IREN Limited (NASDAQ:IREN) is among the best under-the-radar stocks.
On July 2, Forbes reported that IREN Limited (NASDAQ:IREN)’s board approved a four-year equity compensation package valued at $788 million for co-founders and co-CEOs Will Roberts and Daniel Roberts. They are receiving more than 9 million shares each that vest through 2030. The company said the program plans to attract and motivate leadership and align pay with long-term shareholder value.
The report said the firm builds data centers powered by green energy and recently introduced plans for a $10 billion, 800 MW AI campus in South Australia. It has moved aggressively toward AI infrastructure.
Forbes also reported the firm signed a $9.7 billion compute agreement with Microsoft and purchased US$1.6 billion of AI infrastructure from Dell. While Bitcoin mining remained IREN Limited (NASDAQ:IREN)’s largest business, AI Cloud revenue jumped 94% quarter over quarter to $33.6 million. However, crypto revenue dropped to $111.2 million from $167 million in the prior quarter.
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IREN Limited (NASDAQ:IREN) is a vertically integrated AI cloud provider that provides large-scale data centers and GPU clusters for AI training and inference. Its platform is supported by its extensive portfolio of grid-connected land and power across areas of North America, Europe, and APAC.
While we acknowledge the potential of IREN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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