Bitcoin Miner Iren Limited (Nasdaq: IRN) has declined today as investors priced on the company’s axis of pure bitcoin mines to an integrated AI-CLOUD operator.
The arrow jumped into double -number gains after two separate analysts put a new condemnation behind the company’s strategy, and after Irene Declare Huge GPU purchases that change financially revenue.
IRN increased by 110 % last month to $ 48.75, including 16.6 % jump today, and now more than 530 % has risen over the past six months.
Why is Irene rising?
The main drivers are clear: IRN says it has doubled its cloud capacity at 23,000 graphics processing units after purchasing approximately $ 674 million from 12400 units-a mixture of NVIDIA B300s and B200s in addition to AMD Mi350xs-and it is preparing to more than $ 500 million in the annual round by Q1 2026. concrete investors and revenues targeted can estimate.
Wall Street’s reaction was quickly. Bernstein is more than three times its goal to $ 75 and puts this step as “outbreak” led by SIS, which means approximately 80 % of the previous closure, According to To Coindsk.
Almost at the same time, Aryti’s research started covering with a purchase and goal of $ 78, Eching opinion The company’s built -in and fingerprint data center gives it a unique claim in the market.
Analysts-from two stores with different frameworks-pushed the shares to the best winners on the encrypted brown screens.
The IRN administration was explicit about building the liquid and high -density artificial intelligence halls (including a Scheme The site of 75 megawatts directly to a chip in Texas) and link that material capacity with the company’s low -cost power portfolio.
It allows the possession of energy, land and data centers to capture a larger segment of the economies of every mining workers who rent the ability to overpower.
This vertical control is essential to the re -classification.
The market supply also reflects a partial displacement: IRN does not give up bitcoin. The company still runs one of its self-run mining fleets in the United States, and analysts refer to the large cash flow of the large biathyne-nearly hundreds of millions in EBITDA at current prices-as a funding source for AI Capex.
This option – the switch between mining and GPU hosting more of what results in more for each megawat – is essential in investing investors to set installment complications for the new AI assets of IRN.
The post Why Bitcoin Miner IREN’s Stock Is Soaring On AI Cloud News first appeared on Investorempires.com.
