IREN Limited's stock has dropped sharply due to a revenue miss and a large impairment charge related to winding down its Bitcoin mining business. However, top Wall Street analysts remain bullish, with Bernstein setting a $100 price target, reflecting a potential doubling from current levels. The company is repositioning itself as an AI cloud and GPU data center operator, supported by major contracts with Microsoft and NVIDIA. Success depends on executing these contracts and managing high capital expenditures, but the outlook is positive given strong demand and funding.
IREN's Q4 FY26 report reveals AI cloud contracts now price at $25 million per megawatt of IT load, up from $9.7 million in late 2025. This surge reflects strong demand and scarce compute capacity, with $4 billion in contracted annual recurring revenu...
Bitcoin-linked data center stocks like Cipher Mining, TeraWulf, and IREN rallied today, with gains of 12%, 8%, and 4% respectively, as Bitcoin stabilized near recent lows. These companies are evolving from pure Bitcoin mining to AI infrastructure, hi...
IREN Ltd. stock surged over 14% recently due to strong institutional interest in its AI cloud infrastructure. Analyst Gautam Chhugani from Bernstein reaffirmed a 'Buy' rating and a $100 price target, suggesting a 143% upside from the current $41.21 p...
