CANTOR’S REPORT HIKING ITS PRICE TARGET FOR $IREN TODAY ACTUALLY UNDERSCORES THE PROBLEM WITH ITS BUSINESS MODEL. THEY HAVE AVERAGE CAPITAL EMPLOYED IN FY 2027 OF OVER $10B, WITH ADJUSTED EBITDA REACH

CANTOR’S REPORT HIKING ITS PRICE TARGET FOR $IREN TODAY ACTUALLY UNDERSCORES THE PROBLEM WITH ITS BUSINESS MODEL. THEY HAVE AVERAGE CAPITAL EMPLOYED IN FY 2027 OF OVER $10B, WITH ADJUSTED EBITDA REACHING $2B. USING 10-YR LIFE(!)FOR ITS GPU’S/DC’S GETS YOU TO A 10% ROIC. 16% WACC. HTTPS://T.CO/NAFD9AWESW — VIA @REALJIMCHANOS

Cantor's $IREN price target hike highlights $10B capital vs $2B EBITDA, 10% ROIC below 16% WACC.