$IREN Ltd (IREN.US)$
$IREN's $6b ATM…
I think most people are drawing the wrong conclusions from this development.
Don’t get me wrong; a $6b ATM looks ridiculous relative to $IREN;s current market cap of ~$13.5b. If they tapped the entire amount at today’s levels, the share count could increase by >40%.
But that’s a big “IF”, and most people are treating it like a certainty.
Let’s think about it. Why would $IREN need to tap this ATM today? They’re fully funded for the $MSFT deal, having raise...
$IREN's $6b ATM…
I think most people are drawing the wrong conclusions from this development.
Don’t get me wrong; a $6b ATM looks ridiculous relative to $IREN;s current market cap of ~$13.5b. If they tapped the entire amount at today’s levels, the share count could increase by >40%.
But that’s a big “IF”, and most people are treating it like a certainty.
Let’s think about it. Why would $IREN need to tap this ATM today? They’re fully funded for the $MSFT deal, having raise...
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$IREN Ltd (IREN.US)$ JPMorgan just went ALL IN on $IREN.
They added 688,024 shares. A 102.67% increase.
Now holding 1,358,173 shares total.
Let me make this crystal clear:
JPMorgan doesn’t accumulate like this on a whim.
They bought ABOVE $40 after the 2025 run-up. Not the bottom. Not a dip.
They’re buying at current prices because they’ve done the math on what’s coming.
Here’s what’s happening behind the scenes:
The Smart Money is Piling In:
• Goldman Sa...
They added 688,024 shares. A 102.67% increase.
Now holding 1,358,173 shares total.
Let me make this crystal clear:
JPMorgan doesn’t accumulate like this on a whim.
They bought ABOVE $40 after the 2025 run-up. Not the bottom. Not a dip.
They’re buying at current prices because they’ve done the math on what’s coming.
Here’s what’s happening behind the scenes:
The Smart Money is Piling In:
• Goldman Sa...
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