Iren Ltd.: From Post-Earnings Sell-Off to $90 Target - H.C. Wainwright Sees a Buying Opportunity
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Iren Ltd. (IREN) is undergoing a strategic shift from Bitcoin mining to AI cloud infrastructure. The FY26 report confirms $4 billion in secured revenue amid a simultaneous price decline. H.C. Wainwright considers the sell-off as a buying opportunity and maintains the target price at $90. Realignment to AI Cloud Infrastructure Iren Ltd.'s (IREN) business model is transforming from crypto mining to vertically integrated cloud infrastructure for artificial intelligence. This shift addresses the structural shortage of computing power. Iren operates...
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