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Open original source ↗To give you an idea of how silly the sell-side research/targets are for the Bitcoin miners-now-DC companies are, take a look here. $IREN is going to buy billions of $ of GPU’s in the next two years, but annualized D&A expense is only going to increase $300M f/2H 2025 to 2H 2027?! https://t.co/em1aAgy2Z3