IREN stock is totally broken, all thanks to the crazy vision of the CEO and his 1Billion ATM he wants to waste on HPC AI equipment that turns into trash after 2 years because there is newer better technology that makes it obsolete.IREN Limited stock forum
IREN stock is totally broken, all thanks to the crazy vision of the CEO and his 1Billion ATM he wants to waste on HPC AI equipment that turns into trash after 2 years because there is newer better technology that makes it obsolete.IREN total slouch worst performing miner. Good job Dan..IREN gets about $20M a year revenue on HPC AI and yet they are doing a ATM for 11B so they can waste that on more HPC AI hardware and infrastructure, that’s a total waste of time and money IMO. It will take them decades to get the Billion $ ATM money back. They should just use the ATM money to buy Bitcoin and when it goes up 25% sell it and there you go $250M profit in not long.IREN no sign of recovery. Thanks Dan you’re doing a terrific job tanking the stock and losing all your long term shareholders. Canceling Bitcoin mining growth once you reach 50EH was a stupid idea. Then top off that pile of manure with a Billion $ ATM and then the death blow is wasting all that Billion on HPC AI that makes basically zero revenue and you can’t resell the equipment and infrastructure you build to anyone. Now you get a $2 stock. Congratulations.IREN worst performing miner. After that massive crash from $13.50 to $5.15 it has no bounce and no sign of reversal really for that size of crash. Meanwhile Bitcoin is doing just fine.IREN total slouch 📉
IREN Put dominated flowsIREN If we get passed $6 - We could swing upwardIREN Heavy hedging (puts) at $6.00IREN Ripped up this morning!