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The timing is right for this Bitcoin miner turned AI cloud provider.

Wall Street analysts are turning more bullish on AI infrastructure names after the summer selloff, with IREN and Cipher Digital receiving higher price targets tied to contract growth, power availability…

Today, we open with reports that Anthropic and OpenAI are expanding their power search to sub-50 MW sites, plus bullish investment bank forecasts for IREN and Cipher.

The analyst placed a price target of $99 on Iren which represented 128% upside from the closing price of $43.48 on Thursday. Iren, in particular, has a “clear path to software differentiated AIaaS” with its acquisition of cloud infrastructure and software company Mirantis, according to Chokshi.

The target implies more than 100% upside from the prior close

The S&P 500 Index ($SPX ) (SPY ) is down by -0.11% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. December E-mini S&P futures (ESZ26 ) are down -0.15%, and December E-mini...

Iren Limited (NASDAQ:IREN) CEO Daniel Roberts has presented a detailed, data-backed argument that demand for AI compute remains fundamentally constrained by limited supply, irrespective of the debate over how quickly frontier AI development should progress. The argument is well supported and offers a strong explanation for why demand could remain ahead of available supply. However, […]

Nebius Group was leading its fellow so-called neoclouds higher early Thursday. There’s more evidence that computing power is in enormous demand and artificial-intelligence chips are holding their value. Nebius recently informed customers that it will raise its on-demand rental prices for a range of AI chips, with the price for renting a number of Nvidia graphics-processing units increasing by about 20%, according to Shay Boloor, chief market strategist at Futurum Equities.

FEATURE Stock futures were rising on Thursday as investors got over the worst of their worries about the Federal Reserve’s interest-rate hike. Chip and memory stocks were trading higher ahead of the opening bell, despite fresh concerns about a slowdown in the development of artificial intelligence.

Recently, JPMorgan analyst Richard Choe issued a rare double-upgrade on IREN after the company signed a roughly US$5.50 billion, five-year partnership with Nvidia tied to its fast-growing AI cloud services platform. This shift, alongside IREN's decision to wind down Bitcoin mining and expand vertically integrated AI infrastructure, marks a material redefinition of its core business model. Next, we'll examine how the Nvidia partnership and AI cloud transition reshape IREN's investment...

Bitcoin and crypto stocks fell Wednesday as Fed rate news, Clarity Act failure sour week. Cipher Digital surges on Texas energy win.

Nebius stock is bouncing hard Wednesday after a brutal month-long slide that left peers like CoreWeave equally battered, but the real question is whether buyers are finally stepping in or just setting up another failed rally.

CoinShares said on Tuesday that at least 35 EH/s of computing power will leave the listed miners in the third quarter.

CoreWeave has shed nearly half its value from recent highs while simultaneously reporting record revenue growth, and one Wall Street analyst sees a setup so lopsided it warrants a price target that would require the stock to triple from here.

AI infrastructure investors now have two simultaneous reasons to think about the cost of money. Goldman Sachs and JPMorgan expect the Federal Reserve to raise rates 25 basis points this week, with futures pricing roughly a 90% probability. At the same time, AI safety warnings are testing assumptions about future compute demand. CoreWeave, Inc. (NASDAQ:CRWV) […]

IREN Limited (NASDAQ:IREN) is building as if AI compute scarcity will last for years. Its co-CEO Daniel Roberts told the Financial Times on September 7 that demand may never be fully satisfied, while the company could invest as much as $30 billion by mid-2027. Six days later, frontier AI leaders were publicly calling for slower […]

SPCX is betting on compute renting to drive growth, backed by a $13B annualized hosting deal and plans to expand capacity beyond 2 GW by year-end.

JPMorgan's vertically integrated AI infrastructure gives it a more direct path to monetizing its power capacity, in contrast to MARA's partner-led data center approach, according to the bank.

CoreWeave, Nebius and IREN are moving higher as Oracle's results reinforce the AI infrastructure trade.

A sprawling new network deepens Nvidia's grip on global AI

Australia's current computing capacity stands at 1.6 GW, meaning the buildout could more than double the country's AI compute

Iren may have multiple gigawatts in its control that investors do not know about.

Nvidia (NASDAQ:NVDA) said it is working with Australian companies to develop approximately 2 gigawatts of data centre computing capacity in the country by 2027 as demand for artificial intelligence infrastructure increases. The planned capacity would more than double Australia’s current computing load, according to the supplied information.

A former Bitcoin miner now holds billions in contracted AI cloud revenue and a direct NVIDIA investment commitment, but the path to capturing that upside runs through one of the most ambitious infrastructure buildouts in the sector's history.

When a caller inquired about IREN Limited (NASDAQ:IREN) during the lightning round on September 3, Mad Money host Jim Cramer said: If you’re going to do neocloud, you got to do, the only one I like is CoreWeave with Michael Intrator. The others I think are too speculative for me. CoreWeave vs. IREN AI Revenue […]

Two AI infrastructure companies just reported earnings with the same tailwind behind them and completely opposite strategies in front of them, and only one of those playbooks survives a construction delay or a GPU slip.

IREN said its 2 GW Sweetwater data center hub in Texas has received a conditional base load classification under ERCOT’s Batch Zero process, a significant step toward securing grid capacity…

So far, Hut 8, IREN, CleanSpark, and Soluna have good news to share with their investors.

We cover IREN receiving base load designation for Sweetwater 1 and 2 in Batch Zero, Palantir and Nebius new agreement for sovereign AI enterprise compute, Soluna’s project Kati receiving base…

Sweetwater 1 provides 1,400MW and Sweetwater 2 adds 600MW