Riot Platforms Offers Asymmetric Upside Potential At Full Capacity [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
1 Comment Made Easy - Finance 2.12K Follower s Follow Play 10min Summary RIOT's current valuation is likely to attract significant attention as the sector's valuation is undergoing mean reversion which presents a potential 2x upside. The pessimism surrounding RIOT could derived from its underperformance in operating cost efficiency; if this is true, the prospect of RIOT operating at full capacity will positively change its outlook. RIOT's acquisition of BITF makes sense as BITF helps RIOT diversify its operations away from curtailment-prone Texas, but limited benefits can be derived due to BITF's scale and % ownership. We think that the likelihood of RIOT operating at full capacity is low given it is systematic to Texas, putting our thesis into question: Will RIOT ever operate at full capacity? mikkelwilliam/E+ via Getty Images Introduction At the time of writing, RIOT's valuation is likely attracting significant attention. Not only is it trading below book
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IREN
News
- IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENPR Newswire
- IREN achieves 20 EH/s milestoneGlobeNewswire
- IRIS ENERGY LIMITED ANNOUNCEMENT: If You Have Suffered Losses in Iris Energy Limited (NASDAQ: IREN), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Iris Energy Limited Investors to Inquire About Securities Class Action Investigation - IRENPR Newswire
IREN
Sec Filings
- 9/23/24 - Form 6-K
- 9/17/24 - Form 144
- 9/16/24 - Form 6-K
- IREN's page on the SEC website