Added to YB: 2026-08-21
Pitch date: 2026-08-18
IREN [neutral]
IREN Limited
+2.9%
current return
Author Info
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
$15.3B
Pitch Price
$41.41
Price Target
N/A
Dividend
N/A
EV/EBITDA
115.93
P/E
78.86
EV/Sales
22.54
Sector
Software
Category
N/A
Shitcos, Griftcos, and alignment versus enrichment at $IREN
IREN (overview): Ex-bitcoin miner turned AI cloud 'griftco' (NVDA exemplar status, MSFT deal). June 30 granted each Co-CEO ~9M RSUs (2.5% co, ~$400M) covering 5yrs, no perf hurdles — right before announcing $2.8B contracts. Author flags governance/timing red flags, ponders signal value. Long similar name FRMI.
Read full article (5 min)