Jefferies expects IREN’s AI cloud business to outpace data center leasing, sees 30% upside
The Block·
60-second summary
Jefferies analysts predict IREN's AI cloud business will outpace data center leasing, driving a 30% upside. Currently, only about 10% of IREN's 6 gigawatt global power portfolio is utilized, indicating significant untapped potential. This underutilization positions IREN to capitalize on the growing demand for cloud infrastructure, driving future revenue growth and industry expansion.
Jefferies estimates that only about 10% of IREN's roughly 6 gigawatt global power portfolio is being utilized.