$IREN generated just $707M in revenue in FY2026. JPMorgan now projects nearly $24 BILLION in annual revenue by 2030. That's nearly 34x FY2026 revenue.

And now The Information reports that Anthropic has signed a multiyear AI cloud computing deal with IREN, adding to its $9.7 BILLION Microsoft agreement.

And some people still think this stock is going back to $20. At under $40, if this isn't a steal, I don't know what is.