
Ellis Wyatt
@Wyatts_Torch
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Father/husband/objectivist/tinkerer/investor, fisherman. Tweets not fin'l advice.
Northeast US
Joined November 2011
To complete the string, this was filed that Riot was going to sell 90,110,912 shares on May 27th...look at what happened to the shares below that based on the way they handled themselves. Terrible stewardship and price-indifference. $RIOT $BITF
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Just look at what happened when $RIOT started to purge... and it lasted until $BITF announced its buyback in July. In the meantime, peers were up substantially post $CRWV IPO and Bitfarms was crushed.
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Can you imagine being the amateur trader for $RIOT where you lost an extraordinary amount on the way in, and then traded so badly, sloppily on the way out that you lose another $30-40mm by selling so aggressively that you damaged shares of $BITF, but when you are done, they go up
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Anybody here see the difference between insider buying and $750mm market cap $BITF trading at 3x and no ATM use YTD and $8B market cap $IREN trading at 40x using as much ATM as possible?
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Bitfarms $BITF acting like $RIOT on the verge of cleaning up. Riot has sold 90mm shares at 10-20% of volume for three months while peers have gone up significantly. Catch up trade to $2-2.25/sh is my best guess even before a deal is announced.
I think this cleans out $RIOT selling of $BITF, too, today - They had 25mm shares left August 18th, if they were 10% of volume they should be done today. Seems like they have been selling in a damaging way so cleanup trade incoming imminently.
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If you don't think $IREN is plugging you real-time with the ATM shares, you are dead wrong. New ATM filing incoming as they pour more shares down your throats. Drink their milkshake - they have a lot more of it to fill up your bags coming. Glug, glug, glug.
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I think this cleans out $RIOT selling of $BITF, too, today - They had 25mm shares left August 18th, if they were 10% of volume they should be done today. Seems like they have been selling in a damaging way so cleanup trade incoming imminently.
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If ya'll think they are headed to Texas or BC next, you are not reading the situation right. This is what is happening--look at this map. If you can't see this you are not thinking clearly. Look at the proximity of sites on this map: Vineland, New Jersey $NBIS $MSFT
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Pretty cool $NBIS deal in NEW JERSEY but note its proximity to the $GOOGL deal with $WULF in New York at Lake Mariner and it is NOWHERE near Texas or BC or Oklahoma. Why? Proximity to population, fiber to Europe, mid-Atlantic DC corridor, etc. This is actually negative for the
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Then - see @FransBakker9812 tweet from Saturday, which got the cult bulled up all weekend, and Now - What actually - August ops update with lots of curtailment, revenue down month-over-month and costs up, no GPU update, and oh my, an abrupt CFO departure. Note: Hyperscalers
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Wow, moar red flags. Sudden departure of $IREN CFO and the capital markets person who has been there for a month steps in… “Belinda Nucifora, the former Chief Financial Officer of the Company ceased employment with the Company, effective as of September 8, 2025. Ms. Nucifora
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Watching the amount of time and energy the pump cult invests over each weekend to recruit new cult members and convince each other of stuff that is fantasy is simply incredible. I have seen a number of bubbles in my career and this has to be up there in term of cult mania. They
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You can just see the ATM printing presses working at $IREN and $CIFR. @mikealfred pumps, those companies mint new shares. Rinse, repeat. Worked very poorly for $CLSK shareholders at $20 when he was pumping there. Eventually the printing press overwhelms the ability of retail
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Whats the over-under on how much of the ATM $IREN did on the back of its pump last week with its purposely confusing "Illustrative Revenue" from its uncontracted GPUs its buying with leverage on spec? I'll give it until the end of next week when they refresh the ATM with
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