Added to YB: 2026-09-15
Pitch date: 2026-09-12
IREN [bullish]
IREN Limited
+2.86%
current return
Author Info
No bio for this author
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
$17.3B
Pitch Price
$41.97
Price Target
N/A
Dividend
N/A
EV/EBITDA
501.10
P/E
-19.72
EV/Sales
27.18
Sector
Software
Category
growth
The day after $IREN earnings
IREN (added to position): The position was increased significantly around $35 after an update showing higher revenue potential per MW, repeat customer demand and a more scalable funding model. Exit-2026 ARR is expected to exceed $4B; monetizing another 500MW at the discussed $20–25M per MW annually could imply roughly $14–16B+ of ARR including that base, although IREN has not provided a formal 2027 ARR target and the scenario depends on pricing and execution.
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