$Iris Energy Ltd(IREN)$ Curren

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$Iris Energy Ltd(IREN)$ Currently one of the most undervalued BTC Minining company in the space. Operating at 21 EH/s with power efficiency of 16J/THs, on track to expanding to 31 EH/s at 15 J/THs in 5-6 weeks. Huge power porfolio of 1.4 GWs to be energized in April 2026, which will most likely result in a huge AI/HPC deal (co-location/leasing/sale) with a Hyperscaler.

Fastest expanding BTC miner in 2024, with one of the lowest cost to mine BTC (~$22-24k electricity cost to mine each BTC). 51 EH/s in 2025.

Price Target for 2024 Nov : $14-18 (Pre earnings call)

Price Target for 2024 EOY : $24-34 (30+ if HPC/AI deal announced in next 4 weeks)

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BTC_Sandy
·10-23
Damnnn agree. Miners have very large room to grow
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