Iris Energy Stock News

Investors are on edge as the S&P 500 dropped below its 50-day moving average for the first time since the tariff tantrum back in April. But if you've been actively trading these markets, you've likely noticed trouble brewing for a few weeks as speculative assets like AI stocks and Bitcoin have plummeted while gold and safer sectors soar.

Iren has been seeing extraordinary revenue growth. A slowdown in AI spending would dent that trajectory.

IREN secured 3 GW of power capacity, giving it a structural advantage amid nationwide interconnect delays and hyperscaler grid constraints. The Microsoft deal delivers $1.94 billion ARR with ~85% project margins, funded by a $1.9 billion prepayment and GPU financing. Childress expands to 200 MW liquid-cooled capacity in 2026–2027, with rack densities up to 200 kW for next-gen GPUs.

The AI infrastructure sector is going through a rough patch, with shares of high-flyers like CoreWeave ( NASDAQ:CRWV ), Nebius Group ( NASDAQ:NBIS ) and other “neocloud” providers tumbling amid valuation fears, potential delays in hyperscaler spending, and broader market rotation away from growth names.

Cipher Mining (CIFR) and IREN Limited (IREN) were pure Bitcoin miners before, and they're now pivoting to AI/data center infrastructure, but with distinct business models and risk profiles. IREN is aggressively scaling GPU cloud capacity and secured a $9.7B Microsoft contract, but faces high CAPEX, dilution risk, and margin pressure from competitors. CIFR's landlord-style model, with long-term ...

Developers desperately need access to electricity—and bitcoin miners are in a prime position to assist.

My thesis rests mainly on IREN's AI Cloud ramp: a $9.7B Microsoft deal targeting $1.9B ARR, and total AI Cloud ARR guided to $3.4B by year-end 2026. The moat of IREN is its power contracts. 140K GPUs by 2026 will use only 16% of 2.91GW secured power, including 2.75GW of West Texas grid connections. The AI cloud segment is still in its early stage. Q1 FY26 revenue of this segment was only 3% of ...

Iren Limited (IREN) is a rapidly growing dual data center business with a unique blend of Bitcoin mining and AI/HPC hosting operations. IREN's vertical integration, secured 2.9GW power capacity, and strong financing position it well for future growth, despite recent share price volatility. Valuation suggests significant upside potential if execution matches guidance, with a forward P/S ratio be...