NBIS superior structure vs CRWV/IREN due to sum-of-parts value
CRWV burdened by debt; IREN diluted by ATMs; NBIS has clean balance sheet + subsidiary value (Avride, ClickHouse)
@BKCY314 Financing structure is much different, $CRWV is getting eaten alive by debt interest. $IREN has little equity appreciation from excessive ATMs. $NBIS is just right, and have sum of parts from its subsidiaries from Avride + ownership of Clickhouse https://t.co/FkGn0XWrdV
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -5.5% | -5.9% |
| 1 week | -21.3% | -17.5% |
| 1 month | -32.9% | -32.5% |
| 3 months | — | — |
| 6 months | — | — |