What’s funny in the land of hopium, otherwise known as Iris Energy, is that if they had customer contracts for their GPUs they are buying on spec, with leverage, they would have announced those customer contracts. This is the most promotional management team ever, and you can bet

Why is EQT entering the marketing business, short 2mmtpa of Henry Hub natural gas and using its valuable cash? This is a very low multiple business they are entering. $EQT

Can't wait until the most promotional management team on the planet with the most biased press releases doesn't have an HPC deal tomorrow for their earnings, but then they make extraordinary promises for the pump, and then they announce financing over the next week. Rinse and

Nvidia preview. AI is cool. Demand is strong. Evading export rules and sending as many H100s and Blackwells as we can to China. $NVDA

I wonder how the SEC enforcement and crypto folks view an insider, a "board member," if you can call this paid shill this, of Iris Energy tweeting this hours before $IREN reports earnings this evening? Mike Alfred SEC Enforcement

Haha this is fcking hilarious. Iris / $IREN is the only public company that would attempt to get away with this: Headline Pump in Press Release: "Expansion to 10.9 GPUs & $200-250mm AI Cloud Annualized Revenue by Dec 2025...w/ footnote below #1... Reality: Footnote #1: "AI

This just in, Iris burns over $1B of FCF in the latest fiscal year, with CFO of $245.9mm, and capex of $1.3805B = -$1.134B of FCF. If you think this is bad, wait until the halving in three years cuts their CFO by more than half on their existing assets. The retail lemmings have

I don't care how the call is going or what they say in the first half of the release where most gullible retail investors stop reading to guzzle more kool-aide. I am looking at the bottom half of the press release that shows that every thing they say in the top is made up and

Core Scientific $CORZ has a $5B enterprise value and is getting bought by $CRWV and has billions of contracted revenue from Coreweave and hundreds of MW of asset-light revenue prospects, where CRWV is providing the GPUs. Terawulf $WULF has a $4.3B enterprise value and has 360MW

If you think that Iris is not taking advantage of every ounce of the night before christmas parity pump yesterday afternoon from board member mikea fred and the company press release "illustration" (fantasy) pump yesterday to sell as much stock as possible under their ATM today

When is the SEC going to take a look at Iris? How can public company CEO say the company is generating substantial free cash flow and then post -$1.1B FCF in the same year? Then they have a paid board member pushing Iris on twitter in Mike Alfred while they sell copious

The AI Revolution is so massive that electricity prices are moving in a literal straight line higher. Energy is the new limiting factor to AI growth.

Between the tweets and the Spaces, the retail minions of $IREN have convinced themselves of some frenzied fantasies the likes of which I haven’t seen when measured by degrees of delusion. What’s worse, is a paid board member with inside information is feeding this frenzy,

Iris lies. So while management was putting out fantasy illustrative math and calling it “revenue” to pump their shares, and these retail kids were pumping what they were guzzling, behind the scenes $IREN slipped this re-upping of their ATM. Moar equity incoming. Iris lies again.

Texas has many things going for it, including fewer building and site regulations, but this is why 24/7/365 HPC-AI compute doesn't make sense in ERCOT/Texas, and why I believe we are not likely to see ERCOT AI-HPC deals anytime soon unless they are co-located next to a dedicated

JOLTS. Construction Quits. Leading indicator. At level not seen GFC.

Another person who drops into tweets about $IREN, can’t take it that someone has an alternative viewpoint, talks about when they bought Iris which apparently makes them smart, and then blocks me. What a fragile bunch of pussies.

Sensitive Iris Energy knob-gobbers beware, someone else who “doesn’t know what he is talking about” is making fun of the $IREN alleged / illustrative business model “flywheel” where you buy a sh*t load of GPUs…?….