中文翻译
鉴于比特币近期价格下跌，在它们与比特币的相关性降低之前，我持负面看法。像 $NBIS 这样的新云公司是该板块更纯粹的标的。据我回忆，$CIFR 的资产负债表中有大量比特币敞口，且 $IREN 的很大一部分利润来自比特币挖矿。营收数据噪音很大，因为比特币挖矿收入与高性能计算(HPC)收入对资产负债表的影响截然不同。但随着规模扩大，这种影响应该会减弱。
· 个股论点
因比特币相关性担忧看空CIFR/IREN，看好NBIS。
英文原文
Negative until they have less correlation with Bitcoin given Bitcoin's recent price drop. Neoclouds like $NBIS are a bit more pure play to the sector. Last I recall, $CIFR balance sheet had a lot of Bitcoin exposure and a lot of $IREN's profit comes from Bitcoin mining. Revenue numbers are a lot of noise since revenue from Bitcoin mining vs HPC hits the balance sheet a lot different. But as they scale up, it should be less materially impacted.