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."
大摩資源lof（NASDAQ:IREN）週四急跌，此前Culper Research發佈了一份名爲“Iris Energy Ltd (IREN)：一輛普銳斯在大獎賽上”的看空報告。
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.
報道內容：Culper Research發佈了一份看空報告，聲稱Iris Energy對空氣冷卻系統的依賴不足以滿足高性能計算（HPC）需求，而競爭對手已轉向液冷以處理現代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稱：“我們看淡比特幣礦商Iris Energy Limited，它現在將自己宣傳爲一個高性能計算數據中心。IREN成立於2018年，作爲一個比特幣礦工，但現在在2024年聲稱其設施一直爲HPC做好了準備。”
Benzinga has reached out to Iris Energy for comment.
Benzinga已就此聯繫Iris Energy進行置評。
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.
看空報告還指稱，Iris Energy在Texas州的電費成本優勢對HPC業務不可持續，而HPC業務需要高可靠性和運行時間，需要新的更昂貴的電力協議。
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進一步聲稱，Iris Energy在Childress，Texas的偏遠位置缺乏強大的基礎設施和接近主要都市區的地理位置，引發了對延遲和獲取熟練勞動力的擔憂。
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.
該報告還聲稱，Iris Energy誇大了其未開發土地和電力的價值，並歪曲了大摩資源lof的一份報告來誇大感知價值。此外，Culper聲稱Iris Energy錯過了截至期限，並因聯合創始人的內部交易而質疑了管理層的信譽。
"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稱：“IREN由聯合創始人，聯合首席執行官和兄弟Daniel Roberts和Will Roberts管理，他們似乎仍在澳洲悉尼，距公司在Texas和British Columbia的設施萬里之遙。”
IREN Price Action: Iris Energy shares were down 13.8% at $11.13 at the time of publication, according to Benzinga Pro.
IREN價格動態：根據Benzinga Pro的數據，Iris Energy的股價在發稿時下跌了13.8%，報11.13美元。
Photo via Shutterstock.
圖片來自shutterstock。