We've officially surpassed 2800 members in Telegram.
Our community continues to grow on a daily basis and I want to take a moment to thank each and every one of you for your continued support. 🤝
What $IF you stopped by? 👀
$IF
$CLSK
Tune in to hear just how @GaryVec and team views @CleanSpark_Inc’s lease interests today and capital strategy for scaling into HPC!
🎥🎬👀👇
How CleanSpark Plans to Build Their Capital Moat for HPC
https://t.co/q5bXHVlpKJ
$CLSK
When I did the daily mining and wallet checks, I noticed @CleanSpark_Inc pulled 1500 bitcoin:native over from their stack and deposited into @coinbase!
No reason to start a loan now and begin paying interest unless they’re planning a big purchase or need cash for financing CapEx ASAP🤓
Whatcha got cooking @smatthewschultz and @GaryVec 👀
$IREN $CLSK
While we are reviewing compensation, I thought I'd compare the fan favorite @IREN_Ltd with @CleanSpark_Inc in terms of shareholder alignment.
IREN:
9.5M ($360M in value as of today) shares were granted/vested to EACH the CEO brothers for agreeing to keep their seats warm (No future performance necessary).
That's after a record compensation last year of $72.6M per brother after price had ran up (which many people felt was justified).
CLSK:
@smatthewschultz can receive up to 2.296M shares but only if certain performances occur.
@GaryVec can receive up to 1.502M shares but only if certain performances occur.
Let's take a look at the required achievements:
Tranche 1 - $18.80 average share price for 20 trading days AND gross power under leases to customers for data centers (600 MW gross min and max payout at 800 MW gross) during the period ending 3/2027 and still employed in 3/2029.
Tranche 2- $47 min avg SP scaling to max of $94 avg SP within a 20 day trading window AND power under leases to customers for data centers that are operationally ready to host IT equipment and deliver services (RFS), with min threshold performance at 1.0 GW and max at 2.5 GW, before September 30, 2030 and still employed in 9/2030.
One of these incentive packages is bullish for non-dilutive AND fundamental growth of the company.
The other seems like a gross money grab and highly dilutive if exercised.
NFA just my thoughts 🤓