Core Insights - IREN Limited is scheduled to report its first-quarter fiscal 2026 results on November 6, with earnings estimates steady at $0.17 per share and revenue expectations at $229.14 million [1][9] Financial Performance - The consensus estimate for earnings per share has remained unchanged at 17 cents over the past 30 days, while revenue estimates have also been stable [1][2] - Monthly revenues from bitcoin mining were reported at $83.6 million in July and $76.7 million in August, with bitcoin pricing realizations at $114,891 and $114,816 respectively [6][8] - Hardware profit for IREN was $63.3 million in July and $50.8 million in August, showing an increase from previous months [8] Business Operations - IREN is benefiting from growing bitcoin mining revenues and an expanding AI data center business, with a high fleet efficiency of 15 joules per terahash and low power costs of $0.035 per kilowatt hour [3][5] - The company has expanded its AI cloud capacity to 10.9k NVIDIA GPUs after securing NVIDIA Preferred Partner status and $96 million in financing [4][16] - IREN's transition from bitcoin mining to AI cloud services is supported by its low-cost, power-efficient operations, which are expected to fund AI expansion [15][16] Market Position - IREN is recognized as one of the largest and lowest-cost bitcoin miners, achieving a 400% year-over-year hashrate growth in the fourth quarter of fiscal 2025 [7] - The company's stock has appreciated 589.9% year-to-date, outperforming the Zacks Financial - Miscellaneous Services industry, which has seen a decline of 0.1% [10] Competitive Landscape - IREN faces challenges from high debt levels of approximately $962.8 million against $564.5 million in cash, which may impact its ability to scale operations [5][21] - The company is under competitive pressure from peers like Applied Digital and TeraWulf in the AI infrastructure space, which could affect its margins [17][18]

Wall Street continues to try and stay ahead of the hot-handed IREN (IREN) after yesterday's $9.7 billion agreement with Microsoft (MSFT) to supply 200 megawatts (MW) of AI data center capacity. The company's biggest sell-side fan is Cantor Fitzgerald's Brett Knoblauch. Bullish on the stock this past summer when it was trading for $10 and continually hiking his price target since, Knoblauch yesterday raised again, this time to $142 from $100. That implies more than a 100% upside from yesterday's close of $ ...

We recently published Wall Street Can’t Keep up With These 10 Crushing Stocks; 6 at Fresh Record Highs. IREN Ltd. (NASDAQ:IREN) is one of the best-performing on Monday. IREN Ltd. soared to a new all-time high anew on Monday after securing $15.5 billion worth of new deals with technology giants Microsoft Corp. and Dell Technologies. At intra-day trading, the stock climbed to a new 52-week high of $75.73 before trimming gains to finish the day just up by 11.52 percent at $67.75 apiece. IREN Ltd. (IREN) Hi ...

Core Insights - CNBC host Jim Cramer has shifted his stance on AI infrastructure providers IREN Ltd. and Nebius Group NV, citing a significant demand in the booming AI sector [1][2] - IREN has secured a monumental multi-year contract worth $9.7 billion with Microsoft for GPU cloud services, marking a critical validation of its strategic pivot from Bitcoin mining to AI data center operations [2][3] Company Developments - IREN will supply Nvidia GB300 GPUs as part of the Microsoft deal, which includes a 20% prepayment and a $5.8 billion partnership with Dell Technologies for equipment [3] - Nebius Group has also made significant strides in the AI infrastructure landscape, securing a reported $17 billion deal with Azure and being recognized for its efficient cooling systems [4] Market Trends - Industry projections indicate that global data center AI power demand is expected to quadruple within the next decade, reaching 1,500 terawatt-hours by 2034 [4] - The demand for AI power and cooling solutions is being driven by multi-year contracts from major hyperscalers like Amazon, Microsoft, and Google [5] Stock Performance - IREN's stock has surged by 547.71% year-to-date, while Nebius has increased by 294.85% in the same period, reflecting the rapid evolution of these companies amid unprecedented AI demand [6] - Benzinga's Edge Stock Rankings indicate that IREN maintains a stronger price trend over the short, medium, and long terms, while Nebius shows a stronger long-term trend but weaker short and medium-term performance [7]

