Core Insights - Investment strategist Shay Boloor has identified ten sub-$10 billion market-cap companies poised to benefit from long-term trends leading into 2026, focusing on essential platforms and hard infrastructure rather than short-term narratives [1][19] Company Summaries - **Ondas Holdings (NASDAQ: ONDS)**: Developing a wireless connectivity layer for industrial and autonomous drones, with strong revenue growth momentum and a year-to-date stock increase of over 230% [2][3] - **Cipher Mining (NASDAQ: CIFR)**: Transitioning to a digital infrastructure owner with large-scale power and data-center assets, stock up over 250% year to date [6] - **Jumia Technologies (NYSE: JMIA)**: Refining its e-commerce and logistics model in Africa, with improved order volumes and a stock gain of about 215% [7] - **DigitalOcean Holdings (NYSE: DOCN)**: Regaining investor confidence with strong earnings and positioning as an AI inference cloud, stock up 40% year to date [8] - **IREN Limited (NASDAQ: IREN)**: Expanding compute capacity with record profitability and a nearly 285% stock increase [9] - **ClearPoint Neuro (NASDAQ: CLPT)**: Advancing image-guided navigation platforms for neurosurgeons, with a stock decrease of 18% year to date [10] - **Eos Energy Enterprises (NASDAQ: EOSE)**: Developing zinc-based energy storage systems for high-load environments, stock up 170% year to date [11] - **Navitas Semiconductor (NASDAQ: NVTS)**: Supplies gallium nitride power chips for AI data centers, stock up 145% year to date despite near-term pressures [14] - **Viking Therapeutics (NASDAQ: VKTX)**: Developing GLP-1 therapies for obesity and diabetes, with a stock decrease of about 10% [16] - **TransMedics Group (NASDAQ: TMDX)**: Scaling its organ care system with a focus on logistics, stock up about 90% [18]

Building data centers is a costly endeavor.There are a few interesting ways to invest in the growth of artificial intelligence (AI), but one of my favorites right now is AI infrastructure. Nvidia CEO Jensen Huang has estimated that companies will spend $3 trillion to $4 trillion on AI infrastructure and data centers by 2030 -- and Huang has been right a lot more than he's been wrong.Chipmakers are plowing as much as they can into making more powerful chips, but there's also a growing need for data center ca ...

Investment Rating - The report maintains an "Accumulate" rating for the industry [6] Core Insights - In recent years, several Bitcoin mining companies have partnered with AI cloud providers, utilizing part of their electricity for GPU hosting and developing AIDC (AI Data Center) businesses, with contracts totaling $53.6 billion and involving 1.959 GW of power [1][11] - The market perceives that Bitcoin mining companies primarily have an advantage in electricity resources compared to other AIDC competitors, but many have prior experience in self-operated cloud services [4][10] - The report suggests that companies with more AI electricity capacity tend to have higher market valuations, with average valuations of $4.73 million/MW for total electricity, $12.26 million/MW for mining electricity, and $144 million/MW for AI electricity [4][55] Summary by Sections 1. Current Status of Bitcoin Mining Transformation to AIDC - As of November 3, 2025, six Bitcoin mining companies have signed contracts with at least five cloud providers, totaling $53.6 billion and involving 1.959 GW of power [1][11] - Over 50% of the AI cloud providers that signed contracts with Bitcoin mining companies are emerging firms, with Coreweave being the largest [2][13] - The average contract duration for AIDC projects is 14 years, with a minimum of 5 years and a maximum of 25 years [3][24] - The average price for key IT load contracts is $1.73 million/MW/year, indicating a consistent pricing structure across projects [3][27] 2. Reasons and Models for Transformation - The transition to AIDC is driven by the uncertainty in revenue and profitability from Bitcoin mining, which faces challenges such as fluctuating prices and increasing competition [33][35] - AIDC offers higher gross margins compared to Bitcoin mining, with various projects reporting net operating income margins between 80% and 88% [40][39] 3. Self-Operated Cloud Services by Mining Companies - Companies like Iris Energy, Hive Digital, and Bitdeer are actively developing self-operated AI cloud services, with Iris Energy expected to operate 140,000 GPUs by the end of 2026 [43][47] - Bitdeer plans to operate 1,160 GPUs by the end of 2025, while Hive Digital aims to exceed 11,000 GPUs by the end of 2026 [44][51] 4. Future Outlook for AIDC Transformation - The report anticipates an acceleration in the transformation of Bitcoin mining companies to AIDC, as companies with more AI electricity capacity are valued higher in the market [55] - The report highlights the importance of companies having substantial electricity reserves and experience in AI cloud services for future investment opportunities [4][55]

