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IREN’s AI Cloud Expansion Boosts Targets to $82

9/26/2025

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Summary

Story summary

Roth Capital raises IREN's target to $82 on AI Cloud expansion and GPU fleet at 23,000.
IREN targets over $500M ARR from AI Cloud by Q1 2026, backed by $674M GPU investment.
Arete Research initiates Buy with a $78 target. Bernstein raises target to $75.
FY2025 revenue $501M and net income $86.9M; EBITDA projections $611.8M (2026) and $1.82B (2027).

History

Historical Context

IBM's Watson's victory in Jeopardy! in 2011 marked a pivotal moment in AI, igniting significant investments in technology. By 2011, NVIDIA reported a 50% surge in GPU sales, reflecting the growing demand for AI capabilities. Today, IREN's $674 million GPU investment and projected $500 million ARR by 2026 highlight the ongoing evolution towards AI-driven revenue models across various industries.

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Story summary

Roth Capital raises IREN's target to $82 on AI Cloud expansion and GPU fleet at 23,000.
IREN targets over $500M ARR from AI Cloud by Q1 2026, backed by $674M GPU investment.
Arete Research initiates Buy with a $78 target. Bernstein raises target to $75.
FY2025 revenue $501M and net income $86.9M; EBITDA projections $611.8M (2026) and $1.82B (2027).

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