IREN’s AI Pivot: A $4B Mirage or the Real Deal?

Elim@CANSLIM Research's avatarElim@CANSLIM Research

In Short

IREN's $4B ARR headline hides a 243% EPS miss and a sequential revenue decline. The AI pivot is burning cash faster than it's earning it. Can they fund $25B in CapEx without crushing shareholders? Read the full breakdown.

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