BUY Invest with Henry Conviction 4/5 Analysis quality 80 Price target 7 now
The YouTuber is buying Iren, which has transformed from a Bitcoin miner into a renewable-powered AI data center company. He highlights that Iren solves the capacity side of AI's power problem by owning large-scale data centers with cheap renewable energy, which is a rare and valuable asset for big tech companies scrambling for AI compute capacity. He sees it as an AI cloud company with strong cash flow potential.
“AI has a massive problem. Not enough data centers plus not enough power. And IN has that. They have power, connected land, built infrastructure, cooling, plus grid access. That's really rare.” — ▶ Watch clip