Lev Myshkin

[Lev Myshkin @levmyshkin2026]

@mikealfred Cifr $60 Mike?

[Lev Myshkin @levmyshkin2026]

@mikealfred you were talking about Nvidia

[Lev Myshkin @levmyshkin2026]

@mikealfred no sound

[Lev Myshkin @levmyshkin2026]

@chinoalemano Mike Alfred said the deal won’t be with Anthropic.

[Lev Myshkin @levmyshkin2026]

@mikealfred Diageo?

[Lev Myshkin @levmyshkin2026]

@Fibonacci_TA Thank you for the update. Flow being bearish for 24 hours doesn't change anything in Iren's structural thesis even if the print is bad tomorrow.

[Lev Myshkin @levmyshkin2026]

@HyperTechInvest Software is a moat. Not the only one. Not the biggest one.
The frame "software captures the value, infra is commodity" is wrong for AI infrastructure. Value splits across layers. Software gets a slice. Power gets a slice. Operations gets a slice. Inference gets a slice.

[Lev Myshkin @levmyshkin2026]

@McnallieM That's the rerating right there- from landlord to operator.

[Lev Myshkin @levmyshkin2026]

@danroberts0101 @danroberts0101 "Bringing compute online is the hard part" — true in 2010 too. EQIX did the hard part. AWS got the multiple.
Stack timing: NBIS 2022 · CRWV 2025 · IREN 2026. Market: NBIS $88M/MW vs IREN $11M/MW.
Mirantis closes the multiple — or the margin?

[Lev Myshkin @levmyshkin2026]

@mikealfred

[Lev Myshkin @levmyshkin2026]

@mikealfred This is the actual hidden bull. The math is brutal.

[Lev Myshkin @levmyshkin2026]

@mikealfred $42-60 Mike?

[Lev Myshkin @levmyshkin2026]

@aleabitoreddit Which tranche of capital specifically forces them to draw the ATM heavily, and at what BTC price does the math break? I bet you can’t answer this with numbers.

[Lev Myshkin @levmyshkin2026]

@soonfully @mikealfred Stuff like this move markets

[Lev Myshkin @levmyshkin2026]

@danroberts0101 So it will be a difficult print on May 7th and you are asking for our patience?

[Lev Myshkin @levmyshkin2026]

@Agrippa_Inv @aleabitoreddit Past ATM performance during a 15x bull run tells you nothing about ATM risk during a period where the stock is down 55% and the company needs to deploy 145,000 GPUs in months to justify its valuation.

[Lev Myshkin @levmyshkin2026]

@BecauseBitcoin The gap between aspiration and reality is stark. Q2 FY26 (October–December 2025) AI Cloud Services revenue was $17.3 million for the quarter implying roughly $69 million annualized.

[Lev Myshkin @levmyshkin2026]

@BecauseBitcoin there are legitimate risks for Iren in regard to execution

[Lev Myshkin @levmyshkin2026]

@Agrippa_Inv The real risk is execution. The company has never hit a near term AI target on time. Not one. The $500M ARR- missed. Horizon 1 go-live - delayed. 150K GPUs- 3,500 generating revenue with 9 months to close a 40x gap.

[Lev Myshkin @levmyshkin2026]

@GrindeOptions Why so bearish?