• Bernstein reduce IREN’s worth goal to $100 from $125 however stored the inventory as its prime decide amongst AI-focused Bitcoin miners.
  • IREN has contracted 150,000 GPUs, with half tied to Microsoft’s five-year US$9.7 billion cloud deal.
  • The corporate says the complete GPU fleet might help greater than US$3.7 billion of annualised AI Cloud income by the top of 2026.

IREN remained Bernstein’s prime AI-focused Bitcoin miner even after the dealer reduce its worth goal to US$100 (AU$144), as analysts pointed to the corporate’s Microsoft-backed GPU growth and US$3.7 billion (AU$5.33 billion) income goal because the centre of its post-mining story.

In accordance with a report from DLnews, Bernstein lowered the goal from US$125 (AU$180) whereas protecting IREN as its most well-liked title amongst miners pivoting into AI infrastructure. 

The observe positioned IREN at US$50.64 (AU$72.92), under a 52-week excessive of US$76.87 (AU$110.69), however nonetheless up 674% over the prior 12 months.

Bernstein’s case rests on contracted and deliberate GPU capability fairly than Bitcoin mining alone. The dealer stated IREN had contracted 150,000 GPUs able to supporting US$3.7 billion (AU$5.33 billion) in annual recurring income at full deployment by the primary quarter of calendar 2027.

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Microsoft and IREN’s AI Shift

IREN’s AI cloud shift accelerated in November when the corporate signed a five-year GPU cloud companies contract with Microsoft value roughly US$9.7 billion (AU$13.97 billion), together with a 20% prepayment. IREN stated the settlement offers Microsoft entry to NVIDIA GB300 GPUs deployed in phases by means of 2026 at its 750MW Childress, Texas campus.

The Microsoft deployment is tied to new liquid-cooled knowledge centres anticipated to help 200MW of vital IT load. IREN additionally signed a Dell Applied sciences buy settlement for GPUs and ancillary gear value roughly US$5.8 billion (AU$8.35 billion).

IREN co-founder and co-CEO Daniel Roberts said that the Microsoft deal validated the corporate’s vertically built-in AI Cloud platform. 

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