How IREN Is Cashing In on the AI Data Center Boom

Iris Energy rebranded as IREN in late 2024, transforming from a Bitcoin miner into an AI infrastructure company. The company has secured major contracts worth over $15 billion with Microsoft, Nvidia, and other customers, operating 800+ MW of data center capacity. Analysts project IREN's revenue will surge from $510 million in 2025 to $6.20 billion by 2028, with the stock rallying over 270% since rebranding and appearing reasonably valued at 5x estimated 2028 EBITDA.

08/17/2026, 2:10 PM • The Motley Fool

Why Iren Stock Topped the Market on Thursday

Iren stock rose nearly 3% after announcing it delivered its first AI compute deployment to Microsoft under a $9.7 billion five-year cloud services contract. The Horizon 1 deployment in Texas is the first of four stages, and Nvidia certified the system architecture. Iren maintained its capacity targets of 480 megawatts by 2026 and 1.2 gigawatts by 2027.

08/13/2026, 4:15 PM • The Motley Fool

Mark Cuban Compared Nvidia to a Dot-Com-Era IPO Machine "Funding Everyone and Anyone." Here's What That Means for AI Stocks.

Mark Cuban warned that Nvidia is functioning like a dot-com-era IPO machine, funding AI companies across the ecosystem. While Nvidia's investments may support future demand, companies like CoreWeave, Nebius, and Iren face significant risks as they burn cash on capital expenditures far exceeding their revenues. AI companies that can self-fund from operations are better positioned than those dependent on external financing.

08/09/2026, 8:30 PM • The Motley Fool

3 Big Takeaways From Microsoft's Earnings

Microsoft reported strong fiscal 2026 Q4 earnings with 18% revenue growth driven by cloud computing, causing shares to surge 16%. The company expects positive free cash flow in fiscal 2027 despite high AI infrastructure investments. Microsoft emphasized that CPUs are equally important as GPUs for agentic AI, signaling a shift in compute capacity ratios and benefiting CPU manufacturers.

08/03/2026, 4:15 AM • The Motley Fool

Better AI Infrastructure Stock: IREN or Nebius?

The article compares two AI infrastructure stocks: IREN and Nebius. IREN offers more secured power capacity while Nebius has secured valuable hyperscaler contracts. The analysis examines whether IREN's upside potential justifies its dilution risk and whether Nebius's execution advantage warrants its higher valuation.

07/25/2026, 11:32 AM • The Motley Fool

2 Millionaire-Maker AI Stocks to Hold for the Next Decade

The article identifies CoreWeave and Iren as potential multibagger AI stocks in the emerging neocloud sector. CoreWeave leads with a $99 billion backlog and Nvidia partnership but faces high capex spending and $25 billion debt. Iren, a Bitcoin miner transitioning to neocloud, owns its facilities near clean energy sources with lower debt but lacks Nvidia partnership. Both stocks are positioned for significant growth with forecasted revenue increases of 147% and 302% respectively, though they carry execution risks.

07/25/2026, 5:05 AM • The Motley Fool

How the Potential $10 Billion Compute Lease Deal Between Meta Platforms and Anthropic Affects Neocloud Stocks

Meta Platforms is reportedly in early-stage talks with Anthropic for a $10 billion compute lease deal over 2 years, raising concerns among neocloud investors about potential competition. However, Meta's own massive compute needs and the strong demand from AI developers suggest neoclouds like Nebius, CoreWeave, and Iren can diversify their customer bases and secure long-term contracts ahead of potential hyperscaler competition.

07/22/2026, 3:12 AM • The Motley Fool

Why Penguin Solutions May Be the Smartest AI Infrastructure Stock

Penguin Solutions is positioned as a lower-risk AI infrastructure play compared to competitors like Nebius, Iren, and Applied Digital. The company reported Q3 fiscal 2026 revenue growth of 48% to $479 million, beating consensus by $55 million, with strong margin expansion and record operating income. Guidance was raised significantly with full-year revenue growth now expected at 22%. Strong institutional ownership (97%) and bullish analyst sentiment support the stock, though valuation at 35x earnings is elevated.

07/09/2026, 12:38 PM • Investing

Why TeraWulf, IREN, and Other Data Center Stocks Jumped Today

TeraWulf surged after securing a blockbuster 20-year, $19 billion deal with AI company Anthropic for 401 megawatts of computing capacity at its Kentucky data center. IREN also jumped on reports it could secure a similar lucrative agreement with Anthropic for up to 1.4 gigawatts of Australian data center capacity valued at $15 billion. Both stocks benefited from strong demand for AI infrastructure.

07/06/2026, 10:14 PM • The Motley Fool

3 No-Brainer Stocks to Buy on the Latest Sell-Off

The article recommends three growth stocks that have recently declined but offer strong long-term potential: Meta Platforms benefits from solid fundamentals and new AI cloud business opportunities; Nvidia continues to lead the AI boom with strong revenue growth and a new revenue-sharing model with AI startups; and Iren, despite short-term challenges and dilution concerns, has significant compute capacity and potential for major deals similar to competitors.

07/06/2026, 11:15 AM • The Motley Fool

3 Artificial Intelligence (AI) Stocks I'd Buy Now and Never Sell

The article recommends three AI stocks for long-term investment: Arm Holdings for its energy-efficient chip architecture dominating data centers, IREN for its data center capacity expansion with major contracts from Microsoft and Nvidia, and Nvidia for its leadership in AI hardware and diversified revenue streams. With Morgan Stanley projecting $3 trillion in global data center construction costs through 2028, these companies are positioned to benefit from sustained AI infrastructure growth.

06/28/2026, 12:05 AM • The Motley Fool

An Ex-OpenAI Researcher With $20 Billion Just Built a Neocloud Trifecta: Here Are the 3 Stocks He's Buying.

Leopold Aschenbrenner's Situational Awareness hedge fund, which has returned over 1,000% since September 2024 and manages $20 billion, is investing heavily in three neocloud companies: Nebius, CoreWeave, and IREN. These specialized AI infrastructure providers are positioned to benefit from the neocloud market's projected 58% CAGR growth through 2031, as they offer faster and cheaper AI processing than traditional hyperscalers. Despite explosive growth potential, all three trade at surprisingly low valuations relative to next year's sales.

06/18/2026, 3:12 PM • The Motley Fool

IREN Completes Acquisition of Nostrum Group Expanding AI Cloud Platform to Europe

IREN Limited has completed its acquisition of Ingenostrum (Nostrum Group), a Spain-based AI data center developer, marking the company's entry into the European market. The deal brings approximately 490MW of secured grid-connected power in Spain, a development pipeline, and a team of 50+ professionals. This acquisition positions IREN to capitalize on rapidly growing AI infrastructure demand in Europe.

06/15/2026, 7:00 AM • GlobeNewswire

Iren's Ability to Rapidly Scale Its Data Center Footprint Makes It a Long-Term Winner

Data center operator Iren has doubled its gigawatt pipeline to 5.8 GW in less than six months through major acquisitions and deals, including a $3.4 billion contract with Nvidia. The company's $11.33 million per megawatt annual rate suggests potential for $65.7 billion in recurring revenue, though significant execution risks remain in converting capacity into operating, profitable data centers.

06/10/2026, 6:13 PM • The Motley Fool

Massive News: Iren's $4.4 Billion AI Target Could Change Everything

Iren is positioning itself as a major AI infrastructure player with Blackwell systems and data center capacity, targeting multibillion-dollar revenue. While execution could deliver powerful upside, the stock's current valuation already reflects high expectations for success, leaving limited margin for error.

06/09/2026, 10:30 AM • The Motley Fool