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IREN Limited (IREN): A Bull Case Theory

We came across a bullish thesis on IREN Limited (IREN) by Anxious-Criticism652 on r/valueinvesting on Reddit. In this article, we will summarize the bulls’ thesis on IREN. IREN Limited (IREN)'s share was trading at $9.12 as of 23rd May. IREN’s trailing and forward P/E were 2.15 and 18.18 respectively according to Yahoo Finance.

[caption id="attachment_954627" align="aligncenter" width="750"] Image by Лечение Наркомании from Pixabay[/caption]

Iris Energy (IREN) is quietly becoming a digital infrastructure powerhouse, transcending its roots as a Bitcoin miner to...