IREN's Bold Moves in Sustainable Bitcoin Mining & AI Data Centers

Published
23 Sep 24
Updated
06 Aug 25
BlackGoat's Fair Value
US$26.54
26.2% undervalued intrinsic discount
06 Aug
US$19.59
Loading
1Y
141.9%
7D
2.7%

Author's Valuation

US$26.5

26.2% undervalued intrinsic discount

BlackGoat's Fair Value

Shared on06 Aug 25

August 2025 Update: Relentless Execution, Mounting Optionality Since my last update, Iris Energy has continued to execute with precision. July’s operational update confirms the company remains firmly on track, scaling both its Bitcoin and AI infrastructure with discipline and speed.

Shared on03 Jul 25
Fair value Increased 64%

Since publishing my initial thesis on Iris Energy, the company has exceeded expectations across all key dimensions. As a result, I am raising my fair value estimate from $16 to $26 per share , reflecting stronger conviction in the company’s emerging AI infrastructure business and its scalable data center blueprint.

Shared on22 Nov 24

BlackGoat made no meaningful changes to valuation assumptions.