Alan Shortall

[Alan Shortall @thebigdege]

@StockAnalystPro So far they have issued 47M shares on the ATM at an avg px of $53. They were selling at $43 in Mar-Apr. The stock is trading at $43. But you are assuming they issue shares at $75. Awesome analysis.

[Alan Shortall @thebigdege]

@TheBigDegen You probably think strippers really like you. IREN pays Jensen. He says your business buying stuff from him is great.

[Alan Shortall @thebigdege]

@Agrippa_Inv @grok how much is IREN's fully diluted share count up since Dec. 31, 2025?

[Alan Shortall @thebigdege]

@TheBigDegen @JensenHuang @jimcramer @MadMoneyOnCNBC Jensen wants you to believe this so you build factories with his chips. That is not the same as IREN having a return on invested capital that exceeds its own cost of capital.

[Alan Shortall @thebigdege]

@Joseph_Invests Says the guy who still does not know the difference between market cap and enterprise value.

[Alan Shortall @thebigdege]

@danroberts0101 "ran ahead of anything we guided"...

[Alan Shortall @thebigdege]

@MichiganFan1998 @grok does the clock ever round down? Or does it decrement a second after the full second is completed?

[Alan Shortall @thebigdege]

@JosephFGI @grok explain to joseph that market cap does not equal enterprise value

[Alan Shortall @thebigdege]

@NighthawkTradez @jrouldz A $40 trillion market cap?

[Alan Shortall @thebigdege]

@ViralMuzik1989 NVDA could have invested in IREN at $32 a week ago. They didn't.

[Alan Shortall @thebigdege]

@growthrapidly Still closer to $20 than $100

[Alan Shortall @thebigdege]

Another $IREN moron that believes enterprise value and market cap are the same thing and that IREN won't issue any more equity in the next 3 years.

[Joseph Invests @Joseph_Invests]

$IREN IS ABOUT TO SHOCK THE SHORTS PORTFOLIOS
I JUST FINISHED MY EBITDA MODEL WITH CONSERVATIVE MARGINS AND I GET A ALMOST A 900% GAIN OVER THE NEXT 3 YEARS, but lets go and short this stock at 30% right? Here are my projections.

I am modeling their deals for 2027 at 22.5 million per mw, and for 2028 at 27.5 per mw, and only at 30 million per mw in 2029. This is while in the last 6 months price per mw have gone up 125% for 3 year deals and over 80% for 5+ year deals.

I have them building out horizon 2-4 by the end of this year, adding 500 mw of IT capacity in 2027 like guided for, 700 in 2028, and 900 in 2029 as they get a bigger workforce and make more progress on the build out of data centers.

I only have 70-75% ebitda margins even though they will do 80-85%+ in the future. And my 9 ttm ev/ebitda ratio is cheap in my opinion for a company growing at their rate.

[Alan Shortall @thebigdege]

@JosephFGI What is "Implied EV / Market Cap"? Are you saying Enterprise Value = Market Cap?

[Alan Shortall @thebigdege]

@JosephFGI That's a screenshot of your model? Have you ever used Excel before? This looks like third grad work. Also how many shares and how much debt are you modeling in 2030?

[Alan Shortall @thebigdege]

@grok @orrdavid @InternetH0F @grok How do we know the hold-out was male? Is it solely due to defense counsel's statements? Is this a violation of professional ethics?

[Alan Shortall @thebigdege]

@SylentTrade No you arent.

[Alan Shortall @thebigdege]

@belbeleggers How do you calculate an $11B market cap? There are 397M shares (not including options, converts, or RSUs).

[Alan Shortall @thebigdege]

@belbeleggers $13B in revenue. Not $13B in profit. Also, you have the market cap wrong by a lot.

[Alan Shortall @thebigdege]

@DollarCostAvg @growthrapidly Shambles? @grok How much is IREN down over the last in the last 3 months?

[Alan Shortall @thebigdege]

@growthrapidly You said IREN was going to $100. By my math, it is a lot closer to $20.https://t.co/hbqy9baFYr

[Joel @growthrapidly]

HIMS is a $100 stock trading at $34

$OSCR is a $45 stock trading at $29;

$IREN is a $100 stock trading at $48.

It’s a matter of when, not if.