Added to YB: 2026-10-09
Pitch date: 2026-10-07
IREN [neutral]
IREN Limited
-19.2%
current return
Author Info
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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
$37.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
special_situation
Portfolio Update – September 2026 - IREN Limited
IREN (hold): IREN received conditional Base Load inclusion in ERCOT’s Batch Zero process for its 2GW Sweetwater hub, the largest block in a 5GW-plus portfolio, but this is only a place in the process — not an energized substation — and the same queue left Cipher’s capacity in limbo. Shares peaked at US$48.55 before falling 16% to US$40.88 as the US 10-year yield exceeded 5%; the position is up 3.94% year to date.
Read full article (1 min)