Citizens reiterates $80 price target on $IREN 🔋
“While reported financial results remain influenced by the transition away from bitcoin mining, we believe the underlying Al cloud business continues to gain momentum.”
Iren $IREN has 3 layers of the business 🔋
- Data Centers (land, power, cooling)
- Compute (chips, storage, servers & networking
- Software (the managed services compounded)