To The Moon

Are market commentators really stupid, lazy or a combination of both?

I ask this question because there have been a large number of commentaries on bitcoin in the Last few days considering whether bitcoin is heading south or north. But many commentators have lumped $IREN Ltd(IREN)$ (iris energy) Into this debate because it's a bit coin miner right? WRONG!

So I asked Ai a simple question. How is $IREN Ltd(IREN)$ going in its strategic shift from a bitcoin miner into a Ai compute provider. The results are provided in the pic below. 

so in less than 30 seconds it's clear, at least according to google, that Iren is not a bitcoin miner going forward. its actually well down the track to convert all bitcoin mining into Ai compute, and has the lucrative contracts to prove it. 

But it's not just about Ai compute. The company has purchased cheap land close to cheap power sources that it also owns, or has cheap long power supply agreements. Plus it owns the buildings on its land, and is building more to house more gpu's.

The the way I look at Irens past strategy, I'd argue it was never really a bitcoin play. They never held bitcoin, they sold it as the mined it to fund the purchase of land, buildings and power infrastructure. 

I am constantly disappointed, even discussed, by the large amount of opions i have to wade through that lack research and factual intel. I mite call myself the emotional investor, but trust me. It's a play on words. I am an intelligent investor first. But I realized many people buy or sell based on total rubbish opinions. So at the moment Iren is down because of an emotional market response based on reading nonsense commentary. A clear incongruity Between reality and perception. So Iren is a buy for me.

But... don't just swallow my discourse, do your own due diligence and draw you own conclusions. 

As always, happy trading my fellow tigers :)

@TigerTrade @TigerWire @MojoStellar @MillionaireTiger @Tiger_SG@SPACE ROCKET @Tiger cub