IREN Limited: Transforming from Bitcoin Mining to AI Infrastructure
IREN Limited is making waves in the technology and cryptocurrency industries, leveraging its expertise in AI to dominate the market. The transformation from traditional Bitcoin mining operations to developing robust AI infrastructure is setting IREN apart from its peers.
Revenue Growth Driven by Strategic Partnership
In a groundbreaking deal, IREN secured a $9.7 billion, five-year agreement with Microsoft in November 2025. This milestone partnership calls for the deployment of NVIDIA GB300 GPUs at its Childress, Texas, campus—generating nearly $1.94 billion annually in stable revenue with a remarkable 85% projected EBITDA margin.
This deal underscores IREN’s ability to diversify from volatile cryptocurrency mining into a durable, revenue-generating technological powerhouse. The move aligns with the company’s vision of becoming a leader in modern AI infrastructure, facilitated by NVIDIA’s cutting-edge GPUs.
Explosive Growth Meets Earnings Reality
Q1 of fiscal 2026 saw massive revenue growth for IREN Limited, surging 355% year-over-year to hit $240.3 million. However, earnings per share (EPS) lagged analysts’ estimates at -$0.34 compared to the expected $0.14.
Management outlined plans to energize a new Sweetwater facility by April 2026, which promises to add 1.4 gigawatts of capacity and deploy a further 140,000 GPUs by year end. With institutional investors holding 41.08% of shares, the faith in IREN’s visionary shift to AI services continues to grow.
A Top AI Pick for 2026
Bernstein analyst Gautam Chhugani recently named IREN Limited his “top AI pick” for 2026. He highlighted the company’s successful pivot from cryptocurrency operations to AI data center projects, urging investors to capitalize on the current stock price dip. The average price target among analysts reflects a potential 47% upside, with a consensus rating of “Moderate Buy.”
Ready to Invest in AI & Technology?
If you’re keen to explore investments in AI-driven companies like IREN Limited, understanding key equipment that supports these operations is crucial. For instance, NVIDIA’s A100 Tensor Core GPUs play a vital role in advancing data center technology, making them a must-have for enterprises aiming to scale AI innovations.
Keep an eye on IREN Limited as it reshapes the AI landscape while leaving a lasting impact on the tech world!
