· 个股论点
正如我之前说的，$IREN 跟 $NBIS 比起来基本就是垃圾。 $NVDA 还没给 $IREN 融资。 所以 IREN 只能想办法通过 60 亿美元 ATM 和其他方式买足 GPU，把 5GW 产能变现。 这本质上就是一台无限稀释机，只是因为它拿到了电力。 我叫 $IREN 持有人 0 IQ，是因为他们只是为了拿到稀释而买入，却不理解融资结构的细节。 Nvidia 确实给了 $NBIS 资金。 而 IREN 只是拿到了一个允许它用 logo 的无风险采购协议。 $IREN 现在基本就是一家营销公司，而其他 Neocloud 才是真正让股权升值的公司。
As I said before $IREN is basically dogsht compared to $NBIS. $NVDA didn’t give $IREN funding yet. So IREN needs to figure out how to buy enough GPUs to monetize 5GW capacity through their 6B ATM and other means. It’s an endless dilution machine just because they secured power. I call $IREN holders 0 IQ because they just buy in it to get diluted without understanding nuances of financing. Nvidia actually gave $NBIS funds. While Nvidia got a free no-risk purchase agreement for allowing $IREN to use their logo. $IREN is basically a marketing company at this point, while the other Neoclouds actually allow equity appreciation.