· 业绩复盘
$IREN 年内 -7.9% 是有原因的。 而 $NBIS 年内 +61.1% 也是有原因的。 买进一个 60 亿美元 ATM 的幻想程度真是离谱。 即便到了现在，IREN 的 AMC 被套者还是不肯承认自己错了吗？ 市场是最强的真理裁判，而 Nebius 和 Iren 之间巨大的业绩差异已经说明了一切。 我之前就说过，$IREN 的市值还会继续上升，但持股人的股权价值会下降。 这就是 ATM 的运作方式。过度 ATM 对现有股东不是增厚，而是稀释。 最好先让所有现有套牢者被洗掉，然后等 ATM 结束之后再去做多。
There's a reason $IREN is down -7.9% YTD. While $NBIS is up 61.1% YTD. The amount of delusion buying into a $6,000,000,000 ATM is unreal. Even after this, IREN AMC bagholders still can't admit they're wrong? Markets are the biggest arbiter of truth, and massive performance difference between Nebius and Iren is telling. As I said before, the marketcap for $IREN will keep going up, but people's share values will decrease. That's how ATMs work. Excessive ATMs are not accretive to current shareholders. It's better to let all existing bagholders get wiped out first, then go long after the ATM is finished.