Iris Energy - Undervalued with a Growth Strategy

29 Des 2023

Iris doesn't provide monthly updates so we'll have to track their growth over a quarterly basis. Here are some of the Key Highlights from the most recent update :

1.6 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH)
114/TH purchase price ($22.3 million)1
Fulfills the Company's goal of expanding self-mining capacity to 10 EH/s:
Current: 5.6 EH/s operating
Shipping Q1 2024: 1.4 EH/s Bitmain S21 miners
Shipping Q1 2024: 1.3 EH/s Bitmain T21 miners
Shipping Q2 2024: 1.6 EH/s Bitmain T21 miners
80MW expansion at Childress is on track, supporting the increase in operating hashrate from 5.6 EH/s to 10 EH/s
Improved overall fleet efficiency from 29.5 J/TH to 24.8 J/TH
Iris Energy is acquiring 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited for a purchase price of 114/TH ($22.3 million, payable in progressive instalments). Shipping is scheduled for Q2 2024.

Iris Energy has no debt, plans to grow to 30 exahash, no HODL strategy (100% of Bitcoin mined is sold) and are also pursuing an AI strategy in 2024. I'll be interested in adding more shares if we can get back to the 5-6 area.

29 Des 2023

Catatan

30 Des 2023

Catatan

One correction to my post. Iris only provides semi annual updates. Not quarterlies or monthlies. Apologies

4 Jan

Catatan

Dip buys started Algo target will drive this up.

11 Jan

Catatan

618 may be a bit of hopium. I am accumulating any time we make attempts in the 5s

16 Jan

Catatan

Purchase agreement in place for IRIS Energy.

Key takeaways :Immediate focus on completing current expansion to 10 EH/s
10 EH/s of new Bitmain T21 miners secured for 2024 at a fixed price of 114/TH1:
1 EH/s additional purchase to initiate growth beyond 10 EH/s
9 EH/s of miner purchase options exercisable in H2 2024
Childress project can support expansion to 20 EH/s by end of the year

25 Jan

Catatan

Testing the lower bound now. Went a bit deeper than I would like. Was hoping for similar price action to MARA and CLSK. Not concerned. Added some shares yesterday

29 Jan

Catatan

Lots of business at this level. Quite a big range of accumulation

1 Feb

Catatan

This section on Bitcoin miners made me think about Iris Energy's approach to the 100% sell strategy. I do feel this is getting beaten down for no particular reason other than that. The company has practically zero debt, good uptime, cost to mine and a clear path to get to 20 exashash, with further growth to 30 announced last year. youtu.be/z5lZVJBTX2A?si=a2mACNZEqS-HUgkx&t=1515

2 Feb

Catatan

Notice the pivots I am using for the .50
Lots of algo activity and current price is behaving inorganically.

8 Feb

Catatan

Signs of life finally!. Modified schiff to adjust for time

9 Feb

Catatan

Earnings coming soon. I would not be surprised to see this trading at 12 dollars js.

12 Feb

Catatan

Heavily manipulated! 🍿

15 Feb

Catatan

887 tapped. Bears Cooked

16 Feb

Catatan

Pretty decent wick on the weekly. Sub 6 inbound

16 Feb

Catatan

If this stays elevated, I will wait for adds later. Not enough of a pullback for me on IREN

28 Feb

Catatan

Sub 6s by tomorrow? Looking for discounts on IREN and CLSK first. Especially cause IREN and the sideways

29 Feb

Catatan

Bids Here ✌️

20 Mar

Catatan

Haven't updated my IREN but we still here! How to read this chart? The downward fork median will be support. When price action is super choppy like IREN's macro, resort to geometry. Look for median line failures. Helpful tip

1 Apr

Catatan

Two 786's for IREN. Doesn't surprise me with with this horrible macro price action. IREN updated their growth plans and now all of a sudden its being valued properly? meh, I dont every try to associate a news story with price action. Here are they key updates!

IREN reported that its 2024 expansion is now fully funded with $301 million in cash and no debt. The company said it will have 460 MW of data center capacity and 20 EH/s of Bitcoin mining capacity in 2024, with 8 EH/s currently operating and 12 EH/s additional capacity to be progressively shipped and installed over the next nine months.
The company expects its 20 EH/s of Bitcoin mining capacity to generate approximately $269 million of annualized hardware profit (post-halving).
Cantor Fitzgerald analyst Josh Siegler reiterated Iris Energy with an Overweight and maintained a $10 price target on the stock Monday.

23 Apr

Catatan

Floor price 3.94

6 Mei

Catatan

Inside Forks work very well for sideways trending markets Daily Chart

12 Mei

Catatan

Apr 23
Comment:
Floor price 3.94

17 Mei

Catatan

IREN, 2D. Got a fork developing. All hands on deck!

19 Mei

Catatan

Happy with 5s as my average. Bulls now building strong base mid 4s. Resistance at upper median 7s

😎✌️

23 Mei

Catatan

Beautiful mid 7s resistance. Daily

30 Mei

Catatan

IREN update, 3W. Thank you Mr Roberts for the information. Have a nice day. 🙂

6 Jun

Catatan

🤔

6 Jun

Catatan

2W update

9 Jun

Catatan

1W update

13 Jun

Catatan

IREN 1W

14 Jun

Catatan

IREN 5D
Not seeing any good dips for a while. I will be focusing on other miners. Cheers everyone. Ciao 👋

28 Jun

Catatan

IREN, D. Levels

28 Jun

Catatan

5D

8 Jul

Catatan

Always TP

14 Jul

Trading ditutup secara manual

Closing Charts. Trump

19 Jul

Catatan

IREN W

3 Agu

Trade aktif

11 Agu

Order dibatalkan

Non-compliance