Source

Capture context (2026-06-06): point-in-time DD posted Aug 2025 at $17.72, rated STRONG BUY. Back-dated to the post date for timeline accuracy. Called the BTC-miner→AI/HPC pivot thesis the desk now tracks (ai-power-bottleneck, IREN in ai-power) ~9 months before this capture. Raw poster claims below are not desk-verified — capture, not fact.

Hi,

I did some research on IREN and want to present the result. To be clear, I did the research myself, then ask ai to fix my reports format and sentences, while keeping all the data as it is. I also did double check all the metrics after that to make sure there are no hallucinations.

I would love to hear your view/opinion:

IREN Limited (NASDAQ: IREN)

Date: August 7, 2025 Current Price: $17.72 Market Cap: ~$3.5-4B

Business Summary

IREN Limited is transitioning from a pure Bitcoin mining company to a diversified digital infrastructure provider, combining cryptocurrency mining with AI/HPC data center services. The company has achieved record operational performance with $86M monthly revenue and 76% hardware profit margins while positioning itself as a first-mover in liquid-cooled AI infrastructure.

Company Overview

Business Segments

1. Bitcoin Mining (95% of current revenue) 50 EH/s operational capacity 728 BTC mined monthly Industry-leading efficiency at 15 J/TH
2. AI Cloud Services (5% of current revenue, rapidly grow...