5H·

800€ IREN topped up 🚀

I added another €800 today $IREN (+1,17%) more today. The sell-off was more of an opportunity for me than a reason to panic. I now hold 44 shares. The target is still 50 shares.

The drop today had little to do with the actual situation of the company. It looks very much like a large seller was forced to reduce positions. The volume was more than twice as high as normal, and yet the price held above $40 in the end. So someone with a lot of capital sucked up everything that was thrown on the market.

To me, the whole thing looks more like a technical effect that has now run its course. When it calms down, things should settle down again. I expect that we will see the upper 40s again relatively quickly, and when the big partnerships become official, we could see another spike.

In any case, I'm sticking with it and will probably add more shares in the next few days to fill up my 50 shares

02.12

IRE

Iris Energy

Comprado x8,369 em € 35,87

€ 300,21

7 Comentários

Michey777@Michey777

Well, the drop was mainly due to the general sell-off in combination with the convertible bonds (my opinion). Even $CIFR got hit on the head and all this despite bitcoin rising by +5%. Personally, I'll wait and see. I think we will still see the $40. In any case, I will also fill my position to 1000 units between 30-35 euros. However, it should be noted that $IREN is performing significantly worse than others in the segment.

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Wiktor_06@Wiktor_06

@Michey777 Yes, it may well be that the sell-off was a mixture of the overall market and these convertible debt issues. $CIFR has really held up better, I agree.
The advantage I see with IREN is that the new notes will give them a bit more financial breathing space. That could pay off later, but it clearly didn't look particularly strong in the short term.

I really don't know whether we'll see 40 again. It could happen, but I didn't want to risk being left behind in the end, which is why I've now topped up. In the end, everyone has their own strategy.
I'll fill my 50 for now and then see how it goes. 👍

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Michey777@Michey777

@Wiktor_06 I just want to point out that even this 1 billion in new convertible bonds is not enough to finance the Microsoft contract. So they're not buying themselves air, they need the money for the equipment. But until they are fully equipped, they will still need money, which they will have to raise either through a 10% equity issue, another convertible bond or a capital increase.

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Tim@Tim_zlr

@Wiktor_06 A classic case of FOMO in my eyes. Always dangerous in the capital market.

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Wiktor_06@Wiktor_06

45min

@Tim_zlr We will see in the next 3-4 years🫡

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Tim@Tim_zlr

21min

@Wiktor_06 I don't want anything bad for you at all, of course I hope that Iren will continue to perform well, it can just end badly

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Wiktor_06@Wiktor_06

18min

@Tim_zlr You're absolutely right 🚀

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