Wall Street is re-evaluating $

Wall Street is re-evaluating $IREN Ltd(IREN)$ from a low-multiple Bitcoin miner into a high-margin AI Cloud infrastructure provider (securing multi-billion-dollar enterprise contracts with Microsoft and other AI labs). However, lingering crypto sentiment and ongoing equity issuance to fund capital expenditure keep capping rallies near the 200-day EMA ($45.65), creating high-volatility ranges rather than a clean linear trend.

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