IREN Stock Soars on Microsoft Deal: A Tale of $9.7B and Analyst Glee! 📈

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In a world where fortunes shift like autumn leaves, IREN Ltd. has danced into the spotlight, its stock price pirouetting upward with the grace of a ballerina on Microsoft’s dime. Alas, what sorcery is this? A $9.7 billion pact with the Redmond giant, no less! One might say the bulls are hosting a grand feast, while the bears polish their fangs in the shadows. 🐄🍷

  • IREN’s shares leapt like a startled hare after sealing the deal.
  • Analysts, those modern-day prophets, foresee a future brimming with data-center gold.
  • Yet, technical charts whisper of a post-earnings retreat-perhaps the market’s way of adding drama? 🎭

IREN, that audacious titan of Bitcoin mining and data centers, now perches at $75.3-a 1,200% leap from its nadir! Its market cap, a staggering $19 billion, would make even the most jaded capitalist blush. But let us not forget: this is a company that once eked out a mere $7 million in AI colocation revenue. Progress, indeed! 🚀

The five-year Microsoft deal, with its 20% prepayment and 85% EBITDA margin, is no mere trinket. It is a siren song for clients like Oracle, Meta, and OpenAI. Ah, but CoreWeave and Nebius have already danced this dance-perhaps IREN seeks to outshine them with a flourish? 💃🕺

Wall Street’s soothsayers predict a revenue crescendo: $241 million this quarter, $1.2 billion annually. For a company that once earned $512 million, this is the stuff of fairy tales-or delusions of grandeur? 🧊

And profitability! Earnings per share soar from 35 cents to $1.60. One analyst, Darren Aftahi, now dares to dream of $94 per share. Another, Gautam Chugani, humbly suggests $75. What hubris! Or is it genius? 🤔

A Technical Analysis for the Poets

The daily chart reveals a stock ascending like a rocket, yet forming a “double-top” at $74-a neckline at $48, a bearish divergence in the MACD. O, cruel irony! The bulls may yet falter, selling the news like overeager vendors at a bazaar. The earnings report, nay, the reckoning, approaches… 🕊️

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2025-11-04 21:37