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IREN, ticker NasdaqGS:IREN, is pivoting from Bitcoin mining toward AI cloud infrastructure and high density compute services.
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The company has signed large cloud deals, including a multi billion dollar agreement with Microsoft, alongside major data center expansion focused on liquid cooled capacity.
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Institutional interest includes sizeable equity purchases by Cantor Fitzgerald and upcoming inclusion in the MSCI USA Index.
IREN is in the middle of a major business reset, with new AI focused contracts starting to sit alongside its legacy Bitcoin mining operations. The shares trade at $39.98, with a very large 1 year return and a multi year gain of more than 7x, although the stock is down 29.5% over the past month and 6.4% year to date. That mix of strong longer term gains and recent pullback sets the backdrop for this latest round of corporate moves.
For investors, the shift toward AI compute, the Microsoft agreement, and the MSCI USA Index addition all highlight a company that is trying to reposition itself in a rapidly evolving segment of the data center market. The key questions now are how quickly these contracts ramp, how efficiently IREN builds out its liquid cooled infrastructure, and how the business mix evolves as institutional ownership and index related attention increase.
Stay updated on the most important news stories for IREN by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on IREN.
2 things going right for IREN that this headline doesn’t cover.
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✅ Price vs Analyst Target: At US$39.98, IREN trades about 50% below the US$79.31 analyst target, with a low estimate of US$37 and high of US$125.
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⚖️ Simply Wall St Valuation: Simply Wall St’s DCF view is currently unknown, so treat the valuation case as incomplete rather than clearly cheap or expensive.
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❌ Recent Momentum: The 30 day return of roughly 29% decline signals weak short term sentiment despite the AI pivot and new contracts.
There is only one way to know the right time to buy, sell or hold IREN. Head to Simply Wall St’s company report for the latest analysis of IREN’s Fair Value.
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📊 The move toward AI cloud and the Microsoft agreement shift the story from pure Bitcoin exposure to data center and high density compute revenue.
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📊 Watch how quickly AI contracts convert into revenue, the mix between Bitcoin and AI, and any updates to P/E of 34.09 versus the software industry average of 25.41.
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⚠️ Key risks include high share price volatility, recent shareholder dilution, and analyst expectations for earnings to decline strongly over the next three years.
For the full picture including more risks and rewards, check out the complete IREN analysis. Alternatively, you can check out the community page for IREN to see how other investors believe this latest news will impact the company’s narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include IREN.
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