Added to YB: 2024-12-12
Pitch date: 2024-12-12
IREN [bullish]
IREN Limited
+128.91%
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
$13.35
Price Target
25.00 (-28%)
Dividend
N/A
EV/EBITDA
474.89
P/E
-18.57
EV/Sales
25.76
Sector
Software
Category
growth
IREN's Vision for 2025: Bitcoin Efficiency and AI Cloud Synergies
IREN: Hash rate up 33% to 28 EH/s, targeting 50 EH/s in 1H25. Potential Bitmain ban risk. GPU testing H200s. PT raised to $25 on BTC $100K model. CY25 AEBITDA $525M. Trading at 5x EV/CY AEBITDA. Nov BTC mined -14% m/m. $440M convertible note at 3.35%, due 2030, conversion at $16.81.
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