IRENE GRAVES

Apr 28 2026TECHNOLOGY

IREN Shifts From Bitcoin Mining to AI Cloud, Stock Target Adjusted

Irene’s stock rating dropped from $125 to $100 per share after analysts noted the company is moving away from cryptocurrency mining toward large‑scale artificial intelligence services. The change does not signal a decline in IREN’s AI plans, but reflects two separate issues: the company is cutting b

reading time less than a minute