Wall Street splits on IREN as bitcoin miner bets big on AI cloud
H.C. Wainwright reiterated a Buy rating and $90 price target on AI revenue growth, even as analysts flag the strategy shift as high-risk.
H.C. Wainwright reiterated its Buy rating on IREN with a $90 price target, citing growing AI revenue, while independent analysis calls the stock's pivot from bitcoin mining to AI cloud computing a high-risk, high-reward bet.