Added to YB: 2025-10-07
Pitch date: 2025-10-04
IREN [bullish]
IREN Limited
-43.75%
current return
Author Info
No bio for this author
Company Info
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Market Cap
$16.3B
Pitch Price
$54.02
Price Target
112.00 (+269%)
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
growth
IREN: Riding the AI Wave
IREN: Bitcoin miner pivoting to AI data centers. Mining generates $1B revenue at 50% EBITDA margin w/ 3.8¢/kWh power costs. AI Cloud reaching 23K GPUs by Q1-2026, targeting $500M ARR (2% of total capacity). 2.9GW secured by 2027. Major projects: Sweetwater 2GW, Childress 750MW. Stock up 429% YTD but volatile w/ Bitcoin. High capex needs, potential dilution risk.
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