Replies to post #258 on Iris Energy Ltd (IREN)

[Whalatane]

Yep. sell off today may be related to a Barrons article which I think questions the depreciation schedule for the GPU's.
Can't link article but I think it takes Jim Chanos's line that all the GPU's that IREN is buying will have to be replaced in 3 yrs .
IREN says there is residual value after 3 yrs . Not all compute needs state of the art GPU's .
Etc

Kiwi