Elias Marshall

Europe is the total shit it is today because of this motherfucker.

$B, $NEM, $AEM Looking interesting. If gold and silver really have bottomed expect the best miners to benefit from a turnaround plus lower oil prices.

$B, $NEM, $AEM Looking interesting. If gold and silver really have bottomed expect the best miners to benefit from a turnaround plus lower oil prices.

$IREN My take on the Company, after July report, in pills. 1. Investors don’t like ‘gambling’. Iren cost line volatility is way too extreme. Management need to fix this issue asap otherwise $IREN is uninvestable for majority of institutions/investors. 2. Not only potential buyers are scared, some *current* investors are or feel forced to exiting. 3. Management needs to address this issue & disclose taken initiatives as to limit costs extreme volatility (the sooner, the better). 4. Comp pack should be restructured and linked also to HW margin. There should be no quarterly variable compensation if quarterly margins below a min level. Regardless of anything else. Iren has a chance to reinforce its leadership in friendly comp policy among miners (thanks to most of others dumb policies). Be the benchmark ! Investors will appreciate and come back, forgiving local failures. 5. Management should also consider & adopt a new quarterly policy regarding SELL/HODL. Example (to give the idea): no (mined) BTC sales if BTC price below a minimum level (= monthly cash costs ?). Public disclosure of this decision would help. Iren should NOT sell BTC at a loss during what is commonly believed to be a bull market. A temporary HODL should become mandatory if costs are out of control for a (short) while. 6. AI - Childress testing is becoming *extremely* critical/relevant. It should be activated ASAP (not generically in H2 2024). Communicate the outcome asap (whatever that is). This is another ‘uncertainty’ that investors don’t like. 7. Monetization - while investors well know confidentiality is mandatory during potential negotiations, they also appreciate to be regularly informed on progress (main items): timeline goal ? open procedure, one-to-one ? JV partner or sale ? targeting MW in Canada/Childress/New 1.4GW Site ? targeting hyperscalers ? It’s ok to be wide & generic initially, but along the way investors expect the company to narrow down / better define the pursued strategy. 8. Mining - it’s time to be more explicit in the EH growth and disclose internal monthly plans. Most investors I’ve talked to expected a 0 -+4 - +6 EH monthly growth in each quarter (Jul/Oct, Aug/Nov, Sept/Dec - Q3 & Q4). Would be nice to know from the Company. 9. ATM2 - Investors didn’t appreciate no FUNDING update in July Monthly Report. Obv, everyone did assume no sales occurred in the month. Issue is, once again, ‘uncertainty’. Can Company inform even if/when nothing changes ? Or just confirm that if/when there’s no commentary, it means nothing happened ? Absolute silence isn’t the best option. 10. General - all the above is mostly generated by the July failure. FUD grows during huge miss, sentiment can turn back up when seeing management caring for its shareholders & long term investor base (with unique decisions & higher quality comm). Mostly my opinions. Some shared & agreed with several other investors.

This is where the champions are made❗️

I sold my $iren this morning premarket and have reallocated to $nuai $wulf $cifr Right now I’m focused on my 4th of July holiday business and will follow up with a space or post to give more detail to those at are concerned with the reasons