Our vertically integrated AI Cloud platform has arrived in Europe.
Today, IREN announced it has completed the acquisition of Nostrum Group, adding 490MW of secured power in Spain to serve global demand for AI compute.
“Europe is one of the largest and fastest-growing markets for AI infrastructure, and Spain is among its most compelling entry points, with abundant renewables and strong fiber connectivity. Nostrum gives us secured power today along with a development pipeline and a great local team we're excited to work with.” - @danroberts0101
Learn more: https://t.co/f2ZWh6cBba
@tommyleed8888@SmallCapSnipa $IREN IS BUILDING THE FIRST $NVDA DSX AND WILL DESIGN EVERY FUTURE DATA CENTER TO MAXIMIZE TOKENS PER WATT
$NVDA IS THEIR CUSTOMER ⚠️
https://t.co/Vo5Sci3Bw8
$KEEL ~ let me count the ways… 👇
👉 Massive 2.2 GW power pipeline in a power-constrained AI world: $KEEL controls one of the largest North American development pipelines (~2.2 GW across sites in Pennsylvania, Washington, and Québec) with secured grid interconnections already in place. This is a major moat, as new data center power approvals can take years—positioning $KEEL to capture hyperscaler demand for high-performance computing (HPC) and AI workloads far faster than peers.
1.Strategic pivot from Bitcoin mining to AI data centers: Formerly Bitfarms, the company is transforming legacy mining assets into AI-focused colocation facilities. Existing operational sites (e.g., Sharon, Panther Creek, Moses Lake) provide immediate revenue potential, with expansions targeting next-gen GPU clusters and liquid cooling. This shift taps into explosive AI demand while leveraging owned infrastructure.
2. Strong capital position and recent $458M financing: The upsized convertible notes offering (closed recently) funds buildout without immediate heavy dilution, providing runway for site development and lease execution. Management has highlighted strong liquidity to support phased growth through 2027.
3. Analyst enthusiasm and upside targets: Consensus leans strongly bullish (multiple Buy ratings from firms like Chardan, H.C. Wainwright, B. Riley, and Alliance Global). Price targets range from ~$5.50 (near current levels) up to $8, implying significant potential as leases materialize. Some analysts highlight undervaluation vs. peers trading at higher $/MW multiples once deals are signed.
4. Explosive momentum and re-rating potential: The stock has soared over 450% in the past year amid the AI narrative, with strong retail and institutional interest. Successful colocation deals or first AI revenues could trigger a major valuation re-rating (e.g., from mining multiples to premium AI infra valuations), similar to other pivoting players.
5. North American focus and execution tailwinds: Sites in high-demand grids (PJM, etc.) with advancing permits reduce regulatory risk. @captainkeel@keelinfra_ , management team is actively negotiating leases, with some analysts expecting announcements in 2026—potentially catalyzing near-term catalysts. $KEEL ~ conservative 2-3x, macro👉re-balancing 👉contract/lease announcement…📈👀