I see a lot of people talking about IREN here, and I want to share you my DD Nonstop shareholder dilution. Share count is up about 42% in a year, to 394 million, and the $6 billion ATM is still running. On top of that, a $700 million stock grant to the two brothers who run the company, roughly 5% of shares outstanding. Four-year time vest, no performance conditions. The board's own explanation is the part that gets me: they went time-based because the previous performance hurdles were "clea
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