Summary
IREN Limited: Cheap Power, Expanding Capacity, And Multiple Growth Engines
IREN Limited has surged, consolidating after a peak of $74.15 and now offers renewed upside potential. Revenue growth of 235% over 12 months vastly outpaces peers, supporting a Buy rating. Current 39x earnings multiple appears cheap given projected growth and AI HPC positioning.
IREN: Buy The Series Of Unfortunate Events
IREN Limited is down 54% from its high of $76.41, crashing another 10% this Monday morning. The best time to pick up a high-risk, high-reward AI name like IREN is when everyone hates it, and that's where IREN is. IREN is a stock to trade rather than hold long term, and at current levels, we see more upside potential for IREN from its potential 2.91 GW capacity.
Can IREN Sustain Growth Amid Its Rapidly Mounting Capex Burden?
IREN's AI cloud push targets massive growth, but soaring GPU and data-center capex are straining cash flow and reshaping its long-term financial path.
IREN Limited (IREN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has IREN Limited ever had a stock split?
IREN Limited Profile
| Capital Markets Industry | Financials Sector | William Roberts CEO | NASDAQ (NGS) Exchange | Q4982L109 CUSIP |
| AU Country | 257 Employees | - Last Dividend | - Last Split | 17 Nov 2021 IPO Date |
Overview
Iris Energy Limited, founded in 2018, is a pioneering company specialized in the operation and ownership of bitcoin mining data centers. Situated in Sydney, Australia, it has carved a niche for itself in the rapidly evolving cryptocurrency sector. The firm focuses on leveraging cutting-edge technology to sustainably mine bitcoin, positioning itself as a leader in the innovative intersection of blockchain technology and renewable energy.
Products and Services
- Bitcoin Mining Data Centers
Iris Energy Limited operates state-of-the-art bitcoin mining facilities. These data centers are designed to harness renewable energy sources, ensuring an environmentally friendly approach to bitcoin mining. By optimizing energy consumption and utilizing advanced cooling technologies, Iris Energy aims to achieve high efficiency and sustainability in its mining operations.
