· 个股论点
涉及标的： $IREN
当有人说“他讨厌x”或“他有偏见”时，你没有任何理由去反驳他的观点。我不确定很多 $IREN 社区成员是去攻击个人而不是数据，但这无助于解决问题。 回到主题，你说得对，原帖确实遗漏了 $IREN 200兆瓦数据中心（数据中心）的残值，其使用寿命通常长于5年。因此，这低估了内部收益率(IRR)。 但该表格在隔离合同经济学（而非企业价值EV）方面在数学上是正确的，所以你们争论的是两回事。 现实介于你的帖子和他们的帖子之间： -> 无杠杆内部收益率(IRR) ~10.2% -> 可能的IRR案例 <20% (14%-18%) -> 22-28% 是激进情况，且一切顺利（伴随显著的数据中心终端实现和融资）
You have no argument when you say his point is wrong because "He hates x" or "He is biased". I'm not sure a lot of $IREN community members go after a person themself instead of the data but it's not productive. Going back to the topic, you're right that the original post is missing residual value for $IREN's 200 MW datacenter, which usually has longer life than 5Y. So it understates IRR. But the table is mathematically correct for isolating contract economics, not EV, so you're arguing two different things. Reality lies in between your post and theirs: -> Unlevered IRR ~10.2% -> Likely IRR case <20% (14%-18%) -> 22-28% aggressive and everything goes right (with significant terminal datacenter realization and financing)