Added to YB: 2026-05-12
Pitch date: 2026-05-08
IREN [neutral]
IREN Limited
-15.99%
current return
Author Info
No bio for this author
Company Info
IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Market Cap
$19.1B
Pitch Price
$54.97
Price Target
80.00 (+73%)
Dividend
N/A
EV/EBITDA
549.60
P/E
-21.84
EV/Sales
29.81
Sector
Software
Category
growth
NVIDIA Drafts IREN for the Power Grab: Will the Stock Price Follow?
IREN (overview): NVIDIA backing w/ $2.1B & option to invest at $70/share validates 5GW power pipeline + 600k GPU ambition (rivaling hyperscalers). Spain acquisition (490MW) sidesteps US power constraints. $3.7B ARR target vs $33.6M current AI rev. 41% EBITDA margin trails CoreWeave's 56%. Major risk: $3.5-4.2B capex needed + $6B ATM program diluting to 450-500M shares. Engineering gap closing but competing vs HUT's $10B deal. FY27 PT $70-80 if execution delivers.
Read full article (4 min)