After I had sold 2/3 of my $IREN (+5,39%) position at just under EUR 57, I have now added just under 200 again. This is just under 50% of the ATH correction, which is a good level. I would add another tranche at EUR 30 (if it goes as far as that). The biggest risk is certainly the financing issue, as bitcoin has corrected considerably. And you can't issue convertible bonds indefinitely (and not in this market environment). But I'm betting
on the fact that $MSFT (+0,27%) would increase its upfront payment somewhat in an extreme emergency or that a security issue would be possible (see $AMZN (+1,91%) and $META (+0,7%) )
How do you see the execution risk? I think the financing issue is probably the biggest problem.