Core Insights - IREN Limited's shares surged by 77.2% in September, driven by increased projections for AI computing demand and the company's strategic positioning in the AI cloud market [2][3]. Company Performance - IREN, transitioning from Bitcoin mining to a "neocloud" model, reported its fiscal fourth-quarter results at the end of August, achieving Nvidia's "preferred partner" status, which positively impacted its stock [3]. - The company announced a doubling of its GPU supply in September, leading to an increase in its revenue projections for the end of the year [4][9]. Revenue and Forecasts - IREN's revenue from its AI cloud data center business was $2.4 million in August, a slight increase from $2.3 million in July, but the company expects this to grow by 8 to 10 times by December [5][6]. - Following significant announcements from Oracle and Nvidia regarding AI computing investments, IREN raised its AI cloud annualized revenue run-rate guidance to $500 million by January, up from a previous forecast of $250 million [7][9]. Market Demand - The demand for AI computing is underscored by Oracle's $455 billion future performance obligations and Nvidia's $100 billion investment in OpenAI, indicating a potential supply tightness for AI chips and power [7][8]. - IREN's existing power capacity of 2.91 GW, along with an additional 750 megawatts contracted, positions the company to meet the high demand for AI computing resources [8].

The AI neocloud rallied as today's OpenAI-AMD deal encouraged investors over insatiable AI computing demand.Shares of Iren Limited (IREN 14.84%) rallied 11.2% on Monday, as of 12:23 p.m. ET.Iren is one of several former Bitcoin miners with established GPU-filled data centers currently converting its data center fleet to become an artificial intelligence (AI) neocloud.Today, another massive deal between OpenAI and the semiconductor ecosystem increased everyone's estimates for the computing demand over the ne ...

Core Insights - U.S. stocks exhibited mixed performance, with the Nasdaq Composite increasing by over 100 points on Monday [1] - Comerica Incorporated's shares surged 15.7% to $81.64 following the announcement of its acquisition by Fifth Third Bancorp for $10.9 billion [1] Company Performance - Critical Metals Corp. saw a significant increase in shares, jumping 78.8% to $14.27 after securing a $35 million securities purchase agreement [3] - Pioneer Ltd experienced a gain of 51.2%, reaching $7.18 [3] - Arteris, Inc. shares rose by 31.7% to $14.47 [3] - Advanced Micro Devices, Inc. surged 27.6% to $210.18 due to a multi-year partnership with OpenAI involving 6 Gigawatts of AMD GPUs and a warrant for up to 160 million shares [3] - Kopin Corporation's shares increased by 25.5% to $3.5391 following a $41 million PIPE financing announcement [3] - Sanmina Corporation rose 23.6% to $140.99 [3] - HIVE Digital Technologies Ltd. gained 23.2% to $5.48, with a 138% year-over-year increase in September Bitcoin output [3] - Eightco Holdings Inc. rose 21.1% to $9.98 [3] - Heidrick & Struggles International, Inc. jumped 19.8% to $58.31 after announcing a definitive agreement for acquisition valued at $1.3 billion [3] - Solid Power, Inc. increased by 19.4% to $5.16 [3] - UiPath Inc. rose 14.6% to $14.78 [3] - Diginex Limited gained 13.6% to $18.70 after completing the acquisition of Matter DK ApS [3] - Riot Platforms, Inc. rose 12.2% to $21.81, with an analyst maintaining an Overweight rating and raising the price target from $22 to $26 [3] - Eos Energy Enterprises, Inc. increased by 13.1% to $14.25 following a strategic partnership announcement with Unico [3] - IREN Limited jumped 10.6% to $55.84 [3] - Lumen Technologies, Inc. gained 10.3% to $7.24 [3] - Archer Aviation Inc. rose 9.9% to $12.72 [3]

Core Viewpoint - Cryptocurrency-related stocks in the US experienced significant gains, driven by a surge in Bitcoin and Ethereum prices [1] Group 1: Stock Performance - IREN Ltd (IREN.US) rose over 11% [1] - Bitmine Immersion Technologies (BMNR.US) increased by more than 8% [1] - Riot Platforms (RIOT.US) saw a rise of over 9% [1] - Bullish (BLSH.US) gained over 5% [1] - Strategy (MSTR.US) was up 2.7% [1] - Circle (CRCL.US) increased by more than 1.8% [1] Group 2: Cryptocurrency Price Movement - Bitcoin surpassed the $125,000 mark [1] - Ethereum experienced an intraday increase of nearly 3% [1]

