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IREN LimitedIREN LimitedIREN Limited

IREN Limited

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IREN Limited stock forum


IREN my previous thought has been invalidated so far. Took some profits, will buy back on a dip still holding a good amount.
IREN was that the end of the run up ? Maybe the market doesn’t like that they are no longer expanding the biggest source of revenue and instead focusing on a tiny 50MW liquid cooled HPC AI data centre. If I was CEO I would put out a presser expanding another 5-10EH gotta keep up with global hash rate expansion.
IREN There is 2 cup and handle formations on the chart where the smaller recent cup and handle formation has completed the cup, now we need the handle, some consolidation. The second cup formation started from when the company went public and has a target price approx $31.00++ need to reclaim approx $17.00 to complete cup then make a handle for the breakout to new ATH.
IREN I admit it’s looking strong and has momentum. I like to see a large contract with a hyper-scalier in the near term. I assume as the sweet water sites get built up they will get more valuable and attractive for the market.
Sahrin
Price is riding the upper Bollinger Band, which typically signals strong bullish momentum.
Snapshot
IREN For the $500 million convertible note offering the short-term outlook appears to be more bullish than bearish. The strong demand for the offering, strategic use of capped call transactions, positive analyst ratings, and increased options market activity all point towards a favorable short-term trajectory for IREN's stock. However, investors should remain mindful of potential risks, including dilution and market volatility, which could impact the stock's performance. For options expiring on June 27, 2025, the bullish indicators suggest that there may be opportunities for gains, particularly if the market responds positively to the offering and IREN's strategic initiatives.
Snapshot
IREN the big problem with these convertible notes is that the buyer hedges with a short position. They just Did 400M$ I’m December then a Billion$ ATM early this year now another 450M$ with the option for another 50M$. This company is completely out of hand with all this debt and printing of shares.
IREN the greed of the CEO is showing again today he is printing shares from the Billion $ ATM no doubt. Why not let the stock run over 10$ again before printing ? Pure greed. They are sitting on nearly $200M cash and mining nearly $60M a month they don’t need the cash yet they print with desperation.