Jason

#MiningMafia. IYKYK

[Jason @IREN_few]

My point was not to throw the baby out with the bath water. I agree that this RSU seems shady, but Mike helped me to see what I probably wouldn’t have seen without his voice. Because of that I am retired at 46, debt free, and paid for my dream home in cash. I’m grateful for @mikealfred regardless of how I feel about the RSUs. 🍻

[Jason @IREN_few]

A lot of $IREN shareholders are bashing on @mikealfred. Though I don’t agree with his signing off on this RSU package, I will say loudly that he has been a Godsend for me in helping me to navigate through the weeds in my $IREN and $CIFR investments. They have truly changed my life! I’m not gonna through out the baby with the bath water and give credit where credit is due. Thanks Mike! I very much appreciate you! 🙏

[Jason @IREN_few]

@mikejones22110 @danroberts0101 Some of us are smarter than others, obviously. 🍻

[Jason @IREN_few]

Amen! So be it! It is written! 🍻🚀

[Tyler Page @rftylerpage]

The market also needs to learn to differentiate among the business models of companies in “data centers”.

If the largest companies in the world now want to sell compute, that would logically increase demand for hard-to-find megawatts in an already constrained market. If a company has a 4.2GW portfolio of development sites and builds turnkey data centers for tenants (so the tenant can manufacture and sell compute), recent headlines seem very positive for such a company.
@CipherInc $CIFR

[Jason @IREN_few]

@DeepValueBagger If this is a whale, just consider me a family of whales 😂

[Jim Liu @jiahanjimliu]

$IREN: Performance Target for CEO RSU Compensation - Calling All Retail

I support @neel_epochal's call that we need to attach a performance target for each of @danroberts0101's and Will's 9.1m share compensation package.

I believe in $IREN hitting $150, shouldn't Dan and Will? If Dan and Will do what they claim, then $150 is a nothing burger. Even by 2027 when their first tranche vests. Can Dan and Will please consider adding a $150 stock price target as a performance metric for their RSU compensation package? This will instill confidence in retail that has supported them for years.

I am a small retailer with 37.2k shares. I can confirm @neel_epochal has 703k shares. There are significant retail whales with one person at 3m+ common shares. Can we get @leopoldasch whose fund owns 11m shares to support this?

Poll in quoted post since X didn't let me attach poll to long post.

[Jason @IREN_few]

Couldn’t agree more.

[𝐀𝐠𝐫𝐢𝐩𝐩𝐚 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 @Agrippa_Inv]

Well said, Neel! I’m genuinely surprised that they were so brazen, or better said arrogant, to provide themselves one of the largest pay packages in America (easily top 10 in the SP500), WITHOUT any KPIs attached.

It’s a real spit in the face to all $IREN shareholders and I honestly think the board needs a serious make-over.

[Jason @IREN_few]

@Alejand22579071 Only when you take money out of the account.

[Jason @IREN_few]

Full confession. I traded back into $IREN in my IRAs. Took a small loss. Haven’t made this mistake in the market for a long time. I am still very frustrated for the lack of communication from the management but not holding $IREN at these prices is just plain stupid, which I was today. I’m not holding as much however, as I increased my $NUAI position. Hard lessons learned. 🤦‍♂️

[Jason @IREN_few]

@JPINVESTS23 Still my largest holding dick. I’m also not a sheep. Being able to reason and make adjustments is a desirable trait by the way. 🍻

[Jason @IREN_few]

Sold $IREN in my IRAs and reallocated the funds into $NUAI, $CIFR and $WULF. Still holding a large $IREN position in my brokerage account but I am extremely disappointed with the management. Honestly, it’s pretty shameful with their lack of communication. I still believe in the long term future but this move is for a more sure short term outlook. 🍻

[Jason @IREN_few]

Current portfolio from largest to smallest.
$IREN
$CIFR
$NUAI
$WULF

[Jason @IREN_few]

I now have over 83,000 shares of $NUAI
Let’s go! @litigious_dulce @KashRamki @bitcoinbutcher1

[Dulce @litigious_dulce]

$IREN is doing what many of us criticized $MARA, $RIOT, and $CLSK of doing: giving enormous executive compensation that is not based on performance. Like @bitcoinbutcher1 , I find this recent development disappointing.

Perhaps this may backfire in the future, but I do encourage IREN investors to look closer at $NUAI. BTM is a real thing, and the C-suite is genuinely impressive (see Evan Pierce's and Jose Rodriguez's backgrounds on LinkedIn). It's also on sale after the major drop yesterday lol.

[David Sacks @DavidSacks]

Legacy Media types are calling this Alex Karp interview a “crash-out” so that’s your first clue that he is actually saying something extremely insightful. He is articulating what real “AI safety” looks like in the enterprise.

Not abstract alignment research or certification by a government-run DMV for AI. Real AI safety for businesses is the ability to control their own data, model weights, and compute — so a frontier lab can’t hoover up their proprietary knowledge and turn it into their next product.

As Karp explains, technical customers want “control over their compute, their models, their data stack, and their alpha. They want to know they own the means of production, and it’s not being transferred to someone else.”

Don’t think that can happen? Just look at Figma. According to The Information, Anthropic “blindsided” its then-business partner with the launch of Claude Design. Figma’s founder said Anthropic had not been “consistently honest” with them. Anthropic’s chief product officer had even served on Figma’s board until three days before the launch of Claude Design. Figma’s stock has fallen sharply this year while Anthropic’s valuation has surged.

This isn’t an isolated example. Anthropic has launched Claude Science, Claude Security, Claude Legal, and of course Claude Code — each expanding into categories previously served by companies building on top of their models. The pattern is consistent: watch where value is being created, then move in directly. Dominate the model layer, then use that position to capture the most lucrative verticals.

Dario has argued that open source models powerful enough to compete with Anthropic are “dangerous.” But dangerous to whom? Not to enterprises that want to retain control over their data and workflows. Dangerous to a business model that benefits from customers having few real alternatives at the model layer.

As Karp exposes, true enterprise safety isn’t trusting that a lab’s future roadmap won’t include your business. It’s retaining the ability to choose — at the model layer — who gets to see and use your alpha.

[Jason @IREN_few]

I agree. This is why I haven’t hit the sell button. I’m just disappointed in the optics. I also believe everyone can improve and I’m using my small voice in hopes to encourage them to work on their IR. Do I believe I’m making a difference? No, not really, but I’m trying at least. I can say this, I have no regrets buying $IREN.

[Jason @IREN_few]

We just have two different perspectives and we’ve both been around the same time frame. I was also buying heavy in the 5’s and 6’s. I prefer more communication and you seem to prefer none. We both believe the company will do well, I just believe they are causing unnecessary damage along the way. My point with the RSU’s was to point out that they are not tied to any performance and this is not okay with me. The optics with it are just bad, through and through. I do like your conviction though. We have definitely shared that with $IREN for a long time. 🍻

[Jason @IREN_few]

No, I actually wouldn’t. Even Elon had strict and specific targets that were clear to the investors that were tied to the stock price. It’s just optics. This looks bad regardless. I still believe in the company, I just believe they are handling things in regards to communication very poorly and I’m not just going to give them a pass.