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1
Posted on 2/5/26 at 3:32 pm to bayoubengals88
Iren earnings were absolutely horrible
Posted on 2/5/26 at 3:58 pm to Craft
quote:
Iren earnings were absolutely horrible
Posted on 2/5/26 at 4:00 pm to Craft
It's comical that NBIS gets lumped in with IREN.
If I only had money, I would be loading the truck at $64-65.
Looks like the gap will indeed fill.
Folks, nothing here surprises me.
You'll be glad you bought in the 60s once everything blows over.
Macro speaking, what is going on though? I haven't been paying attention.
If I only had money, I would be loading the truck at $64-65.
Looks like the gap will indeed fill.
Folks, nothing here surprises me.
You'll be glad you bought in the 60s once everything blows over.
Macro speaking, what is going on though? I haven't been paying attention.
Posted on 2/5/26 at 4:08 pm to bayoubengals88
quote:
Macro speaking, what is going on though? I haven't been paying attention.
Crypto liquidity is putting pressure on the overall market IMO and the high beta names are first out. No telling how many people are getting margin called.
Also we were stuck in a sideways churn around 6800-7000 on the SP and 25-26 on the Nasdaq so it needs a down cycle to refresh for the next leg up.
Zoom out on the daily charts and you’ll see we haven’t touched the 200 SMA on the Nasdaq since May, this was coming at some point and here it is. On the futures charts we are showing 125 points to go until we tap the 200 SMA so don’t be surprised if we get a dead cat bounce before we consolidate somewhere below for the next leg higher. The uptrend is still extremely strong for all the higher time frame charts so I’m not overly worried yet
This post was edited on 2/5/26 at 4:10 pm
Posted on 2/5/26 at 4:17 pm to Craft
quote:
Iren earnings were absolutely horrible
Havent had a chance to listen yet - what was horrible? The legacy business is completely irrelevant (never understood why some were excited last quarter with it). The actually operating business if you buy in has really just started like this quarter and even then it is token.
Posted on 2/5/26 at 4:35 pm to igoringa
The numbers. they missed by like 600% or some shite. I immediately deleted my apps.
Posted on 2/5/26 at 4:39 pm to igoringa
quote:
Havent had a chance to listen yet - what was horrible? The legacy business is completely irrelevant (never understood why some were excited last quarter with it). The actually operating business if you buy in has really just started like this quarter and even then it is token.
A few analysts criticized their big deal with Microsoft and don't think it’ll be that profitable with all the capex on the front and backend. Now they are reporting much higher than expected losses despite growing revenues so that has to get investors a little antsy at a minimum
Posted on 2/5/26 at 6:43 pm to FredsGotSlacks
So if you do not like the msft deal that is fair enough but doesnt make sense to be a today issue. 'earnings' is irrelevant - it is all bitcoin that is effectively a disco op - least important thing about the Company.
Simply put with Iren:
1) If you hate the MSFT deal then run as fast as you can because that is the blueprint - I can understand if people choose that. Otherwise today:
2) They added 50% of their power under contract (1.6 GW) - that is rather incredible
3) If you believe them, they will have $3.4 billion in ARR by the end of the year utilizing 460 MW or about 10% of their capacity.
4) They were able to finance 95% of MSFT GPUs with the MSFT prepayment and debt under 6%
5) they have $2.6 billion in the bank
That is my investment thesis for them. On a side note, and to show how disjointed the markets are right now. CIFR just raised $ 2billion at 6.125%. They received $13 billion in subscription requests for the $2 billion. The talk of debt fears seems to be playing in the equity market but sure is not playing in the debt market.
Simply put with Iren:
1) If you hate the MSFT deal then run as fast as you can because that is the blueprint - I can understand if people choose that. Otherwise today:
2) They added 50% of their power under contract (1.6 GW) - that is rather incredible
3) If you believe them, they will have $3.4 billion in ARR by the end of the year utilizing 460 MW or about 10% of their capacity.
