IREN's Trump Card: How Federal Policy Could Unlock Massive Value in AI Infrastructure

ZD

Invested

Community Contributor

Published

25 Sep 25

Updated

13 May 26

Views

2k

13 May

US$59.78

Zdend's Fair Value

US$125.00

52.2% undervalued

1Y

547.0%

7D

25.2%

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1Y

547.0%

7D

25.2%

You can edit this narrative until May 14 6:10 AM. Then, changes will post as Updates.

Author's Valuation

US$12552.2% undervalued

Zdend's Fair Value

Shared on 13 May 26

Fair value Increased 74%

The Grid is Locked: Why IREN Just Became the "Gatekeeper" of Texas AI

Texas is making it much harder for new big power-hungry AI sites to connect to the grid, and IREN says it’s already locked in its place ahead of the line. The company also ties up a major NVIDIA deal and buys Mirantis to run the software layer, aiming to shift from renting out power and space to selling a full managed AI cloud service.

107 views

Shared on 20 Feb 26

Navigating the Transition Amidst Bitcoin Volatility

Bitcoin’s pullback hits IREN’s mining-heavy cash flow and drags recent results, even as the company spends heavily to pivot its sites toward AI customers. The AI cloud business is ramping fast, and the upcoming Sweetwater power-on date—backed by a major Microsoft deal and fresh funding—becomes the key near-term make-or-break moment.

109 views

Shared on 23 Jan 26

Fair value Increased 26%

From Policy Play to AI Infrastructure Powerhouse

IREN locks in a major long-term partnership with Microsoft, turning its Texas power sites into a real build-out for AI computing rather than just a policy bet. With its flagship Sweetwater expansion nearing a key go-live moment, the big question is whether IREN can deliver the hardware and power on time to keep that momentum going.

292 views

Valuator

Company Info

Notes

Zdend'sFair Value

US$125

52.2% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

%

Decrease

Increase

Forecast revenue growth rate

48.40%

Historical revenue growth rate

62.12%

Software revenue growth rate

1.55%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

8.67%

Calculation

US$2.91b

Earnings '29

x

25.00x

PE Ratio '29

=

US$72.84b

Market Cap '29

US$72.84b

Market Cap '29

/

437.80m

No. shares '29

=

US$166.38

Share Price '29

US$166.38 Share Price '29

Discounted to 2026 @ 10.00% p.a.

=

US$125.00

Fair Value '26