Aug. 6 at 6:15 PM
$IOND IOND is an unusual case for a new listing.. closest comparison would be Core Scientific listing on Nasdaq as CORZ post bankruptcy.
What this suggests for IOND, with real caveats:
The bankruptcy-miner-to-AI-infrastructure pivot has been a genuinely rewarding trade when the pivot is credible and backed by real signed contracts (Core Scientific's CoreWeave deal, IOND's Nscale deal)
But CORZ's rally took roughly 18-24 months to fully materialize and was volatile throughout, including a sizable net loss along the way — it wasn't a smooth, fast payoff