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Agree probably see minimum $11 highs this bull run imo.
Long term we got a winner here , great picks up when we did
Will watch 5 area now for adds
4s were and now 5s right above 200 ma is a great place for entries
Still an echo chamber. IREN has already joined the top five imo.
Undervalued.
As predicted, but sooner. ATM has ended, 20 e/h fully funded, and reporting quarterly from now on.
Up 20% on a very red day for bitcoin and most miners.
Watch this one. If bitcoin dives, I scale in with more buys.
No one here, but anyway. IREN just increased an existing ATM, which is why it's dipped hard. Going for 20 e/h by 2025. AI infrastructure in place and earning revenue. Dirt cheap energy. Hardcore management.
If it continues to dip for the next week/s, an absolute buy, imo. Or now, as a hold.
In 6 months, this will be one of the top five miners.
they report once every 6 months, which is going to hold them back. When over half their business comes from the US, they'll have to report every 3 months. Like BITF, this one will be slower than the present 'star miners,' until it isn't.
Buying low.
I hope for 4.1 all the gaps will fill .been in this rodeo for over a year know this ticket well but if Bitcoin can hold 52000 then we see 53800 but either way I think we see 10+- by July(I'm a day trader but I'm going long as well on some crypto tickers because I'm traveling in Asia but still trade even traded this one twice Friday but hold a chunk $3.9 avg.
The Dilution might knock it down to 5s first
Agree first we will break year high $9.50+- that in the worse scenario imo will happen in April but can happen next week but keeping in mind the 2 gaps on the chart.
100% agreed. As I expected, EPS was a misprint: it is -7.2 cents per share. This is a 25 dollar stock all the way.
I was a sleep wish I had my bids in Bitcoin now over 52000 hope it holds next few days then 53800 next test,red day is good consolidation but I think we hit $10 witch the question is next 2 weeks or we dip down then run hard in April.
Yeah, today was weird.
I'm guessing the 7.20 dollars per share loss (!) was a misprint for 7.2 cents. A loss of 470 odd million dollars makes no sense. But maybe not. If it drops tomorrow, I buy.
COIN made up for a good bit of it.
I was up %110 still got a chunk.
Up 21% since my post, last night.
Might dip after earnings on 15th. But a monster in the making.
Well, IREN made a move north since my last post...
This is one of the future greats. Kind of under the radar right now.
All for u..
10?.. it will go back down.. watch for the sink..
MYNA.. looks like a low floater .. easy to go up.. or very easy to go down.. right..
peeps are selling off.. they know this is gonna sink..
MYNA.. it wants to smack the ground ..
CENX..Its collapsing.. too
IREN.. heavy sells about to begin..look out below..
IREN.. about to collapse..
Do u want it up or down..
watch out.. $8.00 coming..
IREN .. is going to sinkl..
CENX is going down too..all because of u..
Looks like this is going down faster than 1000 kg stone dropped from a cliff.. sad for u buddy..
OMG.. looks like we are heading to the underworld.... what next you want?..
Watch out below..its gonna cave in..
Time to pull the rug under the floor.. please don not scream like a girl when things happen..
ABSI.. CNEX..IREN.. all going down.. because of you..
I am saying it today too..
YOU SAID THT FRIDAY...LMAO
This is going down..watch out for sells..
Look out below..the abyss..
Oh.. well then .. time to go .. down..
lmao....9 dolla monkey..wannabe
OMG.. Iren is sinking coz of u..
9 bucks?.. where.. its falling like a dead boulder..
Here comes 5 bucks
oops.. is iren going down?..
Not out?..wait and watch..
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The company is Iris Energy (IREN).
Iris Energy is an Australian-based bitcoin mining company that is a newcomer to the bitcoin mining world, but which has the potential to turn into an industry powerhouse by 2023.
For context, bitcoin mining companies are firms that acquire and/or build huge data centers, and apply that compute power to solving bitcoin hashing algorithms. For solving those algorithms, these mining companies are rewarded with bitcoin. In short, these companies leverage big computers to solve hard math problems in order to win bitcoin. Their revenue is the value of the bitcoin they mine. Their costs are the costs it takes to mine those bitcoin.
The bitcoin mining industry is very crowded. Iris Energy is a relative newcomer to the industry, with an operational compute power – dubbed “hash-rate” in the industry – of just 0.7 EH/s, good enough for a measly 0.4% share of the bitcoin mining market.
However, Iris Energy has three big things going for it:
First, the company’s mining operations are based on renewable energy. Its first data center in British Columbia is powered by 98% clean energy. All future projects will have similarly high clean energy power rates.
Second, Iris Energy doesn’t hold Bitcoin on the balance sheet, unlike many other miners. Iris liquidates all of its Bitcoin holdings, thereby producing instant cash flow which can be re-invested into scaling data center infrastructure, improving the hash rate, and ultimately earning more bitcoin.
Third, Iris Energy has secured contracts to bring on 15.2 EH/s of miners over the next two years. Therefore, the company’s hash rate will grow by more than 20X into 2023.
Iris Energy went public via an initial public offering in November. The IPO price was $28. The current stock price is $13 and some change. The company is valued at around $800 million, about half of its IPO valuation.
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