Iren Ltd.: JPMorgan Sees a Price Target of $65 and the Nvidia Alliance Shapes the Market!
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JPMorgan upgrades Iren Ltd. (IREN) to "Overweight" and sees a price target of $65. The business model is transforming into a neocloud provider through a $3.4 billion Nvidia partnership. Supply constraints strengthen Iren's market position as the company already has secured infrastructure in place. Transformation into a Neocloud Provider in a Challenging Market Environment Iren Ltd. (IREN) is currently undergoing a strategic reorientation from being a pure Bitcoin miner to a provider of high-performance data centers, referred to as neoclouds....
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