🚨 Bitcoin miner IREN granted $𝟳𝟬𝟬𝗠 in RSUs to its two co-CEOs — about 5% of outstanding shares — while posting a $𝟭𝟱𝟱𝗠 𝗻𝗲𝘁 𝗹𝗼𝘀𝘀 on $184.7M revenue last quarter. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A 5% dilution to insiders at a money-losing miner is unusually aggressive. It highlights that governance and dilution risk can erode mining-equity returns even when BTC moves favorably — traders should weigh management quality alongside hash rate and energy costs when positioning in mining stocks. The six-year vesting lock and freeze on additional grants until FY2031 partially mitigates, but the sheer size of this grant at a company still burning cash raises real capital-allocation questions for the broader mining sector. SEC 8-K filing: https://www.sec.gov/Archives/edgar/data/1878848/000114036126027202/ef20077190_8k.htm Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1178(Hupzy (Spot On Chain))