IREN Just Dropped To $35, And The Market Is Missing The Point [Seeking Alpha]
Iris Energy Limited (IREN)
Company Research
Source: Seeking Alpha
IREN secured over 50,000 additional Nvidia B300 GPUs, raising its AI Cloud annualized run-rate revenue target to $3.7 billion by the end of 2026. With $9.3 billion in recent funding and 4.5 GW of secured power, IREN is well-positioned for AI growth, though execution and the Bitcoin side of the business remain a risk. IREN trades at a significant discount to neocloud peers on forward EV/Sales and EV/EBITDA, making current levels an attractive entry pending technical confirmation. I hereon share my sentiment on IREN and why I'm upgrading the stock to a strong buy at current levels. koyu/iStock via Getty Images IREN Limited ( IREN ) surged around 13% on Wednesday, after a series of brutal selling sessions that took the stock down over 45% from its November highs near $80 to the high $30s and now consolidating at the low $40s. This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no
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IREN
News
- IREN vs. CRCL: Which Crypto-Exposure Stock Has an Edge Right Now? [Yahoo! Finance]Yahoo! Finance
- IREN's Power Moat: Winning The AI Race [Seeking Alpha]Seeking Alpha
- IREN: Something Doesn't Add Up [Seeking Alpha]Seeking Alpha
- IREN Ltd (IREN) Strengthening Cloud Platform with Nvidia's GPUs [Yahoo! Finance]Yahoo! Finance
- Why I See IREN's $6B ATM As A Growth Tool, Not A Threat To Shareholders [Seeking Alpha]Seeking Alpha
IREN
Sec Filings
- 3/4/26 - Form 8-K
- 3/4/26 - Form 424B5
- 3/4/26 - Form 8-K
- IREN's page on the SEC website