Miner Reddy

Longterm investor in Bitcoin Miner IREN

[Miner Reddy @pred3500]

@SlavMarkets Perhaps you heard of the term fundamentals and you completely ignored it

[Robert Mitchel @WLCMensSoccer]

$IREN another exciting day!!! Wall Street prime brokers are signaling that they won’t be lending anymore money to short seller hedge funds. To put it another way: Wall Street prime brokers want a bull run for their wealthy clients. And they will win.

Hedge funds are already leveraged up to 215%. We have seen that their algos are running on fume. The deleveraging short squeeze will be interesting.

IREN’s market cap is now trading very close to its cash balance (8 B as of August). If this price is rational, it would mean that outside of its cash position, IREN is worth absolutely NOTHING. It is not only priced for bankruptcy, but its GPUs, its substations, its facilities, its interconnection rights, its long term contracts, all of it is worth ZERO according to algos.

Algos have been able to mechanically derail prices of Neoclouds to absurd levels and way below their fundamentals.

SHORT SQUEEZE INCOMING. Just be patient.

[Miner Reddy @pred3500]

@Gubloinvestor Kid analyst 🤪 can’t make the difference on a pump or dump

[Miner Reddy @pred3500]

@BitcoinAIGuy How many times do we need to wake you up 🤪?

[Miner Reddy @pred3500]

@benoitz 😆

[Miner Reddy @pred3500]

@FransBakker9812 @OriginalHB66 Plenty of kid analyst around not paying attention to those wasted talents

[Miner Reddy @pred3500]

@thecryptodeal @Hut8Corp @ashergenoot @alansmurray @WSJ What a clown absolutely no remorse must have sold and made profits when it peaked

[Antonio Linares @alc2022]

I’ll be watching the upcoming $IREN earnings closely

I think the market is getting overtly emotional with neoclouds

[Miner Reddy @pred3500]

@alc2022 Look forward to hear your announcement on your entry position!

[The Big Degen @TheBigDegen]

WELL, WELL, WELL? $IREN is the only name on this Southwest Power Pool (SSP) chart with a contracted service agreement.
Public Service Company of Oklahoma row: “IREN service contracted” (dark green).
That’s the 1.6 GW Oklahoma campus. Grid studies done, power from 2028.
Everything else is pending or undisclosed, so while the rest of the queue waits, IREN already has the service locked.
Power + land + DCs + GPUs + cloud. 150k GPU path. Multi-GW pipeline.
(Table: @ModoEnergy 🙏)

[Miner Reddy @pred3500]

@IREN_Ltd Crucial stage

[Antonio Linares @alc2022]

$IREN is down 62% from ATHs

meanwhile, the machine keeps getting stronger:

1. AI cloud revenue grew 4x in two quarters
2. contracted ARR climbed from $2.3B → $4.0B
3. $MSFT accepted $IREN’s first liquid-cooled datacenter

the market is pricing an investment cycle like a structural decline

[Miner Reddy @pred3500]

@jiahanjimliu I am in the same boat. don’t have the time to new option trading I believe in fundamentals. That’s why I invest in shares

[Miner Reddy @pred3500]

@Umbisam Time to rotate your profits from $ibrx to the queen

[Miner Reddy @pred3500]

@amitisinvesting It’s not a concern more of an opinion stop changing the optics

[Miner Reddy @pred3500]

@athuinvests 🤣 seriously what interest rate?

[Miner Reddy @pred3500]

@xEBITDA Who’s this turd

[Miner Reddy @pred3500]

@austinhodly @IREN_Ltd @IREN_few Thank you 🙏

[Miner Reddy @pred3500]

@FransBakker9812 @osoloco22 Fran’s are suggesting the Initial 200MW could be bare metal deal for a Hyperscaler ?

[Miner Reddy @pred3500]

@SemiAnalysis_ @JeremieEO @robotknower @JordanNanos Semi baked rookie asses