IREN Ltd. Could Surge 1572% to $300 Per Share Valuation, Hedge Fund Manager Eric Jackson Says.

IREN Ltd. IREN, a renewable-powered data center and Bitcoin BTC/USD mining company, may be undervalued, according to an analysis projecting a $300 per share valuation, implying a potential 1572.24% upside from its current price. The analysis breaks down IREN's value into three revenue streams: colocation, Bitcoin mining, and cloud services. Despite the lack of peer-reviewed validation, the analysis suggests a potential 3x return, even if off by 80%. IREN's diversified model positions it as a high-upside opportunity for risk-tolerant investors.

Title: IREN Ltd.: Potential Undervaluation and Upside Opportunities

IREN Ltd. (IREN), a renewable-powered data center and Bitcoin mining company, has been identified as potentially undervalued by a detailed "sum of the parts" (SOTP) analysis. The analysis projects a $300 per share valuation, implying a potential 1572.24% upside from its current price [3].

The SOTP analysis breaks down IREN's value into three key revenue streams: colocation, Bitcoin mining, and cloud services. Colocation is valued at $45.2 billion, leveraging market comparables and a premium due to AI-driven demand. Bitcoin mining contributes $2.1 billion, derived from a comparison with another mining company. Cloud services add $25.2 billion, capitalizing on IREN's air-cooled facilities in Texas and Canada [3].

Despite the lack of peer-reviewed validation, the analysis suggests a potential 3x return, even if off by 80%. This bullish forecast has sparked interest among investors, with hedge fund manager Eric Jackson noting that "Now we're cooking with gas" [3].

IREN's diversified model positions it as a high-upside opportunity for risk-tolerant investors. The company has been cutting costs, increasing its exahashes per second, and making a massive move into AI and high-performance computing (HPC) out of its BTC cash flow. These factors have driven IREN's impressive total shareholder return of 375.86% over the last three years, contrasting its recent one-year performance, where it notably outperformed the US Software industry’s return of 26.4% and the broader market's 15% increase [2].

Financial performance and growth drivers underscore IREN's strength. The company reported record revenue of $148.1 million in the third quarter, driven by mining 1,514 Bitcoins at an average realized price of $93,000 per coin. Adjusted EBITDA reached $83.3 million, with a profit after tax of $24.2 million, marking two consecutive profitable quarters [4].

IREN's strategic shift toward AI cloud services, generating $2.2 million in June with a 98% hardware profit margin, positions it to capitalize on the projected $6.7 trillion AI infrastructure market by 2030. The acquisition of 2,400 Nvidia GPUs and progress on its 50 MW Horizon 1 AI data center enhance its growth potential [4].

IREN's stock has rocketed 228% higher over the past three months, fueled by robust Bitcoin mining performance and its pivot to AI infrastructure. Currently trading at around $17.94 per share, IREN enjoys a Wall Street "Strong Buy" consensus rating from 12 analysts, with three quarters recommending a buy and 16% a strong buy. The average one-year price target of $18.70 per share suggests the stock is nearing its projected value [4].

References:
[1] https://www.bloomberg.com/news/articles/2025-07-21/brazilian-miners-warned-of-potential-1-billion-in-tariff-pain
[2] https://simplywall.st/stocks/us/software/nasdaq-iren/iren/news/iren-iren-surges-221-over-last-quarter
[3] https://www.benzinga.com/crypto/cryptocurrency/25/07/46513468/bitcoin-miner-iren-could-surge-1572-as-sotp-valuation-pegs-300-target-hedge-fund-manager-eric-jackson-says-were-cooking-with-gas
[4] https://247wallst.com/investing/2025/07/21/can-iren-reach-24-or-is-it-a-mirage/