Goldman Sachs Initiates Iren (IREN) With Neutral Rating, Cites AI Growth and High Valuation [Yahoo! Finance]
Iris Energy Limited (IREN)
Company Research
Source: Yahoo! Finance
The firm sees Iren as a primary beneficiary of the AI infrastructure boom, forecasting a 7x revenue increase by 2028. While the company's massive deal to provide GPU capacity to Microsoft provides a clear near-term catalyst, Goldman Sachs warned that the stock is already trading at a premium. The firm remains on the sidelines due to a full valuation. The centerpiece of Iren's growth strategy is a landmark $9.7 billion AI cloud contract with Microsoft. Under the five-year agreement, Iren will provide Microsoft with access to 200MW of critical IT load powered by NVIDIA's latest GB300 GPUs. This single contract is expected to contribute $1.94 billion in annual recurring revenue at an estimated 85% project EBITDA margin. To support this, Iren is accelerating construction of its Horizon 1–4 liquid-cooled data centers at the Childress, Texas site, which are engineered to Tier 3 standards and capable of supporting extreme rack densities of 130kW to 200kW. In FQ1 2026, Iren reported reven
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IREN
News
- HIVE Digital Technologies Ltd. (HIVE): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- IRE: IREN's Growth Outlook May Provide For An Appealing Trade Strategy [Seeking Alpha]Seeking Alpha
- IREN: Cheap Valuation Means I Am Doubling Down [Seeking Alpha]Seeking Alpha
- IREN (NASDAQ:IREN) was upgraded by analysts at HC Wainwright from a "sell" rating to a "buy" rating. They now have a $80.00 price target on the stock.MarketBeat
- Why IREN Limited Skyrocketed 285% in 2025 [Yahoo! Finance]Yahoo! Finance
IREN
Sec Filings
- 1/2/26 - Form S-8
- 12/8/25 - Form 8-K
- 12/4/25 - Form 424B5
- IREN's page on the SEC website