IREN Ltd.: Billion-Dollar Contracts and Analyst Upgrades Support the Transition to an AI Infrastructure Provider

New AI cloud contracts worth $2.8 billion with developers like Microsoft, NVIDIA, and Perplexity drive the strategic realignment of IREN Ltd. (IREN) (i.). H.C. Wainwright has reacted to this by maintaining the rating at "Buy" and raising the price target from $85 to $90. Strategic Shift: From Bitcoin Mining to AI Cloud The company IREN Limited is currently undergoing a strategic transformation. While the company was primarily known as a Bitcoin miner and achieved a target of an installed hashrate of 50 exahashes per second (EH/s) in June, the...