Bernstein revised its target on $IRENon from $125 to $100, while keeping an Outperform rating. The cut reflects softer Bitcoin mining activity and share dilution — not weakness in its AI strategy.

đŸ”„ Bigger story: IREN signed a 5-year Microsoft deal for 77,000 GPUs, projected to drive $1.94B annualized revenue.

This signals IREN’s pivot from mining toward high-growth AI infrastructure could remain a major bullish catalyst.

📊 Key Takeaways:

‱ Price target cut, but bullish rating maintained

‱ Bitcoin mining slowdown pressured valuation

‱ Microsoft GPU deal strengthens AI thesis

‱ Potential $1.94B annual revenue from AI hosting

Is IREN becoming more of an AI infrastructure play than a Bitcoin miner? 👀

#IREN #AIStocks #Microsoft #CryptoNews #StockMarket

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