Added to YB: 2024-12-03
Pitch date: 2024-12-02
IREN [bullish]
IREN Limited
+230.83%
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
$13.7B
Pitch Price
$12.13
Price Target
N/A
Dividend
N/A
EV/EBITDA
58.92
P/E
24.38
EV/Sales
19.87
Sector
Software
Category
growth
IREN's Bull Data Center in Texas Unlocks Tax Abatement Opportunities and Strategic Land Sales
IREN: Bull Data Center project registered as Qualified Large Data Center in TX. 1.4GW Sweetwater site, 60mi from Abilene. Potential for client land sales within project, IREN as operator/taxpayer. Tax abatement opportunities. Advancing talks with hyperscalers? Variable monetization options possible.
Read full article (4 min)