4) They were able to finance 95% of MSFT GPUs with the MSFT prepayment and debt under 6%
5) they have $2.6 billion in the bank
That is my investment thesis for them. On a side note, and to show how disjointed the markets are right now. CIFR just raised $ 2billion at 6.125%. They received $13 billion in subscription requests for the $2 billion. The talk of debt fears seems to be playing in the equity market but sure is not playing in the debt market.
Posted on 2/5/26 at 7:01 pm to igoringa
quote:
So if you do not like the msft deal that is fair enough but doesnt make sense to be a today issue. 'earnings' is irrelevant - it is all bitcoin that is effectively a disco op - least important thing about the Company.
I don’t know enough about the MSFT deal, that’s just what I’ve read from a few “analysts”. I do think their bitcoin exposure is absolutely crushing them. They were by far the largest holding in the WGMI etf (25 percent allocation) which is obviously seeing some pretty big outflows right now
Posted on 2/6/26 at 8:13 am to FredsGotSlacks
quote:
I don’t know enough about the MSFT deal, that’s just what I’ve read from a few “analysts”. I do think their bitcoin exposure is absolutely crushing them. They were by far the largest holding in the WGMI etf (25 percent allocation) which is obviously seeing some pretty big outflows right now
People are definitely split on the MSFT deal. I like it but I am a biased long.
The decoupling with BTC cannot happen soon enough - The bitcoin business is all but a discontinued operatoin (or atleast will be this year) - you are investing on the future business
Posted on 2/6/26 at 9:11 am to igoringa
Some people got so scared after hours yesterday.
NBIS got taken down to $68!!
Dead cat bounce or capitulation yesterday.
The million dollar question....
NBIS got taken down to $68!!
Dead cat bounce or capitulation yesterday.
The million dollar question....
Posted on 2/6/26 at 9:14 am to bayoubengals88
Bayou, are we dead? 
Posted on 2/6/26 at 9:19 am to donRANDOMnumbers
I ain't worried about the price today. I'm more worried about the price after Q1 earnings come out in May.
If NBIS hasn't taken off by then, I may sell some of my position. I'm guessing it will be in the $150/shr range, though.
As they always say, don't invest in the mining company. Invest in the company that makes the shovels and picks. NBIS is a shovel/pick manufacturer.
If NBIS hasn't taken off by then, I may sell some of my position. I'm guessing it will be in the $150/shr range, though.
As they always say, don't invest in the mining company. Invest in the company that makes the shovels and picks. NBIS is a shovel/pick manufacturer.
Posted on 2/6/26 at 9:25 am to Jax-Tiger
I just bought a little more to try and salvage my DCA. My first buy was at $113.
Posted on 2/6/26 at 9:29 am to Jax-Tiger
Iren is down 1 percent today and NBIS is up 8 percent, finally decoupling. $68 was the price before they announced the MSFT deal, just ridiculous price action yesterday after Iren earnings. If we get a good report and decent market momentum this thing will go to $120-130 very fast and I’ve been very bearish recently. I wish I had the balls that some of you guys do to go in bigger but I’m still cautious here
Posted on 2/6/26 at 9:51 am to FredsGotSlacks
quote:
Iren is down 1 percent today
It's up 3 1/2 % now.....
Posted on 2/6/26 at 10:04 am to Cajun75
quote:
It's up 3 1/2 % now.....
NBIS up 12. My point is I hope we are detaching from IREN and the upcoming earnings furthers the separation
Posted on 2/6/26 at 10:32 am to FredsGotSlacks
quote:
My point is I hope we are detaching from IREN and the upcoming earnings furthers the separation
We need to detach from CRWV, after that. IREN is still a hybrid company with bitcoin mining roots. The difference between CRWV and NBIS is more nuanced - but NBIS takes a hit everytime it comes up that CRWV is dependent on nVidia investments, has way to much debt, or is over reliant on a couple of hyperscaler clients.
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