IREN's High Stakes Bet on AI Cloud Computing IREN Ltd.
, formerly a Bitcoin miner turned neocloud provider, has been quietly building its own AI cloud infrastructure amidst the tech industry's shift towards cloud computing.
Major players like Amazon Web Services and Microsoft Azure are leading the charge, but Bernstein SocGen Group has placed its bets on IREN's $100 price target, citing a potential 5 10x advantage in the AI cloud market.