NasdaqGS:IRENSoftware
Assessing IREN Limited’s Valuation After Major Microsoft AI Cloud Contract And Business Shift
IREN (NasdaqGS:IREN) is back in focus after filing a US$660.975 million shelf registration for 17,500,000 ordinary shares, tied to an ESOP related offering, shortly after securing a multi year AI cloud contract with Microsoft.
See our latest analysis for IREN.
At a share price of US$46.03, IREN has had a mixed few months, with a 14.7% 1 month share price return but a 33.8% 3 month share price decline, while the 1 year total shareholder return of about 4.4x reflects longer term momentum around...