AI Data Centers Are Eager to Embrace Cryptocurrency
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2025
0mins
Should l Buy IREN?
Source: WSJ
Mike Alfred's Vision: By 2021, Mike Alfred was convinced of the potential for building large data centers for bitcoin mining in remote areas of Texas.
Collaboration with IREN: He joined the board of a bitcoin-focused data-center developer, now known as IREN, which shared his vision for infrastructure investment in small towns like Childress, Texas.
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Analyst Views on IREN
Wall Street analysts forecast IREN stock price to rise
12 Analyst Rating
8 Buy
2 Hold
2 Sell
Moderate Buy
Current: 41.120
Low
39.00
Averages
80.40
High
136.00
Current: 41.120
Low
39.00
Averages
80.40
High
136.00
About IREN
IREN Limited is an Australia-based company, which owns and operates data centers powered by 100% renewable energy. Its facilities are optimized for Bitcoin mining, artificial intelligence (AI) cloud services, and other power-dense compute. Its data center mining facilities are in Canal Flats, Mackenzie, Prince George and Childress. Bitcoin Mining provides security to the Bitcoin network. Al Cloud Services provides cloud compute to Al customers, approximately 1,896 NVIDIA H100 and H200 GPUs. Its Canal Flats facility is in the Canadian Rockies, 100 kilometers (km) from Cranbrook regional airport and 500km east of Vancouver. Its facility is in Prince George, the city in northern British Columbia, located 500 km north of Vancouver. Its facility is located in Childress County, Texas, over 250 miles northwest of Dallas and in close proximity to multiple wind and solar generating facilities in the region. Its Childress operations comprise 200 Mega Watt of operating data centers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Stock Performance: Cipher Digital's stock experienced a significant increase following the announcement of a new 15-year lease with a hyperscaler at one of its data center facilities.
- Demand for AI Capacity: The lease agreement highlights the strong demand for artificial intelligence infrastructure and capacity in the market.
See More
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- Massive Capital Raise: IREN's recent capital raise has rattled investors, yet it may obscure a significant AI growth narrative, particularly in GPU and data center expansion.
- Cautious Market Reaction: Investors have reacted cautiously to IREN's financing move, with stock prices reflecting volatility as of March 16, 2026, indicating uncertainty about the company's future trajectory.
- Growth Potential Emerges: Should management successfully execute its GPU and data center expansion plans, the recent stock pullback could be viewed as a rare investment opportunity, especially against the backdrop of rapid advancements in AI.
- Strategic Execution is Key: IREN's future growth will hinge on the effectiveness of its strategic execution, particularly in the face of technological innovation and shifting market demands, where successful expansion could enhance its competitive position.
See More
IREN's Massive Capital Raise Sparks Investor Concerns
- Massive Capital Raise: IREN has recently executed a significant capital raise, the exact amount of which remains undisclosed, but this move has sparked widespread investor concerns that could negatively impact the company's short-term stock performance.
- AI Growth Potential: Management's plans to expand GPU and data center operations, if successfully implemented, could present substantial growth opportunities for the company, potentially altering market perceptions of its future.
- Market Performance Comparison: Despite the negative sentiment surrounding IREN's financing, analysts note that historically successful companies like Netflix and Nvidia have also faced short-term volatility under similar circumstances, ultimately achieving massive returns.
- Investor Advisory: The Motley Fool's analyst team has excluded IREN from their list of the 10 best stocks to buy, advising investors to exercise caution and consider other potential high-return investments when making decisions.
See More
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- Market Valuation Comparison: As of March 13, 2026, Nebius was priced at $3.69, IREN at $0.72, and Applied Digital at $2.73, highlighting significant valuation differences that could lead to investor misjudgments when selecting stocks.
- Momentum and Risk Assessment: The video analyzes the performance of these three companies in terms of market momentum and potential risks, emphasizing that Nebius may outperform the others in the long term, despite current market expectations being conservative.
- Identifying Long-term Winners: By comparing the market performances of these companies, the video identifies potential long-term winners, particularly Nebius, which, while facing short-term volatility, shows strong growth potential based on its fundamentals.
- Investor Focus Points: The video advises investors to pay attention to the gap between market sentiment and fundamentals, stressing the importance of analyzing the relationship between company potential and market hype when selecting investment targets.
See More
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- Outstanding Market Performance: Nebius stock has surged 57% in 2026, reflecting strong market demand and investor confidence, and is expected to continue benefiting from the growth in AI infrastructure investments.
- Key Partnership Agreement: Microsoft signed a five-year deal worth up to $19.4 billion with Nebius, securing access to GPU infrastructure from its New Jersey data center, further solidifying Nebius's critical position in the AI sector.
- Expanded Collaboration: Nebius has entered into a new agreement with Meta valued at up to $27 billion, providing dedicated capacity across multiple locations, indicating its leadership and trust in the AI services market.
- Industry Spending Trends: Major tech companies are projected to spend $690 billion on capital expenditures in 2026, with most allocated to AI infrastructure, positioning Nebius as a key service provider to benefit from this trend and drive future growth.
See More
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- Emerging Market Performance: Neocloud stocks like CoreWeave, Iren, and Nebius Group have achieved triple-digit gains over the past year, outpacing the so-called 'Magnificent Seven' tech giants, indicating strong market recognition for emerging technologies.
- Strategic Partnership Expansion: Nebius has secured a deal worth up to $27 billion with Meta to provide dedicated computing capacity across multiple locations, further solidifying its critical role in AI infrastructure.
- Future Growth Potential: Nebius stock has surged 57% in 2026, and with its established relationships and the ongoing increase in AI infrastructure investments, the company is well-positioned to capture incremental budget spend, showcasing strong growth prospects.
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