Iris Energy Limited

NASDAQ Global Select
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Bullish +65

IREN Stock Is Down More Than 10% Today – But Retail Calls It A Bargain - Stocktwits

📉 IREN stock has declined over 10% today due to volatility in Bitcoin and broader crypto-linked sectors.

🤖 The company is pivoting to an AI-focused strategy with a new fleet of 150,000 Nvidia B300 GPUs.

🛒 Retail traders are actively buying the dip, viewing current price levels as a bargain opportunity.

📅 The expanded GPU fleet is expected to be deployed in phases during the second half of 2026.

💰 IREN has secured $9.3 billion in funding via prepayments and convertible notes over the last eight months.

🚀 The new infrastructure aims to support an AI Cloud annualized run-rate revenue of over $3.7 billion by year-end.

🏗️ Additional capital expenditures of approximately $3.5 billion are planned for deployment in late 2026.

📊 Shares have dropped 19.4% so far in 2026 as the market adjusts to crypto volatility.

Bullish Signals
  • IREN has secured a massive $9.3 billion funding runway through customer prepayments and convertible notes, providing ample capital for its expansion plans.
  • The company is expanding its GPU fleet to 150,000 units, positioning it to capture significant growth in the AI cloud market with projected revenue over $3.7 billion by 2026.
  • Retail sentiment has turned bullish, with traders actively buying the stock as a bargain despite recent price declines.
Risk Factors
  • The stock is currently under pressure from volatility in Bitcoin and other crypto-linked assets, contributing to a significant intraday drop.
  • Shares have fallen 19.4% year-to-date, reflecting broader market weakness in the sector.
Full Analysis
IREN Limited shares have dropped more than 10% on Monday, driven by volatility in Bitcoin and broader crypto-linked equities. Despite the decline, retail traders on Stocktwits are viewing the stock as a bargain, with sentiment trending bullish amid high message volume. The article highlights that IREN has pivoted its strategy to become an AI-focused firm, significantly expanding its hardware infrastructure. The company recently announced purchase agreements for over 50,000 Nvidia B300 GPUs, which will increase its total fleet to 150,000 units. These new chips are scheduled for phased deployment throughout the second half of 2026 across existing air-cooled data centers in Mackenzie, British Columbia, and Childress, Texas. This expansion is expected to support an annualized AI Cloud run-rate revenue exceeding $3.7 billion by the end of 2026. To finance this aggressive growth, IREN has secured $9.3 billion in funding over the past eight months through customer prepayments, convertible notes, and GPU financing arrangements. Management plans to leverage these capital sources to fund approximately $3.5 billion in additional capital expenditures for the upcoming GPU orders. Shares have fallen 19.4% year-to-date as of March 2026.