IREN Limited: A Speculative Gem In The AI Cloud Landscape

Core Insights - IREN Limited, formerly known as Iris Energy, has transitioned from a Bitcoin mining company to a renewable-powered AI cloud and data center, attracting investor interest in late 2024/early 2025 [1] Company Overview - The company initially focused on Bitcoin mining but has successfully pivoted to a new business model centered around renewable energy and AI technology [1] Industry Trends - The shift towards renewable energy and AI in data centers reflects broader industry trends emphasizing sustainability and technological advancement [1]