IREN received two analyst upgrades this week. The stock has soared in the last year because of a huge contract with Microsoft. The stock trades at a hefty premium vs. its AI cloud computing revenue.

Bitcoin miner to AI infrastructure leader. AI cloud revenue +94% QoQ; catalysts include Russell 1000, Microsoft/NVIDIA, and ...

Hyperscalers, including Microsoft, Amazon, and Alphabet, are increasingly signing multibillion-dollar contracts with data center builders. Iren (NASDAQ: IREN) (formerly Iris Energy) and Applied ...

IREN Limited (NASDAQ: IREN) locked down $3.65 billion in investment-grade debt on Monday. The money pays for GPU hardware under a multiyear AI cloud contract with Microsoft. This is the first deal of ...

Iren Ltd. (NASDAQ:IREN) is one of the Trending AI Stocks on Wall Street. On January 13, H.C. Wainwright analyst Mike Colonnese double upgraded the stock from Sell to Buy with a price target of $80.00.

Iren and Applied Digital signed large deals with hyperscalers last year to supply mission-critical data center capacity for AI cloud services. Iren's vertically integrated business model is laying the ...