$IREN
RejectedInvestment Thesis
Rejected. F-tier neocloud attempting GPU pivot while executing $6B ATM dilution.
Rejection Reason
$6B active ATM (over half the MC). Executives award record SBC off ATM proceeds. Community fabricated false Anthropic deal to pump stock ahead of dilution. Buying into IREN = providing exit liquidity for insiders. 'Power secured' is no longer a moat as of 2026.
From the Feed (4 signals)
How are there people still long on an F-tier Neocloud like $IREN. Amid a $6,000,000,000 dilution? When $NBIS is up there with $ORCL and $MSFT looking derisked?
$IREN and $SLNH investors are probably the most braindead communities I've interacted with on X. I've never seen a community so bullish on a $219M MC stock that has a new $1,000,000,000 dilution. And an ongoing $500,000,000 ATM. Maybe, it's a better idea to just go long on a stock without the toxic financing... So you can actually benefit from equity appreciation without just being liquidity?
$SLNH is a shtco like $BKKT, $ASST, and $IREN. That is actively diluting everyone with a $500M ATM. Not sure why anyone even listens to a guy who has consistently crashed retail portfolios over and over. I'm going to watch them raise $500M off retail bagholders that get diluted to $0. Then say 'we have $500m on our balance sheets, MC should be higher' and award themselves SBC off the ATM. They're all absolutely terrible longs.
I wasn't joking when I said $IREN community members have low IQ. Since they literally have to fabricate information get people to get others to buy into active dilution. The community shares this sort of BS to convince new retail investors, then does another one a month later for their active $6B ATM. Hint: there's no deal with Anthropic or $IREN. It's an insult to anyone who actually does OSINT/Supply Chain mapping.