IREN is mining a single bitcoin at $40,000 all-in costs. When bitcoin appreciates to $150-200k, the miners with their rigs, land, infrastructure, balance sheet, hardware etc will be repriced higher. Thats the gain I would like to capture with this entry here at $9 a share.This phenomenon will be seen throughout the entire sector, all miners will appreciate from here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.