Added to YB: 2026-03-11
Pitch date: 2026-03-08
IREN [neutral]
IREN Limited
+13.47%
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
$12.2B
Pitch Price
$36.46
Price Target
N/A
Dividend
N/A
EV/EBITDA
65.77
P/E
27.51
EV/Sales
16.88
Sector
Software
Category
growth
2 Non-Software Stocks I’m Keeping an Eye on as the Market Proves More Irrational Than Ever - IREN Limited
IREN (watchlist): Vertically integrated datacenter co w/ 3GW power (98% renewable BC Hydro + 750MW TX campus). Pivoting from Bitcoin mining (91% Q2 rev) to AI Cloud via $9.7B Microsoft deal—targets $3.4B annual AI rev by 2026 vs current $40-50M. Received 20% upfront, adding 140k Nvidia GB300 GPUs. Risks: massive dilution (53M→283M shares '23-'26), $2B convertible debt, negative FCF in capex phase. Bull case if Bitcoin recovers + AI growth accelerates.
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