IREN (IREN) vs. CORZ and APLD: Can Its AI Cloud Buildout Turn Contracted Demand Into Profits?

Is IREN a good stock to buy? We came across a bullish thesis on IREN Limited on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on IREN. IREN Limited’s share was trading at $37.93 as of August 6th 2026. IREN’s trailing and forward P/E were 47.82 and 136.99 respectively according to Yahoo Finance.

5 Best Stocks to Buy for Next-Gen Data Centers

Photo from Oracle website

IREN Limited is shifting away from Bitcoin mining and building itself into a cloud computing company for...