🚨 Another growth-focused institution is quietly building an $IREN position. 🚨

Fred Alger Management LLC just disclosed:

🔹 2,874,178 shares
🔹 $131.4M position
🔹 +784% increase in shares
🔹 +1,079% increase in value

What makes this interesting?

Fred Alger’s investment philosophy is centered around identifying companies undergoing:

✅ Rapid innovation
✅ Structural lifecycle growth
✅ Category-defining technology shifts

That sounds a lot like what $IREN is becoming:

⚡ Multi-GW AI infrastructure platform
⚡ Microsoft Horizon delivered
⚡ NVIDIA-backed AI Factory vision
⚡ AI cloud contracts scaling toward $4B+ ARR

Institutions don’t seem to be viewing #IREN as a bitcoin miner anymore.

$IREN