Iren's AI Cloud Pivot Is Exploding -- Could This 500% Winner Help Turn $100,000 Into $1 Million by 2036?
2026-04-19 06:20:00 ET
Most experts agree we are still in the early innings of the artificial intelligence revolution, with companies providing artificial intelligence (AI) computing seeing outsize demand . Among those AI companies are the "neoclouds," which provide AI data centers to AI companies and cloud infrastructure players alike.
Among the neoclouds, Iren Limited (NASDAQ: IREN) stands out for its vertical integration . That means it owns the land and the data centers it's building and will run those data centers if the client wishes.
Iren was among the first to lock up power-connected land, years before the AI boom, when it was a Bitcoin miner. But after Iren converted its assets to AI computing, the stock skyrocketed, up a whopping 775% over the past year.
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