreach and claims the available sources don’t establish.
That distinction matters here. The basket is identifiable, but several of the most dramatic selling points are carrying much more weight than the filings allow.
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA certified IREN by name or supplied its AI-compute GPUs. | Checks out | IREN's October 2026 company release says it achieved NVIDIA Exemplar Cloud status on NVIDIA GB300 NVL72, following NVIDIA testing of its production deployment. |
| IREN built a self-contained energy-generation and computation fortress. |
CRWV — CoreWeave, Inc.
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA invested in, supplied chips to, or certified CoreWeave. | Checks out | CoreWeave's FY2025 10-K says NVIDIA invested $2 billion in CoreWeave Class A stock, and CoreWeave's company release identifies it as an NVIDIA Exemplar Cloud provider. |
| CoreWeave achieved gross margins above 90% last quarter. | Contradicted | CoreWeave's latest reported gross margin was 67.4%; its FY2025 10-K shows $5.131 billion of revenue and $1.453 billion of cost of revenue, implying roughly 71.7%, not 90%. |
|
ARM — Arm Holdings plc
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA invested in, supplied chips to, or certified Arm. | Can't verify | NVIDIA's Arm developer page calls Arm a longtime partner, but NVIDIA's acquisition was terminated in 2022 and the public materials reviewed do not establish a current NVIDIA equity stake, chip-supply arrangement to Arm, or Exemplar certification. |
| Arm owns the patent on the specific design required for advanced compute chips. | Overstated | Arm's IPO filing describes approximately 6,800 issued patents and 2,700 pending applications across its portfolio; it does not establish ownership of one exclusive patent on the design required for advanced compute chips. |
SMCI — Super Micro Computer, Inc.
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA partnered with Supermicro on plug-and-play compute systems. | Checks out | NVIDIA's MGX announcement named Supermicro as an MGX adopter, and Supermicro's official MGX page describes plug-and-play compatibility for its rack-scale AI systems. |
| Supermicro pledged to return 80% of adjusted free cash flow to investors. | Contradicted | Supermicro's FY2026 10-K reports operating cash flow, capital expenditure, inventory, and financing data but contains no pledge to return 80% of adjusted free cash flow; the 80% formulation is associated with Dell Technologies. |
RGTI — Rigetti Computing, Inc.
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA invested in, supplied chips to, or certified Rigetti. | Can't verify | NVIDIA and Rigetti both describe Rigetti as an NVQLink contributor, but the public announcements do not establish an NVIDIA equity investment, direct chip supply to Rigetti, or Exemplar Cloud certification. |
| Rigetti's experimental computer solved a problem in five minutes versus 10 septillion years. | Contradicted | Google's official Willow announcement attributes the under-five-minute versus 10-septillion-year benchmark to Google's Willow quantum chip, not to a Rigetti computer. |
|
Claims about the pitch itself
| The promotion claims | Verdict | What we found |
|---|
| NVIDIA Exemplar Cloud is an NVIDIA program. | Checks out | NVIDIA's Cloud Partners page describes NVIDIA Exemplar Cloud as a performance-guaranteed AI environment within its cloud-partner ecosystem. |
| Exemplar Cloud tests provider systems against NVIDIA benchmarks and requires performance within 5%. | Checks out | NVIDIA's AI-cloud requirements state that Exemplar benchmarking requires providers to achieve performance within 5% of an NVIDIA-provided target on the prescribed hardware cluster. |
|
Claims the record contradicts
“IREN built a self-contained energy-generation and computation fortress.” — IREN's FY2026 10-K describes land, power, substations, buildings, cooling, and compute infrastructure, but it does not say IREN generates its own electricity; its sites are grid-connected. “CoreWeave achieved gross margins above 90% last quarter.” — CoreWeave's latest reported gross margin was 67.4%; its FY2025 10-K shows $5.131 billion of revenue and $1.453 billion of cost of revenue, implying roughly 71.7%, not 90%.
“Supermicro pledged to return 80% of adjusted free cash flow to investors.” — Supermicro's FY2026 10-K reports operating cash flow, capital expenditure, inventory, and financing data but contains no pledge to return 80% of adjusted free cash flow; the 80% formulation is associated with Dell Technologies.
“Rigetti's experimental computer solved a problem in five minutes versus 10 septillion years.”
