IREN stocks poised to double as AI cloud business explodes

In Poland, September 2, 2025, IREN, a company historically known for Bitcoin mining, is undergoing significant transformation towards becoming a leader in AI infrastructure. Revenue figures indicate impressive growth, with the latest reports showing a substantial 168% year-over-year increase to $501 million in fiscal 2025. Projections estimate that by 2027, revenue could triple to approximately $1.5 billion, placing IREN among the fastest-growing companies within AI infrastructure. The shift from its traditional business model presents considerable opportunities for valuation support and burgeoning market interest. The underlying growth drivers of IREN's transformation primarily stem from the rapid expansion of its AI cloud services. An emerging engine of growth, AI cloud efforts are notable for their near-100% GPU utilization coupled with EBITDA margins exceeding 50%. Projects in the pipeline, including the 50MW Horizon 1 liquid-cooled data center and the significant 1,400MW Sweetwater 1 facility, position IREN as a pivotal player in the sector. These developments suggest a substantial foundation for the company, boosting its visibility amongst investors. Challenges persist despite the strong momentum. While transitioning from Bitcoin mining, which still constitutes 97% of revenue, the company is maneuvering through a highly competitive landscape in the AI market. These competitive pressures raise concerns about potential obsolescence and highlight the innate risks associated with heavy reliance upon a singular revenue stream. Moreover, historical volatility and exposure to cryptocurrency markets continue to loom as significant threats to growth, necessitating careful navigation by IREN's leadership. Investors may find IREN appealing for its dual exposure strategy, addressing ongoing Bitcoin adoption alongside its burgeoning AI cloud services. IREN's investments in low-cost energy sources, combined with its collaboration with prominent technology partner NVIDIA, underline its potential for strategic value creation. Ultimately, with revenue projected to significantly triple by 2027, the prospect exists for a stock price exceeding $50, provided that no substantial multiple compression occurs amidst evolving market conditions.