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IREN
Forbes
3 days

How IREN Stock Can Double To $50?

1. IREN evolved from Bitcoin mining to AI cloud infrastructure, gaining over 150% YTD. 2. Revenue is projected to triple to $1.5 billion by 2027, with significant growth. 3. Strategic NVIDIA partnership and low power costs enhance IREN's competitive position. 4. Risks include Bitcoin price dependency and fierce AI market competition. 5. Stock could double past $50 if growth and valuation trends hold.

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FAQ

Why Bullish?

IREN's transition to AI cloud business presents substantial growth potential. Strong revenue growth projections are promising, especially if they realize strategic advantages.

How important is it?

IREN's significant price movement could occur due to strong earnings and AI market growth, increasing investor interest.

Why Long Term?

Growth projections extend to 2027, hence impact is not immediate. Future trends in AI and Bitcoin will shape long-term performance.

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