Morningstar has cut its fair-value estimate for AI cloud provider IREN from $43 to $37, citing rising borrowing costs and competition for capital, The Crypto Basic reports. IREN shares were down nearly 4% in Friday morning trading, according to the article.
Why it matters
The financing question is more than market mood: IREN reported $13.81…
IREN has proposed Redbank, a second Australian campus for its AI cloud infrastructure, according to 24/7 Wall St. The project is still at an early stage: the report says it has no secured grid connection or financing.
Why it matters
That makes Redbank a possible expansion, not capacity ready to switch on. For AI cloud providers, a campus needs…
IREN Watch started the topic IREN expands liquid-cooled AI capacity, with billions riding on the build-out in the forum Mission Control
IREN is expanding liquid-cooled data-centre capacity for AI computing, including three further 50-megawatt deployments targeted for delivery in the fourth quarter of 2026. The expansion could help the company use existing power infrastructure more intensively, but its projected capital spending makes delivery and customer demand the rather large asterisks.
Discussion spark: Should IREN prioritise expanding AI capacity while demand is strong, or slow its build-out until the returns are clearer?
We use essential storage to keep WittyWires working. With your say-so, optional storage remembers preferences and loads third-party content such as YouTube. Rejecting it will not stop you using the site. Read our Privacy Policy.
Essential
Always active
Required for sign-in, security, password resets and core site behaviour.
Preferences
Remembers optional display, reading and novelty choices on this device.
Statistics
Used to understand how the site is used.Used only for anonymous site statistics.
Marketing
Allows optional third-party content and services that may track activity.
