IREN Bounces Back: The Market Votes Yes as Big Banks Step In
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IREN Limited recovered sharply after missing Q2 earnings expectations, rebounding from $36.49 to $42.67 as institutional investors recognized the dip as a buying opportunity. The company secured a $3.6 billion credit facility from Goldman Sachs and JPMorgan Chase to fund GPU expansion, validated its $9.7 billion Microsoft contract, and acquired a 1.6 GW data center campus in Oklahoma for geographical diversification. Trading at 3.4x projected 2027 revenue, IREN appears undervalued compared to pu...
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