Iris Energy Aktie News

Artificial intelligence is driving explosive demand for computing power as companies invest heavily to develop and deploy AI models.

Oracle rumors dragged Iren and other AI stocks, but that doesn't concern Iren. Lower Bitcoin prices will hurt Bitcoin mining revenue, but the company's $3.4 billion in projected annual recurring revenue from AI shows that Bitcoin mining revenue won't matter as much in the future.

IREN shares fell roughly 50% during a tech-wide risk-off move, despite Q1 results confirming improving AI traction and platform execution. The revenue mix is shifting toward AI cloud and HPC, with AI expected to grow faster than mining over the next two years. December's $1.63 billion equity raise reduced dilution by retiring $544 million of deeply in-the-money convertible notes and extending d...

IREN Limited is positioned for strong AI data center growth, anchored by a $9.7 billion Microsoft contract. Despite sector volatility and market skepticism, IREN forecasts $3.4 billion ARR by 2026, leveraging only 16% of its data center power pipeline. A recent $4 billion capital raise strengthens IREN's balance sheet, enabling GPU procurement and further data center buildout.

An analyst at a prominent investment bank launched coverage of several data center companies. He recommended two as buys, and Iren wasn't among that duo.

IREN Limited has surged, consolidating after a peak of $74.15 and now offers renewed upside potential. Revenue growth of 235% over 12 months vastly outpaces peers, supporting a Buy rating. Current 39x earnings multiple appears cheap given projected growth and AI HPC positioning.

IREN Limited is down 54% from its high of $76.41, crashing another 10% this Monday morning. The best time to pick up a high-risk, high-reward AI name like IREN is when everyone hates it, and that's where IREN is. IREN is a stock to trade rather than hold long term, and at current levels, we see more upside potential for IREN from its potential 2.91 GW capacity.

The IREN stock price made a strong bearish breakout on Monday as it plunged to its lowest level since September this year. It has now erased some of the gains it made a few months ago when it jumped from $5 to $76.