IREN Limited (IREN) Co-founders Score US$788M Pay Packet Amid AI Bonanza

 IREN Limited (NASDAQ:IREN) is among the best under-the-radar stocks.

On July 2, Forbes reported that IREN Limited (NASDAQ:IREN)’s board approved a four-year equity compensation package valued at $788 million for co-founders and co-CEOs Will Roberts and Daniel Roberts. They are receiving more than 9 million shares each that vest through 2030. The company said the program plans to attract and motivate leadership and align pay with long-term shareholder value.

The report said the firm builds data centers powered by green energy and recently introduced plans for a $10 billion, 800 MW AI campus in South Australia. It has moved aggressively toward AI infrastructure.

Forbes also reported the firm signed a $9.7 billion compute agreement with Microsoft and purchased US$1.6 billion of AI infrastructure from Dell. While Bitcoin mining remained IREN Limited (NASDAQ:IREN)’s largest business, AI Cloud revenue jumped 94% quarter over quarter to $33.6 million. However, crypto revenue dropped to $111.2 million from $167 million in the prior quarter.

IREN Limited (IREN) Co-founders Score US$788M Pay Packet Amid AI Bonanza

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IREN Limited (NASDAQ:IREN) is a vertically integrated AI cloud provider that provides large-scale data centers and GPU clusters for AI training and inference. Its platform is supported by its extensive portfolio of grid-connected land and power across areas of North America, Europe, and APAC.

While we acknowledge the risk and potential of IREN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IREN and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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