Latest news with #Childress
Yahoo
6 days ago
- Business
- Yahoo
IREN Limited (IREN): A Bull Case Theory
We came across a bullish thesis on IREN Limited (IREN) by Anxious-Criticism652 on r/valueinvesting on Reddit. In this article, we will summarize the bulls' thesis on IREN. IREN Limited (IREN)'s share was trading at $9.12 as of 23rd May. IREN's trailing and forward P/E were 2.15 and 18.18 respectively according to Yahoo Finance. Image by Лечение Наркомании from Pixabay Iris Energy (IREN) is quietly becoming a digital infrastructure powerhouse, transcending its roots as a Bitcoin miner to emerge as a forward-looking platform positioned at the intersection of renewable energy, AI computing, and quantum readiness. With over 10 EH/s in current Bitcoin mining capacity and a clear cap at 52 EH/s, Iris is uniquely pivoting focus to its AI cloud division. Already generating $26 million in annualized revenue from 1,896 NVIDIA H100 and H200 GPUs at 96%+ profit margins, the company is preparing to deploy next-gen Blackwell B200 chips in a new 75MW liquid-cooled data center in Childress, Texas. Its Sweetwater campus has secured 2.75GW of power capacity—one of North America's most scalable sites for compute infrastructure—cementing its advantage in future workloads ranging from crypto to AI to quantum computing. What sets Iris apart is its infrastructure's modular, ultra-high-density design, enabling it to seamlessly evolve with next-gen hardware demands. Unlike peers who overextend through debt or dilution, Iris maintains a pristine balance sheet—zero debt—and funds growth through customer prepayments and internal cash flow. This financial discipline adds resilience and optionality across cycles. Wall Street is starting to take notice. J&M Securities recently upgraded IREN to a Strong Buy with a $24 price target, citing the hybrid AI/crypto model and unmatched scalability. Despite the optimism, the stock trades at just $9.50, offering substantial upside. Iris Energy isn't a speculative crypto play—it's a clean energy-backed execution story with exposure to three of the most transformative computing trends of the next decade. Previously, we have covered IREN Limited (IREN) in February 2025 wherein we summarized a bull thesis by Industrial Tech Stock Analyst on Substack. The author highlighted that IREN Limited (IREN) was positioned as an under-the-radar winner in the AI infrastructure space. Originally a Bitcoin miner, the company had been leveraging its renewable energy-powered data centers in overlooked locations to address AI's growing compute and energy bottlenecks. With zero debt, strong cash flow, and early AI partnerships, the thesis argued that IREN could see a 10x valuation if it successfully transitioned more of its capacity toward AI computing. Since April 2025, the stock is up 49.51% IREN Limited (IREN) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 44 hedge fund portfolios held IREN at the end of the fourth quarter which was 28 in the previous quarter. While we acknowledge the risk and potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than IREN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
Forbes
24-05-2025
- Automotive
- Forbes
RCR Extends Kyle Busch Amid NASCAR Struggles And Future Uncertainty
Despite their collective struggles, Richard Childress and Kyle Busch are giving it at least one more go. On Saturday at Charlotte Motor Speedway, the pair made it official: the team has picked up the one-year option that keeps Busch behind the wheel of the No. 8 Chevrolet through the end of the 2026 season. That means Kyle Busch, a two-time NASCAR Cup Series champion with 63 career wins, is staying put at Richard Childress Racing. But that headline doesn't tell the whole story—because since 2023, Busch's NASCAR tale has taken a turn. After a promising start with RCR that year, racking up three wins and injecting fresh optimism into the program, 2024 turned out to be a statistical ghost town. No wins. No playoff appearance. And the end of a 19-season streak of at least one win per year—a record-breaking run that quietly shaped Busch's reputation as a perennial contender. Twelve races into 2025, there are flickers of the old fire. A top-five here. A handful of laps led there. But the winless streak now stands at 62 races and counting—the longest drought of his Cup career. Still, if Busch is frustrated, Richard Childress isn't ready to pull the plug. Far from it. 'I love a driver that doesn't like to lose,' Childress said. 'We've worked hard. We've got some exciting things coming up. He and I are both alike in one area—we don't like to lose. We want to win races. I still think Kyle will win him a championship, and we're going to have it at RCR. That's our plans.' It all sounds like a vote of confidence—until you realize the announcement was about the team exercising a one-year option, not offering a contract extension. In racing, as in business, one-year deals can be read two ways: as a second chance, or a soft goodbye. But Childress insists it's business as usual. 'We always wait until we get started the following year, or maybe later this year we'll be discussing the future,' he said. 'There's a big future there for Kyle.' As for Kyle, he's putting in the work to turn things around. 'I think the speed has been there,' Busch said. 'More and more we continue to work on that and get that closer to where it's consistent speed. I feel like there's times in the race where we do have top speed, but it's not the whole race. So we've got to work on beginning to end and being able to put everything together. So that's a big part of what you see. A lot of these guys that are winning right now … they're just good from start to finish. So that's a big piece of what we're doing. ' Childress says the engineering as a lot to do with it. 'Well, it all boils down to the drivers having their own feel,' he said. 'And we're working hard to get that feel. The first year, we won three races right out of the bat. We've changed a little in our engineering and I think that bit us just a little… These cars are different. And once we get that feel he wants, it's going to be Katie Bar the Door.' So here they are: one of the sport's most successful drivers and one of its most storied owners, still swinging. The wins aren't coming, the pressure is mounting, and the critics are circling—but Richard Childress and Kyle Busch are both betting there's still fuel left in the tank. And if they can finally give Busch the feel he needs from the car—well, as Childress put it, 'It's going to be Katie bar the door.' Until then, the losing streak continues. But not the fight.
