Citizens Initiates Market Outperform on IREN Limited (IREN) as it Shifts Focus from Bitcoin Mining to AI High-Performance Computing

1 day ago 4

Sheryar Siddiq

Sat, November 29, 2025 astatine 12:29 PM CST 1 min read

REN Limited (NASDAQ:IREN) ranks among the best abbreviated compression stocks to bargain close now. On November 19, Citizens began sum of IREN Limited (NASDAQ:IREN) with a $80 terms people and a Market Outperform rating. The steadfast emphasized IREN’s strategical displacement from bitcoin mining to providing services successful the AI industry’s high-performance computing (HPC) segment, emphasizing the company’s “different attack with important powerfulness supply.”

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This comes aft IREN Limited (NASDAQ:IREN) and Microsoft signed a notable $9.7 cardinal deal. According to the agreement, Microsoft volition employment IREN’s data-center capacity, mostly located astatine its 750-megawatt Childress, Texas facility, to grow its AI unreality services. As portion of the contract, Microsoft volition marque a 20% prepayment, and IREN Limited (NASDAQ:IREN) volition acquisition astir $5.8 cardinal successful GPUs and hardware from Dell to conscionable rollout requirements.

Citizens noted that, portion the GPUaaS exemplary offers quicker returns and greater output than accepted leasing, it “will besides apt go overmuch much competitory implicit time.”

IREN Limited (NASDAQ:IREN), a Bitcoin mining and AI information halfway institution crossed North America, provides high-performance computing infrastructure and GPU-based unreality services to enterprises and organization clients.

While we admit the imaginable of IREN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.