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IREN Stock Is Up Almost 60% YTD — Is There Room for Another Run?

Shares of Australian AI cloud firm IREN Limited (IREN) have jumped by almost 60% year-to-date (YTD), riding on the back of its customer and capa...

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markets.businessinsider.comStai leggendo4 g fa

IREN Stock Is Up Almost 60% YTD — Is There Room for Another Run?

IREN closed $5.5B Nvidia AI infrastructure deal and acquired Spanish data center operator, reaching 5 GW capacity across three continents. The pivot from Bitcoin mining to integrated AI cloud positions IREN as consolidator for enterprises requiring distributed compute.

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cryptobriefing.com5 g fa

Jefferies projects IREN's AI cloud business to outperform data center leasing with 30% upside

Jefferies initiated IREN coverage with a Buy rating and $79 target, projecting 30% upside as the former Bitcoin miner pivots to AI cloud services with 6 GW

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Timeline cronologica

giovedì 18 giugno 2026·cryptobriefing.com
IREN faces $21B funding gap to transition to AI infrastructure
IREN faces a $21B funding gap as it pivots from Bitcoin mining to AI infrastructure, juggling massive Microsoft and NVIDIA contracts against dilution risks.
giovedì 18 giugno 2026·theblock.co
Jefferies expects IREN's AI cloud business to outpace data center leasing, sees 30% upside
Jefferies estimates that only about 10% of IREN's roughly 6 gigawatt global power portfolio is being utilized.

IREN Stock Is Up Almost 60% YTD — Is There Room for Another Run?

Jefferies projects IREN's AI cloud business to outperform data center leasing with 30% upside

Timeline cronologica

IREN faces $21B funding gap to transition to AI infrastructure

Jefferies expects IREN's AI cloud business to outpace data center leasing, sees 30% upside

Jefferies expects IREN's AI cloud business to outpace data center leasing, sees 30% upside

Jefferies projects IREN's AI cloud business to outperform data center leasing with 30% upside

IREN Stock Is Up Almost 60% YTD — Is There Room for Another Run?