Added to YB: 2024-11-14
Pitch date: 2024-11-14
IREN [bullish]
IREN Limited
+231.59%
current return
Author Info
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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
$13.7B
Pitch Price
$10.70
Price Target
150.00 (+274%)
Dividend
N/A
EV/EBITDA
58.92
P/E
24.38
EV/Sales
19.87
Sector
Software
Category
growth
Show full summary:
Iris Energy Limited - Complete A-Z investment case
IREN: Fastest-growing BTC miner, industry-best efficiency. Expanding to AI/HPC with 1.4GW TX site. 50 EH/s by Q2 2025, 77% gross margin. AI potential: own CSP or colocation deals. Undervalued at 5x PS vs peers. $150+ PT by H1 2026 on $1.7B mining, $800M+ AI revenue.
Read full article (64 min)