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

Zdend

Invested

Community Contributor

Published

25 Sep 25

Updated

20 Feb 26

Views

1.8k

n/a

Zdend's Fair Value

n/a

598.4%

13.1%

598.4%

13.1%

You can edit this narrative until Feb 21 2:55 AM. Then, changes will post as Updates.

Author's Valuation

US$7245.4% undervalued

Zdend's Fair Value

Shared on 20 Feb 26

Navigating the Transition Amidst Bitcoin Volatility

Since the January update, the investment thesis for IREN has entered a critical "bridge" phase. While the long-term trajectory toward becoming an AI infrastructure leader remains intact, the company is currently navigating short-term headwinds caused by a dip in Bitcoin prices and the heavy capital costs of its infrastructure pivot.

103 views

Shared on 23 Jan 26

Fair value Increased 26%

From Policy Play to AI Infrastructure Powerhouse

In September 2025, the investment thesis for IREN centered on a "celestial convergence" of federal policy and data center permitting. As of January 2026, that thesis has moved from regulatory speculation to massive-scale execution.

284 views

Valuator

Company Info

Notes

Zdend'sFair Value

US$72

45.4% undervalued

Future estimation in

Revenue

Profit Margin

Future PE

Growth p.a.

Decrease

Increase

Forecast revenue growth rate

42.12%

Historical revenue growth rate

64.32%

Software revenue growth rate

1.28%

Risk Level (Discount Rate)

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

Decrease

Increase

Current discount rate

8.86%

Calculation

US$950.89m

Earnings '29

35.00x

PE Ratio '29

US$33.28b

Market Cap '29

US$33.28b

Market Cap '29

347.26m

No. shares '29

US$95.84

Share Price '29

US$95.84 Share Price '29

Discounted to 2026 @ 10.00% p.a.

US$72.01

Fair Value '26