@APompliano@elonmusk Honest question, what’s the benefit of merging other than some administrative efficiencies. Generally activist investors advocate for breaking up the pieces since it produces more value.
@mikealfred I never warm up with a sand wedge, maybe pitching wedge but generally a 9 iron. 56’s have bounce, not a club to warm up with on a driving range.
@moninvestor The concern is IREN building overcapacity. Massive risk from an investment standpoint. If they build it does necessarily mean “they will come” doesn’t matter what the CEO says either
@mikealfred@NICKYSANTORO23 I think the BTC investment narrative of scarcity and hedge on inflation is becoming largely irrelevant if the value of BTC can’t be reasonably predicted based on typical fundamental investment analysis using discounted cash flows. People becoming dissatisfied with this asset.