$IREN ER looks great IMHO. New Oklahoma campus with 1.6GW secured. That's > 4.5GW. Construction is ongoing with enough financing to take on the entire Microsoft deal and bank on $9B. I trimmed 7% @ 42.0. It's just going to take more time for them execute. Again market reaction is ridiculous.

Agree. The ER was strong where it actually matters: execution + funding + power. The Oklahoma 1.6GW addition is a big deal -> 4.5GW secured grid power puts them in a different league for both HPC and long-term scale. And the key point: with the $3.6B financing + $1.9B MSFT prepayment, the Microsoft GPU buildout is basically de-risked from a capex perspective. Now it’s mostly an execution / timeline story. Market is still trading it like a BTC proxy, but the valuation will eventually follow the GPU/HPC ramp. I’m not trimming - I’m adding.

@DeepValueBagger Well guess what DVB. I’m ruined

@DeepValueBagger I don’t think it’s ridiculous in the “all frustration comes from unmet expectations” sense. It hurts for sure, but the expectations were incredibly high to begin with.

@DeepValueBagger Why did they miss the earnings is it due to BTC slump ?

@DeepValueBagger The EPS miss was from the spend on the Oklahoma campus correct?

@DeepValueBagger Announcing new builds without a new desk was a mistake. The market is terrified w btc plummeting already

@DeepValueBagger To be built in 10 years after they are bankrupt 😂 Correct if wrong but… Still zero evidence they can even run an AI grade facility… zero proof of concept except peer tests which show they are not quality cloud provider…. Current capacity is literally 0

@DeepValueBagger What are your thoughts on the massive SBC?

@DeepValueBagger Great to buy at 25 when promises materialize. Awful disaster $IREN

@DeepValueBagger i have a $1000 price target when all 4.5GW is dealt out on $IREN :) I can wait, this year will be telling.

I agree this looks more like an execution timeline issue than a fundamentals issue. secured power, financing, and sites are in place. The OK campus is a big step, but infrastructure just takes time to show up in the numbers#. calling this “broken” feels like overreacting to short-term noise.

@DeepValueBagger All of that is great, but it’s missing the most important word: demand

@DeepValueBagger ER looks solid but 4.5GW secured means nothing until they prove they can build on time. Microsoft deal is huge but execution risk at this scale is real, especially with power costs shifting fast.

@DeepValueBagger $CORZ revenue on the sheets this year.

@DeepValueBagger It’s great. You just lost half your investment in three days. That’s pretty good. Lol 😝

@DeepValueBagger I like, thanks for the summary DVB

@DeepValueBagger Please explain why the negative reaction

@DeepValueBagger Miss by 643% 🤣 « looks great » 🤪

@DeepValueBagger Completely agree Just added at 33.5$

@DeepValueBagger Gonna buy at 30$ looser

@DeepValueBagger In a week I go from 60 to 37 .. crazy