Matthew Dorey

@JonahLupton @TheBigBerbowski Did the same! Love both companies but $IREN is definitely up next for new contracts

We did trim some $NBIS this week (up more than +200% from February lows)… and added to our $IREN position which might have more upside than $NBIS over next 3-6 months. We still love $NBIS for the next 3-5 years but it might need to digest these recent gains before taking another leg higher.

Can anyone explain how to value $NBIS ? Without using: - it will brr brr - bottlenecks - the demand is outpacing supply - asymmetric opportunity I know a lot of folks in the market today never talk about income, as that's secondary, but I think eventually companies will have to justify the price we're paying today. I hope? How do I know if I'm paying too much today? How do I know how much they can still grow? Genuinely interested to know what am I buying at the current price? Everyone is saying it's such a wonderful opportunity. I hope someone can educate me. No ragebait, honest question. I follow some NBIS bulls, but I never asked about it and about its opportunity. Please let me know should I convert to NBISism.

@ViralMuzik1989 I'm bullish $IREN but Jane Street positioning with this kind of size in a stock is never bullish. However they may have already exited as these are delayed by about 45 days.

Jane Street just filed a monster position in $IREN. One of the sharpest trading firms on the planet now holds: • 15.8M Calls → ~$543M • 12M Puts • 2.85M Common shares Net “heavily bullish” bias with calls dwarfing the rest. Total notional exposure over $1 Billion. This is the same smart money heavily in CoreWeave… but they’re clearly rotating into listed operators with real power + execution like $IREN as NVIDIA’s AI Factory buildout accelerates. I’m already positioned and added on the recent dip. These are exactly the asymmetric institutional flows that have moved my portfolio the most on this £0 → £450k journey. What do you make of this 13F? Bullish or just hedging?

@BitcoinAIGuy @Ren_aramb @kevinxu I think 3x

@Ren_aramb @kevinxu $IREN can 10x in 2-3 years

Imagine paying @kevinxu $200 just to be told to go all in on 1 stock because it worked for him. I went into $IREN in January alongside Kevin. My money would have been better spent on an ETF. Even after the $6B dilution was announced, he kept telling his massive following to stick with the stock. At the end of the day, it’s on you to know who you follow. You’re better off putting that $200 into an ETF and following the right people on X who share free alpha every day. There are a lot of hidden gems on FinX. Some have 300k followers, some have 3k. There’s alpha on both, don’t go blindly following anyone’s advice. PS: $IREN crowd, nothing against the stock. It was a massive win last year. But it’s about knowing when to recommend what. Timing matters. So does owning your losses.

$IREN somebody

@ilzmcfly @BitcoinAIGuy It does if you can't guarantee compute until 2028 or beyond

@MatthewDorey3 @BitcoinAIGuy that does not stop you from signing contracts

$IREN max pain at $52 Jane street wants $52 or lower today… Deal next week? 👀

@ilzmcfly @BitcoinAIGuy They need to install them

@MatthewDorey3 @BitcoinAIGuy But they already procured the 150K GPU's for the $3.7B ARR 2026... The guided Contracts and ARR, they did not guide installs and revenue.

@ilzmcfly @BitcoinAIGuy Because they're delayed on their GPU installs by a significant amount.

@MatthewDorey3 @BitcoinAIGuy so why did they sign 60MW for 2027 when they still have 50MW and 80MW at mackenzie for 2026 🧐

@BitcoinAIGuy @Craaazy1231 We will see 40s before we see new ATH again

@Craaazy1231 Lol it’s going to $500 😜

Bro said, rotation since Iren was 70. Now it’s 54. It’s going to 20.

@LEADER_TRADING We're going to tap the 40s very briefly

If you don’t add $IREN at exactly $54.62 you like kicking puppies.

@FL0WG0D Looks like hedging. They've been setting up calls like this for the last 6 months. Think we tap $50 again over the next week snd then go for $60 again. Maybe we get a deal in the few months but I wouldn't hold my breath. I still think deals will be in Q4.

Over $50 million into these $IREN 110 calls now. Something brewing?

@robot_maniac I'm trimming some of my $NBIS as well go higher and adding more $IREN on anything under $65. Believe once they get another deal we should see $100 relatively quick. $70 will happen regardless

@MatthewDorey3 Are you adding to both here, or are you waiting for $IREN to clear its recent resistance first?

Absolute euphoria in $NBIS; if you’re not taking $NBIS profits at $222.50 and rotating into $IREN at $56.72. You might miss the easiest 10x of the cycle. This is textbook.

@Umbisam That's a very odd trade. Note holders positioning themselves perhaps?

$IREN 🤔

@BitcoinAIGuy They need to get to new ATH first and then not dilute anymore. Going to be difficult but kf they can do it then we will fly.

@MatthewDorey3 $IREN is in the early stages of flying to $500-$700

@marksotoges That plus some ATM definitely being tapped here.

Once the strikes are set for the notes we fly. $IREN a buying opportunity created by note buyers artificially holding price down to get a better deal.

@BlackPantherCap Definitely delayed GPU installs after last earnings. But we will see how they bounce back. Their slogan is execution and getting GPU installs on time is big one.

@MatthewDorey3 Yeah. But management is good. They have delivered, always. Not broken their words yet for investors.

Prediction: $IREN will announce a HUGE deal soon. Jump 30% and continue towards +$100 soon. Save this. -BP Reminder: This is not financial advice.

@BlackPantherCap This is true. Unfortunately the most disheartening news for me was that they've been delayed significantly on their GPU installs. This boils down to managements arrogance on trying to squeeze $NVDA earlier in the year. Happy to see they finally paid the fee to do business.

@MatthewDorey3 You could be right. Cost money to make money. On the other hand, when setup is done (production running) they’ll be sitting on a goldmine

@BitcoinAIGuy @data168 10xx from here would require ZERO dilution other than the 6B ATM and a litney of upfront payments from hyperscalers. So fsr this seems to be very challenging. Hoping things will change in their favor soon.

@data168 Same. $IREN can 10x from here < 3 years

I'm bullish on $IREN, very bullish.