The Artificial Intelligence (AI) Stock Wall Street Isn't Talking About -- Yet

Core Insights - Iren, an Australian company, is transitioning from Bitcoin mining to becoming a key player in AI infrastructure, gaining attention in a market dominated by major tech firms [1][2] - The company has leveraged its experience in power efficiency and high-density cooling from Bitcoin mining to support AI computational needs [3][4] - Iren's strategic pivot positions it to benefit from the growing demand for AI, as energy and computing become essential for growth in the digital economy [5] Industry Context - The emergence of "neocloud" computing is reshaping the infrastructure landscape, focusing specifically on AI workloads, contrasting with traditional cloud services [7] - Companies like CoreWeave and Oracle are also capitalizing on this trend, indicating a competitive environment for AI infrastructure [8]