Paul Prager just said $WULF is not close to issuing equity at these levels.
Most of the sector is still getting treated like a high-beta GPU trade.
He’s explicitly framing them as the landlord:
• Own/control the power and land
• Long-duration contracts with credit support
• Protecting spreads
• Not casually absorbing financing risk
If the real constraint is energized power (it is), this is a different risk profile than a pure neocloud.
The market doesn’t seem to care yet.
How are you valuing names that actually own the power vs. ones that are leasing it?
$IREN / $CIFR holders. Be honest.
If a 45-50% drawdown is making you question whether you should sell, you were never actually long the thesis.
You were long the chart.
The power is still being built.
The contracts are still signed.
The 2027–2028 capacity is still coming online either way.
Most people will fold here.
That’s how these stocks work.
A few will look back in 18 months and realize this was the entry.
Which one are you?
Crypto takes off 🚀- Ai traders FOMO
“Your gains are a direct correlation between how much money you are willing to put in an asset before it is comfortable to do so.”
Crypto should remind everyone it is always quietest before the storm.
We are so early in $WULF $CIFR $IREN
It is hard to remove short term price action from rational long term thinking.
Everyone is a great investor in a Bull Run straight up. True investors are made in between.
Stay positive !