IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business
Cloud
IREN announced a $1.6B deal with Dell to expand its AI cloud business, projecting annualized revenue of $4.4B by 2027 — a massive step-change from current scale. The deal validates IREN's pivot from crypto mining to AI infrastructure and sets up a re-rating catalyst, though the stock is already up 5.2% on the news with Paul Tudor Jones recently adding aggressively.
0 reads·0 theses
Angle
↑ LONG+12% target-8% stop4-8 weeks
Stay long IREN post-Dell deal — PTJ backing, strong SB consensus, and a $4.4B revenue roadmap make dips toward $55 buyable, but fade the intraday spike above $62.