Added to YB: 2024-12-03
Pitch date: 2024-12-02
IREN [bullish]
IREN Limited
+150.54%
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
$12.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
growth
IREN's Bull Data Center in Texas Unlocks Tax Abatement Opportunities and Strategic Land Sales
IREN: Bull Data Center project registered as Qualified Large Data Center in TX. 1.4GW Sweetwater site, 60mi from Abilene. Potential for client land sales within project, IREN as operator/taxpayer. Tax abatement opportunities. Advancing talks with hyperscalers? Variable monetization options possible.
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