Iris Energy Shares Plunge On Short Report From Culper Research: What You Need To Know
Iris Energy Shares Plunge On Short Report From Culper Research: What You Need To Know
Iris Energy Limited (NASDAQ:IREN) shares fell sharply on Thursday after Culper Research released a short report titled "Iris Energy Ltd (IREN): A Prius at the Grand Prix."
大摩资源lof（NASDAQ:IREN）周四急跌，此前Culper Research发布了一份名为“Iris Energy Ltd (IREN)：一辆普锐斯在大奖赛上”的看空报告。
What Happened: Culper Research issued a bearish report claiming that Iris Energy's reliance on air cooling systems is inadequate for high-performance computing (HPC) needs, as competitors have shifted to liquid cooling to handle modern GPUs' higher power densities.
报道内容：Culper Research发布了一份看空报告，声称Iris Energy对空气冷却系统的依赖不足以满足高性能计算（HPC）需求，而竞争对手已转向液冷以处理现代GPU更高的功率密度。
"We are short Iris Energy Limited, a bitcoin miner that now promotes itself as a high performance computing data center play. IREN was founded in 2018 as a bitcoin miner, but now in 2024 claims its facilities have always been primed for HPC," Culper Research said in the report.
Culper Research称：“我们看淡比特币矿商Iris Energy Limited，它现在将自己宣传为一个高性能计算数据中心。IREN成立于2018年，作为一个比特币矿工，但现在在2024年声称其设施一直为HPC做好了准备。”
Benzinga has reached out to Iris Energy for comment.
Benzinga已就此联系Iris Energy进行置评。
The short report also alleges that Iris Energy's power cost advantages in Texas are unsustainable for HPC operations, which require high reliability and uptime, necessitating new, more expensive power agreements.
看空报告还指称，Iris Energy在Texas州的电费成本优势对HPC业务不可持续，而HPC业务需要高可靠性和运行时间，需要新的更昂贵的电力协议。
Culper Research further claims that the remote location of Iris Energy's Childress, Texas facility, which it says lacks robust infrastructure and proximity to major metro areas, raises concerns about latency and access to skilled labor.
Culper Research进一步声称，Iris Energy在Childress，Texas的偏远位置缺乏强大的基础设施和接近主要都市区的地理位置，引发了对延迟和获取熟练劳动力的担忧。
The report also alleges that Iris Energy overstated the value of its undeveloped land and power, misrepresenting a Morgan Stanley report's context to inflate perceived value. Additionally, Culper claims Iris Energy's history of missed deadlines and insider sales by co-founders brings management's credibility into question.
该报告还声称，Iris Energy夸大了其未开发土地和电力的价值，并歪曲了大摩资源lof的一份报告来夸大感知价值。此外，Culper声称Iris Energy错过了截至期限，并因联合创始人的内部交易而质疑了管理层的信誉。
"IREN is run by Co-Founders, Co-CEOs, and brothers, Daniel Roberts and Will Roberts, who appear to remain in Sydney, Australia, thousands of miles from the Company's facilities in Texas and British Columbia," Culper Research said.
Culper Research称：“IREN由联合创始人，联合首席执行官和兄弟Daniel Roberts和Will Roberts管理，他们似乎仍在澳洲悉尼，距公司在Texas和British Columbia的设施万里之遥。”
IREN Price Action: Iris Energy shares were down 13.8% at $11.13 at the time of publication, according to Benzinga Pro.
IREN价格动态：根据Benzinga Pro的数据，Iris Energy的股价在发稿时下跌了13.8%，报11.13美元。
Photo via Shutterstock.
图片来自shutterstock。