Oracle's (ORCL) second-quarter revenue miss, coupled with a disappointing profit outlook, is sending shockwaves through the tech sector today. With AI overvaluation fears back on, neocloud stocks CoreWeave Inc (NASDAQ:CRWV) and IREN Ltd (NASDAQ:IREN) are suffering the consequences.CRWV was last seen down 3.1% to trade at $85.46, despite the company's announcement that it will power Runway's next-generation AI video models. Shares have been rebounding since their November multi-month lows, still down 42.5% i ...

智通财经APP获悉，周四，比特币概念股普跌，比特币再度跌破9万美元关口，现报89712.05美元。Iren Ltd(IREN.US)跌超6%，Coinbase(COIN.US)跌超3.6%，Strategy(MSTR.US)跌超6%，Circle(CRCL.US)跌 超2%，Mara Holdings(MARA.US)跌超5.6%。 ...

Group 1 - The next 12–18 months are critical for IREN Limited's performance, indicating a pivotal period for the company's stock [1] - IREN's stock is characterized by a high-risk, high-reward profile, making it suitable only for investors with a high risk tolerance [1]

CHONGQING, CHINA - AUGUST 26: In this photo illustration, a person holds a smartphone displaying the logo of Iris Energy Limited (NASDAQ: IREN), an Australia-based sustainable Bitcoin mining company powered by renewable energy, with the company's branding visible in the background on August 26, 2025 in Chongqing, China. (Photo by Cheng Xin/Getty Images)Getty ImagesThe global competition for Artificial Intelligence has encountered a significant structural barrier: electricity. There is simply not enough elec ...

Core Viewpoint - Iren's recent $9.7 billion contract with Microsoft marks a significant shift towards AI data centers, but the company's heavy reliance on Bitcoin mining poses serious risks to its existing business model [3][5][10]. Company Overview - Iren has experienced explosive revenue growth of 750% over the past three years, resulting in a stock price increase of 3,360% [2]. - The company primarily operates data centers, selling computing capacity, and has shifted focus from Bitcoin mining to AI data centers [2][3]. Financial Highlights - The new contract with Microsoft is expected to expand Iren's hardware backbone to 140,000 GPUs, potentially increasing the annualized revenue run rate to $3.4 billion, compared to $685 million in total revenue over the past four quarters [3]. - Iren's market capitalization stands at $13 billion, with a current stock price of $44.46 [4]. Business Risks - Bitcoin mining accounted for 97% of Iren's revenue in the most recent quarter, making the company vulnerable to the volatility of cryptocurrency prices [7]. - Historical data shows that Bitcoin's price has declined by over 60% multiple times, and it has fallen nearly 30% from its all-time high since early October [8]. - A prolonged downturn in Bitcoin prices could significantly impact Iren's cash flow and hinder its AI expansion plans [10]. Competitive Landscape - Equinix, a leading data center REIT, is highlighted as a more stable investment alternative, benefiting from AI demand without the need for costly GPU investments [11][12]. - Equinix operates 273 data centers globally and plans to double its capacity by 2029, with annualized gross bookings increasing by 25% year over year [12].

Iren could be one of the best AI stocks right now.Most Iren (IREN +1.08%) investors probably first heard about the stock this year as its price ramped up more than 1,400% from its April low of $5.12 to a November high of $76.87 on enthusiasm about the Australia-based data center owner/operator's potential to benefit from the need for its services related to artificial intelligence (AI). While the stock price has dropped about 40% since hitting those highs, it is still up 367% for the year.That's a lot of mo ...

24/7 Wall St. Quick Read IREN secured a $9.7B Microsoft AI Cloud contract targeting $3.4B in annualized revenue by end of 2026. The company swung to $384.6M net income in Q1 FY26 from a $51.7M loss a year earlier. IREN holds the highest social sentiment score at 85/100 with a beta of 4.24 reflecting extreme volatility. If you’re thinking about retiring or know someone who is, there are three quick questions causing many Americans to realize they can retire earlier than expected. take 5 minutes to ...