Group 1 - The core viewpoint emphasizes the impressive realized return of 65.8% on closed positions by Tech Contrarians since inception, highlighting their effectiveness in investment strategies [1] - Tech Stock Pros consists of three former technology sector engineers who provide institutional-level company research to individual investors through their group, Tech Contrarians [2] - The services offered include a live portfolio with quarterly updates, bi-weekly newsletters, and daily Q&A via chat, aimed at simplifying technology sector investments for individual investors [2] Group 2 - The article does not contain any specific financial disclosures or investment recommendations related to the companies mentioned [3][4]

Core Insights - IREN shares have surged nearly 600% in 2025, reaching an all-time high after announcing a $9.7 billion deal with Microsoft [1][3][5] - The agreement allows Microsoft to access Nvidia chips for its data centers over the next five years, while IREN will also purchase Nvidia chips and related equipment from Dell Technologies for approximately $5.8 billion [2][5] Company Developments - IREN's CEO, Daniel Roberts, stated that the Microsoft agreement marks a significant advancement for the company as it expands GPU deployments across its 3GW secured power portfolio in North America [3] - The company plans to finance its capital expenditures through a mix of existing cash, customer prepayments, operating cash flows, and additional financing initiatives [2] Industry Context - IREN is shifting its focus from Bitcoin mining to providing AI infrastructure, aiming to leverage the increasing demand for computing resources [2]

I hope that I put IREN Limited ( IREN ) on your radar when I first wrote about it back in March this year. It's up 811% since, a wild ride that I did not expect.I manage portfolios and write about the world. Long signal, short noise. Macro strategist and investment advisor from Southern California. You can also find me on YouTube and Substack under my name; my weekly newsletter is called The Macro Obsession.Analyst’s Disclosure:I/we have a beneficial long position in the shares of IREN, MSFT either through ...

Core Insights - IREN Limited (IREN) shares have surged following a significant agreement with Microsoft Corporation (MSFT) to provide GPU capacity for IT workloads and other internal applications [1] Company Summary - IREN Limited has entered into a major deal with Microsoft, indicating a strategic partnership that could enhance its market position and revenue potential [1] - The deal is expected to supply GPU capacity, which is crucial for handling large-scale IT workloads, suggesting a focus on high-performance computing [1] Industry Summary - The collaboration between IREN and Microsoft highlights the growing demand for GPU resources in the tech industry, particularly among hyperscalers [1] - This partnership may reflect broader trends in the industry where companies are increasingly relying on advanced computing capabilities to support their operations and services [1]

Group 1 - IREN Limited shares are experiencing a significant increase following a major agreement with Microsoft Corporation to provide GPU capacity for IT workloads and internal use cases [1] - The deal with Microsoft positions IREN as a key player in the growing demand for GPU resources, particularly in the context of cloud computing and data processing [1] Group 2 - The partnership with a leading technology company like Microsoft enhances IREN's market credibility and potential for future growth [1] - This collaboration may lead to increased revenue streams for IREN, driven by the expanding needs of hyperscalers in the tech industry [1]

Core Insights - IREN Ltd has transitioned from Bitcoin mining to AI infrastructure, resulting in a significant stock surge of over 500% this year, benefiting hedge fund manager Paul Tudor Jones with an estimated $84 million profit [1][2]. Group 1: Company Performance - Tudor Investment Corp acquired a 1.47 million-share stake in IREN at an average price of approximately $10.05 per share, which has now increased to around $67, marking a value increase of over 560% [2]. - The stock's rally was significantly boosted by a $9.7 billion, five-year AI cloud services agreement with Microsoft, which includes a 20% upfront deposit and involves deploying NVIDIA's GB300 GPUs at IREN's Texas campus [3]. Group 2: Market Validation - JPMorgan analyst Reginald Smith described the Microsoft deal as a "validation" of IREN's strategic shift towards AI cloud services, surprising skeptics and marking a pivotal moment in the company's evolution beyond Bitcoin [4]. Group 3: Future Outlook - IREN is expected to report its first-quarter results soon, with investors keen on details regarding deal phasing, GPU deployment timelines, and funding plans for its $5.8 billion partnership with Dell Technologies [5]. - The company's shift from mining to AI is seen as a potential blueprint for survival in the post-crypto landscape, with IREN stock being one of the most successful trades for Jones in 2025 [5].