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IREN LimitedIREN LimitedIREN Limited

IREN Limited

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IREN trade ideas

IREN: Strong Growth, AI Expansion & Massive UpsideIREN ( NASDAQ:IREN ) just reported Q2 FY2025 earnings, showing huge revenue and profit growth: Revenue doubled QoQ to $119.6M (vs. $54.4M in Q1). Adjusted EBITDA jumped to $62.6M (vs. $2.6M in Q1). Net profit of $18.9M, recovering from a $51.7M loss in Q1. Bitcoin mining remains IREN’s core revenue driver, with 1,347 BTC mined (+65% QoQ) and mining revenue up 129% to $113.5M. Meanwhile, AI cloud revenue dipped slightly to $2.7M. Financially, IREN is in a strong position with $427.3M in cash, lower electricity costs per BTC ($21,418 vs. $35,359 in Q1), and total assets growing to $1.85B. The company also raised $440M via convertible notes at 3.25% interest to fund expansion. The AI & Compute Opportunity Beyond Bitcoin, IREN is aggressively expanding into AI and high-performance computing (HPC) with its Texas hyperscale data centers: Childress (750MW): New 75MW liquid-cooled AI/HPC data center in development. Sweetwater (1.4GW): Expanding to 2GW total with the Sweetwater 2 project (600MW). Mining capacity increased 50% to 31 EH/s and is on track for 52 EH/s by 2025. Massive Valuation Gap Despite strong growth, IREN trades at a low multiple (~4.6x 2024 EBITDA), which could drop to ~2.5-4x as Texas sites go live in 2025/26. Sweetwater alone is projected to generate SEED_TVCODER77_ETHBTCDATA:2B + in annual free cash flow—more than IREN’s entire current market cap ($2.3B). Applying standard data center multiples, IREN’s enterprise value could reach $20-40B—10-20x its current price, excluding the several billion in value from its Bitcoin business. Bottom Line IREN is rapidly transitioning from a Bitcoin miner to a major AI and HPC data center operator. With AI compute in high demand and limited supply, IREN’s undervalued stock could have massive upside. 🚀
NASDAQ:IRENLong
by YoloVanCoin
35% correction in 15 trading days = buy? I say yes.Like most of my trades, this is designed to be a quick flip. It doesn't always work that way, but it has (to this point) always been profitable - literally 100% of the time with $IREN. 15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:IRENLong
by redwingcoach
16
Long IREN - because Christmas is almost here.Uptrend is still intact and my algo says "buy" so that's what I'm gonna do. It hasn't let me down yet with IREN. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:IRENLong
by redwingcoach
1
Long IREN vs. the shorts?Today, a firm sent out a notice that they are short IREN so I'm going long. Their track record suggests going long when they say go short is a potentially very profitable short term strategy. They are often correct long-term, but sometimes a short wouldn't survive a margin call and short-term a contrarian long play can often yield 30-500% Some of their recent calls: Short call opening price the next day was 28.90.  Peaked at over 40 within 2 weeks.  Up over 30% in 2 weeks going long. Short - rallied 7 of the next 8 trading days for a 30% gain.Re-iterated short again about a month after the first call and the close 1 month after the second one was 14% higher.  Short - you'd have made over 400% in 7 months going long against them this time.  Even now, the price of the stock is 143% higher than when they made their short call.  Good luck on that margin call or even the interest charges on that margin for that matter. Short - they made this short call on the day of the absolute low close since the call.  It closed up over 400% less than 6 months later and is still up over 300% since the call. Short - stock rallied almost 500% in 4 months after this call... "Hello this is your broker, we're gonna need a LOT more money in your margin account". There's a bunch more but I think I've made my point.  They can be right long term, and still be very, VERY wrong short term.  Both things can be true. If you'd have shorted some of these, many people would have been wiped out by the margin calls on some of these before you could ever make money.  And you only get to get wiped out once.  Shorting is VERY dangerous. Also don't forget that margin interest runs around 8-10% now.  It's "free" to go long provided you aren't using margin to buy (I never would) and very expensive to short these stocks unless you are correct right away.  Anyone who knew ahead of time what they were shorting could make a pile on the day the news comes out, for sure.  But WE don't know what the stocks are ahead of time.  Only they do.  But there's money to be made by us regulars when those shorts have to be covered during a squeeze or they take profits.    Props to them for leaving their research up on their website and Twitter and standing by their calls.  If you have the margin call cash and the iron stones it takes to watch a shorted stock rise 500% before it falls, you can make money with some of their calls and you're a LOT braver (and richer) than I am. Shorting carries unlimited downside risk and a max gain of 100% (minus margin interest) - remember that. Don't get me wrong, I respect short side research and there's a lot of validity to some of it.  They are spectacularly correct sometimes and can do great things to protect buy and holders of individual stocks. But I'm not a long term owner of the company, just a trader of the stock.  And after doing some research, the fact is, there's a lot of money to be made short-term by trading against them.  This is the beauty of free markets - differing opinions create exploitable situations.  I'm really glad I stumbled on that news flash. And for the record, no I'm not naming the firm or the tickers they made calls on, as I don't wanna run afoul of the Tradingview's rules on using others' proprietary info, etc. I like this place too much and don't wanna get run off. You can look it all up for yourself easily enough with Google and the info I've shared here. And btw - I'm not suggesting investing in IREN or any other stock, this is just my thoughts on the matter and what I'm going to do with the information. Please make your own WISE investment decisions.
