The analyst expresses a cautiously bullish view on IREN after its Mirantis acquisition and capacity, but notes concerns about financing structures.
Potential from Mirantis acquisition and capacity, tempered by concerns about ATM usage and excessive SBCs affecting financing structures.
@mazo7846 I actually think $IREN has potential after their Mirantis acquisition + capacity they have. It’s just the way they do things with ATMs and excessive SBCs makes it hard to be bullish on just from financing structures.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +13.1% | +12.2% |
| 1 week | +7.5% | +6.5% |
| 1 month | — | — |
| 3 months | — | — |
| 6 months | — | — |