Added to YB: 2026-08-21
Pitch date: 2026-08-18
IREN [neutral]
IREN Limited
-26.62%
current return
Author Info
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
$41.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
N/A
Shitcos, Griftcos, and alignment versus enrichment at $IREN
IREN (overview): Ex-bitcoin miner turned AI cloud 'griftco' (NVDA exemplar status, MSFT deal). June 30 granted each Co-CEO ~9M RSUs (2.5% co, ~$400M) covering 5yrs, no perf hurdles — right before announcing $2.8B contracts. Author flags governance/timing red flags, ponders signal value. Long similar name FRMI.
Read full article (5 min)