24-05-2025
- Automotive
2-time NASCAR Cup Series champion Kyle Busch to return to Richard Childress Racing for 2026 season
CONCORD, N.C. -- Richard Childress Racing announced Saturday it has picked up the option on Kyle Busch's contract, meaning the two-time Cup Series champion will be back with the team for the 2026 season. The 40-year-old Busch is in the midst of the longest slump of his career, with his winless streak closing in on 70 races. Busch has won 63 Cup Series races since joining the circuit in 2003, but has not taken the checkered flag since St. Louis on June 4, 2023. Still, Busch believes RCR will get things turned around soon. 'It's a great place to be, a great place to work and a great atmosphere — there is a lot of determination there from a lot of people (to win),' said Busch, who won Cup Series championships in 2015 and 2019. Team owner Richard Childress said he felt like the organization let Busch down in 2024, his first season without a Cup Series win in his career. Busch has one top-5 finish this season. He is 17th in the point standings. 'I think we will win a race with him this year,' Childress said. "We have to work smarter and that is what we are trying to do. We have a lot of good things going." The polarizing Busch, known for his outbursts and rants, called the losing streak 'a little humbling.' 'I'm excited for the next win whenever that is," Busch said. "I feel like there are times where it gives you that motivation and gives you that itch to get back to victory lane.' Childress said there is hope that he can sign Busch to a long-term extension at some point in the future. "There is a big future for Kyle," Childress said. Busch said he has not considered retiring from racing, He said that is something he will reconsider once his 10-year-old son, Brexton, is old enough to get into racing on the national circuit. Busch will run Sunday in the Coca-Cola 600, a race that he won in 2018.
San Francisco Chronicle
24-05-2025
- Automotive
- San Francisco Chronicle
2-time NASCAR Cup Series champion Kyle Busch to return to Richard Childress Racing for 2026 season
CONCORD, N.C. (AP) — Richard Childress Racing announced Saturday it has picked up the option on Kyle Busch's contract, meaning the two-time Cup Series champion will be back with the team for the 2026 season. The 40-year-old Busch is in the midst of the longest slump of his career, with his winless streak closing in on 70 races. Busch has won 63 Cup Series races since joining the circuit in 2003, but has not taken the checkered flag since St. Louis on June 4, 2023. Still, Busch believes RCR will get things turned around soon. 'It's a great place to be, a great place to work and a great atmosphere — there is a lot of determination there from a lot of people (to win),' said Busch, who won Cup Series championships in 2015 and 2019. Team owner Richard Childress said he felt like the organization let Busch down in 2024, his first season without a Cup Series win in his career. Busch has one top-5 finish this season. He is 17th in the point standings. 'I think we will win a race with him this year,' Childress said. "We have to work smarter and that is what we are trying to do. We have a lot of good things going." The polarizing Busch, known for his outbursts and rants, called the losing streak 'a little humbling.' 'I'm excited for the next win whenever that is," Busch said. "I feel like there are times where it gives you that motivation and gives you that itch to get back to victory lane.' Childress said there is hope that he can sign Busch to a long-term extension at some point in the future. "There is a big future for Kyle," Childress said. Busch said he has not considered retiring from racing, He said that is something he will reconsider once his 10-year-old son, Brexton, is old enough to get into racing on the national circuit. ___
Fox Sports
24-05-2025
- Automotive
- Fox Sports
2-time NASCAR Cup Series champion Kyle Busch to return to Richard Childress Racing for 2026 season
Associated Press CONCORD, N.C. (AP) — Richard Childress Racing announced Saturday it has picked up the option on Kyle Busch's contract, meaning the two-time Cup Series champion will be back with the team for the 2026 season. The 40-year-old Busch is in the midst of the longest slump of his career, with his winless streak closing in on 70 races. Busch has won 63 Cup Series races since joining the circuit in 2003, but has not taken the checkered flag since St. Louis on June 4, 2023. Still, Busch believes RCR will get things turned around soon. 'It's a great place to be, a great place to work and a great atmosphere — there is a lot of determination there from a lot of people (to win),' said Busch, who won Cup Series championships in 2015 and 2019. Team owner Richard Childress said he felt like the organization let Busch down in 2024, his first season without a Cup Series win in his career. Busch has one top-5 finish this season. He is 17th in the point standings. 'I think we will win a race with him this year,' Childress said. "We have to work smarter and that is what we are trying to do. We have a lot of good things going." The polarizing Busch, known for his outbursts and rants, called the losing streak 'a little humbling.' 'I'm excited for the next win whenever that is," Busch said. "I feel like there are times where it gives you that motivation and gives you that itch to get back to victory lane.' Childress said there is hope that he can sign Busch to a long-term extension at some point in the future. "There is a big future for Kyle," Childress said. Busch said he has not considered retiring from racing, He said that is something he will reconsider once his 10-year-old son, Brexton, is old enough to get into racing on the national circuit. Busch will run Sunday in the Coca-Cola 600, a race that he won in 2018. ___ AP auto racing: recommended in this topic
