Latest news with #IrisEnergy
Yahoo
31-05-2025
- 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- 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
Business Insider
18-05-2025
- Business
- Business Insider
Analysts Are Bullish on These Financial Stocks: Sagicor Financial (SGCFF), Iris Energy (IREN)
There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Sagicor Financial (SGCFF – Research Report) and Iris Energy (IREN – Research Report) with bullish sentiments. Confident Investing Starts Here: Sagicor Financial (SGCFF) In a report issued on May 14, Gabriel Dechaine from National Bank reiterated a Buy rating on Sagicor Financial, with a price target of C$11.00. The company's shares closed last Tuesday at $5.60, close to its 52-week high of $5.67. According to Dechaine is a 5-star analyst with an average return of 9.9% and a 67.9% success rate. Dechaine covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Toronto Dominion Bank, and Royal Bank Of Canada. Currently, the analyst consensus on Sagicor Financial is a Strong Buy with an average price target of $7.69, a 37.3% upside from current levels. In a report issued on May 14, RBC Capital also maintained a Buy rating on the stock with a C$9.00 price target. Iris Energy (IREN) BTIG analyst Gregory Lewis maintained a Buy rating on Iris Energy on May 15 and set a price target of $22.00. The company's shares closed last Friday at $8.41. According to Lewis is a 2-star analyst with an average return of 0.5% and a 44.3% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Chart Industries, SFL Corporation, and NuScale Power. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Iris Energy with a $18.22 average price target, implying a 131.5% upside from current levels. In a report issued on May 5, Compass Point also maintained a Buy rating on the stock with a $15.00 price target.
Yahoo
14-02-2025
- Business
- Yahoo
Data company sets its eyes on the new sector — and it could cause significant change in investment patterns
IREN is a data-center firm seeking to upend the cryptocurrency industry's relationship with the energy sector — and to clean up energy-intense computing more broadly. Formerly known as Iris Energy, the Sydney-based company was founded in 2018 and operates renewable energy-powered data centers in Canada and the United States. "Our facilities are optimized for Bitcoin mining, AI cloud services and other power-dense compute," the company states, boasting its 100% renewable credentials. In January, IREN announced a 1,400-megawatt facility in Sweetwater in West Texas, expected to come online in April 2026. It already has a 750-megawatt operation in Childress County, which is about 150 north and 250 miles northwest of Dallas, that is partly functional and still under construction. The 420-acre Childress site showcases the crypto industry's goal for the future of digital currencies. It is located in a wind and solar power hotbed, where the cost of energy is cheap. IREN says the region has 37 gigawatts of renewable energy but can transmit only about 12 because of infrastructure limitations. "This constraint currently results in wind and solar farms often being curtailed (or temporarily turned-off) at times of high renewable energy generation due to a lack of local load," according to the company. The presence of the data center, however, means that excess energy produced on particularly windy or sunny days can be used rather than wasted. When the intermittent renewable energy supply is low, on the other hand, it can similarly reduce its consumption, balancing the grid and protecting against threats such as extreme weather-caused blackouts. It's a working example of a green tech dream, as bitcoin and other cryptocurrencies have long been criticized for their energy demands, which reportedly match those of small countries. Crypto miners also consume vast quantities of water to cool their equipment and produce e-waste as they upgrade tools. Using clean energy instead of dirty energy reduces the emission of heat-trapping gases that pollute the atmosphere and contribute to the climate crisis, which is harming humanity, wildlife, and the planet. Do you think electric vehicles are efficient enough to replace gas cars? Totally Definitely not They're almost there They need a lot more work Click your choice to see results and speak your mind. IREN is betting that its practices will not only mitigate these problems but also usher in a new era of sustainable, profitable investment. It hopes to push other cryptocurrencies as well as other industries toward renewables, which would help expand clean infrastructure via increased demand, and to spur economic growth and social responsibility by meeting the needs of communities underserved by traditional finance. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
28-01-2025
- Business
- Yahoo
Piper Sandler Sees Buying Opportunity as Bitcoin Miners Extend Losses
Bitcoin (BTC) mining stocks with AI exposure fell sharply Monday as investors reacted to the rise of Chinese AI startup DeepSeek. However, Piper Sandler believes the selloff was overdone, arguing that the broader AI sector remains strong. Bitcoin miners have been leveraging their infrastructure for AI computing, diversifying beyond crypto. Analyst Patrick Moley suggested that DeepSeek's emergence could actually fuel competition among U.S. AI firms, rather than diminishing demand. Despite discussions around DeepSeek's low training costs, Moley does not anticipate a near-term shift in AI's power requirements. He also highlighted positive trends in Bitcoin mining, including potential price appreciation and improved regulatory conditions. Meanwhile, Bitcoin mining stocks continued to slide on Tuesday, extending losses from the previous session. Core Scientific (NASDAQ:CORZ), Iris Energy (NASDAQ:IREN), TeraWulf (NASDAQ:WULF), Bit Digital (NASDAQ:BTBT), Hut 8 (NASDAQ:HUT), HIVE Digital Technologies (NASDAQ:HIVE), and Cipher Mining (NASDAQ:CIFR) all saw further declines despite broader market gains. Piper Sandler maintains a bullish long-term outlook on Bitcoin and sees Monday's pullback as a buying opportunity for Bitcoin miners. This article first appeared on GuruFocus. Sign in to access your portfolio
