Is $IREN going to announce a new deal tomorrow? $IREN announced its deal with $MSFT a few days before its previous earnings call. Naturally, a lot of investors expected the same pattern this time around. Yet here we are, the day before earnings, and nothing has been announced. Personally, I never expected new deals to be announced the same way they were last time. Given $IREN's price action following the previous earnings call, I was fairly sure management would change up their strategy. Either they announce a new deal independently of earnings, meaning in the weeks before or after the call, or they announce it on earnings day itself. Keep in mind that $CIFR, $CORZ, $WULF, $APLD, $GLXY, $CRWV, and $NBIS have all announced major deals and partnerships during earnings events. Timing deals with earnings releases seems to be the more common IR approach across this industry. We should also remember that $IREN moved its Q4 earnings date forward by several weeks, which could be a hint on its own. Generally speaking, public companies often shift earnings dates to better align with important disclosures. Under SEC rules, companies have 4 business days to disclose material information. I wouldn’t rule out the possibility that $IREN moved its earnings date forward to align with the week they might sign a new deal, similar to what other industry players have done in the past. That said, I don’t have a crystal ball, and I won’t speculate on what management may reveal tomorrow. Still, I’m confident they’ll deliver. Very much looking forward to tomorrow’s call! PS: Brutal price action today. But as long-term investors, we shouldn’t get distracted by the noise. Fundamentally, nothing has changed today...