Where the pitch outran the record
“IREN is practically plug-and-play for AI companies.” — IREN's filings support an existing land, power, substation, building, cooling, and compute stack that can be converted from Bitcoin mining, but they do not describe the service as literally plug-and-play. “Arm owns the patent on the specific design required for advanced compute chips.” — Arm's IPO filing describes approximately 6,800 issued patents and 2,700 pending applications across its portfolio; it does not establish ownership of one exclusive patent on the design required for advanced compute chips.
“Arm avoids factories, expensive materials, and eye-watering salaries.” — Arm is fabless and licenses IP, but its FY2025 employee-benefit expense was approximately $2.359 billion, including wages, benefits, and equity compensation for thousands of employees.
“McKinsey projected that quantum computing could become a $2.7 trillion industry.” — McKinsey's Quantum Technology Monitor says quantum computing could create up to $2.7 trillion of economic value by 2035, while putting the quantum-computing market itself at roughly $43 billion to $71 billion.
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The deadline, examined
The promotion says November 30th is the deadline. We received it on one day only, October 28, 2026, so the record is too thin to say whether that date rolls from one mailing to the next.
The promotion also doesn’t tie the date to a disclosed earnings release, FDA decision, index rebalance, IPO event or other checkable corporate deadline. The obvious question is what, exactly, expires on November 30th. On the evidence available, the date is a prompt to act, not a demonstrated market event.
The rest of the catalogue
This is the fourth Addison Wiggin pitch we’ve identified. Earlier promotions led to Franco-Nevada Corporation under “Trump Royalty Income,” ProShares Short S&P 500 ETF under “Buy This And Sell That Before The Midterms,” and Equinix under “Trump’s 50-Year Super Deal.”
Equinix is down 0.21% since we revealed it. The earlier Franco-Nevada and ProShares calls remain part of the same publishing history, but no performance figure is attached to them here.
Worth owning, or just worth pitching?
The pitch’s central claim is simple: NVIDIA’s AI spending is creating a new financial system, these five companies sit closest to the money, and buying before November 30th could help create 2,200,000 new millionaires. The first link holds as a theme. NVIDIA is certifying providers, working with hybrid-computing partners and investing in CoreWeave. But “NVIDIA’s money” is doing too much work. The documented $2 billion CoreWeave investment doesn’t turn every NVIDIA collaboration into an investment, and Exemplar Cloud status is a performance designation, not a check from NVIDIA.
The weakest link is the leap from technical partnership to inevitable shareholder fortune. IREN has the most concrete combination of infrastructure, NVIDIA validation and customer demand. CoreWeave has the clearest direct NVIDIA investment and a large reported backlog. Those are real hooks. They still don’t establish the millionaire math. NVIDIA’s public announcement names six Exemplar Cloud providers, not the roughly 16 claimed in the promotion.
The members also aren’t interchangeable. Arm’s FY2025 20-F reports $1.839 billion in license-and-other revenue and $2.168 billion in royalty revenue, but it doesn’t support the pitch’s exclusive-patent story or a blanket 1%-to-10% royalty schedule. Supermicro’s NVIDIA MGX connection is real, while the supposed pledge to return 80% of adjusted free cash flow belongs to Dell Technologies, not Supermicro. Rigetti’s NVIDIA partnership is real too, but Google’s Willow announcement owns the five-minutes-versus-10-septillion-years benchmark, not Rigetti. McKinsey’s $2.7 trillion figure describes potential economic value from quantum computing, not a $2.7 trillion quantum-computing market.
On the merits, IREN and CoreWeave carry the basket’s main AI-infrastructure thesis. Arm offers a more established IP-and-royalty model, Supermicro brings hardware exposure, and Rigetti is the most speculative member because its commercial and technical story is still developing. As a group, the five provide exposure to several real technology trends. They don’t form a single “Federal Reserve,” and the promotion’s leap from ecosystem membership to guaranteed wealth is where the argument breaks.
How confident are we? IREN 94, CRWV 93, ARM 84, SMCI 83, RGTI 79 out of 100. We identified 5 stocks from the promotion's own clues and checked 35 claims across them against filings, earnings calls, ownership records, market data and public reporting. Confidence is scored per stock, so a weaker one does not borrow credit from a stronger one. This is our analysis, not the publisher's disclosure — we have no relationship with them.
