IREN Limited (IREN): A Bull Case Theory

We came across a bullish thesis on IREN Limited (NASDAQ:IREN) on Twitter by FransBakker9812. In this article, we will summarize the bulls’ thesis on IREN. IREN Limited (NASDAQ:IREN)'s share was trading at $10.46 as of Jan 2^nd. IREN’s trailing and forward P/E were 2.15 and 133.33 respectively according to Yahoo Finance.

[caption id="attachment_1205809" align="aligncenter" width="768"] An exterior view of a busy data centre, showing the scale and workflows of the company.[/caption]

IREN Ltd recently registered a new large data center project in Texas, named the "Bull Data...