Core Insights - IREN Limited is transitioning from a crypto mining company to a significant player in AI infrastructure, with a notable price target increase from Roth/MKM from $35 to $82, indicating potential for nearly double the stock price [1][2] - The company's market capitalization stands at $13.72 billion, and it operates data centers powered by 100% renewable energy across multiple countries [3] Stock Performance - IREN stock has surged by 473% year-to-date, reflecting the market's positive reception of its AI infrastructure focus and GPU expansion [4] - The stock reached a 52-week high of $44.25 on September 23, following announcements of increased GPU purchases and AI cloud capacity, and has continued to rise, hitting $52.19 on October 3 [5] Valuation Metrics - Currently, IREN stock is trading at 66.85 times forward earnings, which is considered a premium valuation compared to the sector median [6] Expansion Plans - IREN has announced a significant expansion of its AI cloud infrastructure, acquiring an additional 12,400 GPUs for approximately $674 million, effectively doubling its GPU fleet to around 23,000 [7] - This expansion aims to achieve an annualized AI cloud run rate exceeding $500 million by the first quarter of fiscal 2026 [7]

IREN Limited (NASDAQ:IREN) shares reached a new all-time high on Friday after the stock climbed more than 21% this week driven by retail investor optimism. IREN stock is climbing. See the real-time price action here. Last week, investor and co-founder of Tiny Capital Andrew Wilkinson called IREN a "Picasso at a garage sale," implying that the stock was significantly undervalued despite its 400% gains this year. He shared his thesis on IREN in a post on X. Bull Case Wilkinson believes IREN's shift to a cloud ...

Group 1 - IREN Limited (NASDAQ:IREN) is recognized as one of the best stocks to invest in according to WallStreetBets, with a bullish rating maintained by Bernstein analyst Gautam Chhugani, who raised the price target to $75 from $20 [1][2] - The company's strategic advancements include developing its own AI cloud vertical and investing in capital expenditures, setting it apart from competitors that rely on co-location deals with AI Cloud partners [1] - Despite initial skepticism regarding its strategy execution due to increased capital requirements and competition, significant progress has been acknowledged, particularly in scaling Bitcoin mining operations and optimizing returns from its power portfolio [2]

IREN Limited (NASDAQ:IREN) is one of the best performing ASX stocks in 2025. On September 22, the company said it had doubled its GPU fleet to 23,000 units after acquiring 12,400 more GPUs for about $674 million. The expanded fleet now includes a mix of NVIDIA H100s & H200s (1,900), NVIDIA B200s & B300s (19,100), NVIDIA GB300s (1,200), and AMD MI350Xs (1,100). IREN (IREN) Doubles GPU Fleet to 23,000, Raises Revenue Target IREN raised its annualized run-rate revenue (ARR) target for its AI Cloud segment t ...

The datacenter business is seeing something extraordinary with IREN. IREN's compute capacity increased from 1.1 exahash to 50 exahash in just three years. This is world-class engineering execution that indicates this company has something much more valuable"AWS Certified AI Practitioner Early Adopter"I am a DevOps Engineer for a major, wholly owned subsidiary of a large-cap Fortune 500. I am a true subject-matter expert on the actual buildout, deployment, and maintenance of AI tools and applications. I have ...

Core Insights - IREN stock has increased nearly four times year-to-date to approximately $42, despite a recent 10% drop following a downgrade by JPMorgan from neutral to underweight [2] - The company has transitioned from being solely a Bitcoin miner to a provider of AI cloud infrastructure, which has contributed to its stock surge [3] - IREN benefits from low energy costs, fully powered by renewable energy, with average electricity costs at approximately $0.033 per kilowatt-hour, positioning it as one of the lowest-cost operators in the sector [4] Business Model and Growth - IREN operates a dual business model: Bitcoin mining provides consistent cash flow, while AI cloud services offer significant growth potential, with a target of approximately $500 million in run-rate cloud revenue by Q1 2026 [5] - Revenues have surged from $60 million in FY'22 to about $501 million in FY'25, with forecasts indicating over 120% annual growth for FY'26 and FY'27, projecting sales to exceed $2.45 billion by FY'27 [6] - The company has expanded its AI Cloud capacity to approximately 23,000 GPUs and ordered an additional 12,400 GPUs at a cost near $674 million, while controlling around 3 gigawatts of low-cost power capacity [7] Valuation and Market Position - The stock is currently valued at roughly 43 times its forward earnings and about 10 times its forward sales, reflecting the premium investors are paying for anticipated growth [8] - The competitive landscape includes established cloud service providers and other cryptocurrency miners, with notable execution risks and potential stabilization in demand growth for computing resources over time [8]