Added to YB: 2026-05-12
Pitch date: 2026-05-08
IREN [neutral]
IREN Limited
+0.33%
current return
Author Info
No bio for this author
Company Info
IREN Limited operates in the vertically integrated data center business in Australia and Canada. The company owns and operates computing hardware, as well as electrical infrastructure and data centers.
Market Cap
$21.9B
Pitch Price
$54.97
Price Target
80.00 (+31%)
Dividend
N/A
EV/EBITDA
160.51
P/E
112.66
EV/Sales
31.20
Sector
Software
Category
growth
NVIDIA Drafts IREN for the Power Grab: Will the Stock Price Follow?
IREN (overview): NVIDIA backing w/ $2.1B & option to invest at $70/share validates 5GW power pipeline + 600k GPU ambition (rivaling hyperscalers). Spain acquisition (490MW) sidesteps US power constraints. $3.7B ARR target vs $33.6M current AI rev. 41% EBITDA margin trails CoreWeave's 56%. Major risk: $3.5-4.2B capex needed + $6B ATM program diluting to 450-500M shares. Engineering gap closing but competing vs HUT's $10B deal. FY27 PT $70-80 if execution delivers.
Read full article (4 min)