Added to YB: 2026-09-10
Pitch date: 2026-09-08
IREN [bullish]
IREN Limited
-3.18%
current return
Author Info
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Company Info
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Market Cap
$17.6B
Pitch Price
$46.86
Price Target
163.20 (+248%)
Dividend
N/A
EV/EBITDA
509.83
P/E
-20.10
EV/Sales
27.65
Sector
Software
Category
growth
Why I Picked $IREN Over $NBIS and $CRWV?
IREN: An owned-power, full-stack AI cloud is being valued like its legacy Bitcoin miner at a roughly $16B market cap. AI Cloud revenue surpassed mining for the first time, Horizon 1 is accepted, and $4B of ARR is contracted against largely sold-out 2026 capacity, with customer prepayments and GPU financing funding most silicon costs. The thesis hinges on Horizons 2–4 clearing acceptance and contracted ARR becoming recognized revenue without dilution becoming the funding model.
Read full article (9 min)