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IREN Limited: A Data Center Power Play in Rebound Mode

Investing.com Logo Investing.com By Thomas Hughes
IREN Limited: A Data Center Power Play in Rebound Mode

IREN Limited, a Bitcoin-focused data center operator, is experiencing a rebound in early 2026 after significant volatility in 2025. The company is shifting focus to AI infrastructure with a $9.7 billion Microsoft contract and two new high-performance computing facilities. Analyst sentiment has improved with over 60% Buy ratings and price targets suggesting 45-100%+ upside potential. Institutional accumulation and declining short interest position the stock as a potential short-squeeze candidate ahead of Q2 earnings in early February.

Insights
IREN   positive

Company is transitioning to high-growth AI infrastructure with major Microsoft contract ($9.7B), showing strong analyst sentiment (60%+ Buy ratings), institutional accumulation, declining short interest, and forecasted 90%+ revenue growth with potential for earnings beat in Q2 2026.