‘Own power, get a $9.7B Microsoft deal’: Bernstein raises IREN price target to $125 following lucrative AI cloud contract

IREN's ownership of its 2. 9 GW power portfolio gives it a cost and scalability advantage over rivals like CoreWeave, the analysts said. source: https://www.theblock.co/post/377570/own-power-get-a-9-7b-microsoft-deal-bernstein-raises-iren-price-target-to-125-following-lucrative-ai-cloud-contract?utm_source=rss&utm_medium=rss