NASDAQ:IRENLong
by redwingcoach
31
IREN a fresh reviewIREN has been moving upwards swiftly due to BTC 100k Now we take a fresh look at IREN it formed a double top which is a bearish sign and hence I took profit out of IREN at the double top high that is around 15$ area So far its respecting the 50 day MA very nicely but there is a also an amazing cup formation which is leading me to think about it long term and therefore I would only now recommend entries after the 16$ barrier is breached. As of now the latest strong support is 13.60 area . and if it goes further down then get ready for a support at 9$ Technically I wouldn't recommend buying anything which is in a bear tren therefore I would only recommend buying at a breakout of 16$ Entry when a daily candle close above 16$ Stop loss would be 13$
NASDAQ:IRENLong
by vortexTradingSolutions
IREN's most important channel to watch!Hello Tradingview community! As always: If this pattern I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Alright the channel/chart explains itself as you can tell But here is my short description: This chart has been respected for 2 years now and still is - What targets do I have for EOY? Well anything from bearish 7ish to even bullish 25ish But my conservative target is 14-15 dollars EOY (NFA) BOOST and follow for more! NFA DYOR <<<-----
NASDAQ:IREN
by RandomTAdude
9
Ring the Siren, It's time to buy IREN - Targeting $45 Why am I bullish IREN? AI Cloud Services Growth: Iris Energy's AI Cloud Services division is expected to generate $32 million in annualized profits. This is a new strategic move that leverages their existing infrastructure to diversify revenue streams beyond Bitcoin mining​ Increased Bitcoin Mining Output: For September 2024, Iris Energy mined 347 Bitcoin, with an average hashrate of 16.5 EH/s. The company continues to expand its mining capacity, contributing to higher output​ Expansion and Partnerships: Iris Energy has been rapidly scaling its operations. They recently purchased NVIDIA H200 GPUs to support their AI cloud business, and they extended a contract with Poolside to upsize their AI Cloud Services, enhancing their overall service portfolio​ These factors indicate both short-term revenue boosts and longer-term strategic growth, making IREN an attractive play in both crypto mining and AI infrastructure sectors.
NASDAQ:IRENLong
by TheTraderAndy
4
$IREN - time to go miningNASDAQ:IREN - the perfect chart doesn't exist, or does it? After the substantial sell off from the July high, IREN has now retraced 50%. There is a beautiful trend line from the start of the rally to around the current level. From the start of the rally in November of 2023 to the July 2024 high, a Fib Retracement has been drawn. Interestingly enough the .618 golden ratio sits at $7.84 - only 1% away from the current price. A decent earnings report and business prospects make this the perfect time to load the boat.
NASDAQ:IRENLong
by jhuey235
1
Iris Energy - Undervalued with a Growth Strategy Iris doesn't provide monthly updates so we'll have to track their growth over a quarterly basis. Here are some of the Key Highlights from the most recent update : 1.6 EH/s acquisition of new-generation Bitmain T21 miners (19 J/TH) $14/TH purchase price ($22.3 million)1 Fulfills the Company's goal of expanding self-mining capacity to 10 EH/s: Current: 5.6 EH/s operating Shipping Q1 2024: 1.4 EH/s Bitmain S21 miners Shipping Q1 2024: 1.3 EH/s Bitmain T21 miners Shipping Q2 2024: 1.6 EH/s Bitmain T21 miners 80MW expansion at Childress is on track, supporting the increase in operating hashrate from 5.6 EH/s to 10 EH/s Improved overall fleet efficiency from 29.5 J/TH to 24.8 J/TH Iris Energy is acquiring 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited for a purchase price of $14/TH ($22.3 million, payable in progressive instalments). Shipping is scheduled for Q2 2024. Iris Energy has no debt, plans to grow to 30 exahash, no HODL strategy (100% of Bitcoin mined is sold) and are also pursuing an AI strategy in 2024. I'll be interested in adding more shares if we can get back to the 5-6 area.
NASDAQ:IRENLong
by RedTeamv1
21
IREN - Full Breakout Now OnLets be real here, most BTC miners look in bad shape and this is a dicey market. Top tier miner MARA you might think is warming up, but I say it is having a dead cat bounce. So perhaps a change of guard is happening and market favour has shifted in favour of IREN. IREN is the clear winner in this area and the only clean chart. Higher time frame contraction pattern has led to a pump. And from there was a lower time frame contraction pattern into a continuing pump. These are both cause building events and now breaking above the top, the sky is the limit of how how this could go. Its not without risk though. If Bitcoin were to wobble then this could have significant downside. But currently Bitcoin looks gentle and stable which is ideal for this pump to continue. Apparently IREN is a big deal in miners. This is apparently the market favourite. Not advice.
NASDAQ:IRENLong
by dRends35
45