Albert ⚔️ ✨OVERWORLD STONE🐦⬛🪨 $MOJO
2.4K posts
















I see zero compelling case to hold $IREN. Especially given the new $6B share dilution at a $12.8B marketcap. People will likely see that marketcap inflate to $20-$25B. But the value of their shares decrease over time. The risk reward is just not there anymore. Companies like $CIFR offer much more asymmetrical upside given their colo model for $AMZN and $GOOGL through Fluidstack. And companies like $NBIS offer much better diversification (robotaxis, clickhouse), derisked execution, and are well supported for capex. With $IREN, there’s no way to justify being diluted close to half the market cap and cheering that on. Even with a new hyperscaler deal there’s risk reward is just not there. I was bullish $IREN last year but sold it. As holders went from: -> 3GW capacity, asset lite, Colo model (was a fan of this) -> Buying GPUs for $MSFT and cheering on execution risks from the pivot (not a fan) Into -> Cheering on $6B of new share dilution + getting sold on the open market against their positions. (AMC bagholder territory) If you’re trying hard to justify why new ~50% dilution is a good thing sold against your positions and trusting in management: Sorry to tell you, that you’re now in the $AMC equivalent club for datacenters. There are much better longs out there.












