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aol.comSEP 262 min read$IREN

JPMorgan Predicts IREN Will Generate $24 Billion in Annual Revenue by 2030

JPMorgan upgraded IREN (NASDAQ:IREN) to Overweight, projecting $24B in annual revenue by 2030, up from $707M in 2026. The forecast is based on AI cloud services growth and large contracts with Microsoft and NVIDIA. IREN aims for $4B in operational ARR by December 2026. JPMorgan's price target is $65.

Original reporting
aol.com
Published Sep 26, 2026, 3:59 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 26, 2026, 4:24 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
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JPMorgan Predicts IREN Will Generate $24 Billion in Annual Revenue by 2030 — source image
Source · aol.com
Decision brief

The 30-second read

$IRENBullishMed
01

Why it matters

The upgrade could trigger buying pressure, especially from AI‑themed funds, while the high capex and loss guidance temper risk.

02

Market read

The note introduces fresh valuation metrics for IREN, likely influencing short‑term price action and sector sentiment.

03

What to watch

Potential regulatory or supply‑chain constraints on power and GPU availability could curb growth.

Relevance 7/10Novelty 7/10Timing: today

Background

JPMorgan's research note provides a new, aggressive growth outlook for IREN, a former Bitcoin miner now pivoting to AI cloud services.

Company-level read

Ticker impact

$IRENBullishHigh confidence
Context

JPMorgan upgraded IREN to Overweight, raised price target to $65 and forecasted $24B annual revenue by 2030.

Expected impact

likely upside as investors price in the upgraded target and growth outlook

Evidence & confidence

The upgrade is a fresh, primary disclosure with concrete numbers; market typically reacts positively to such upgrades.

Market effects

Sector

Boosts sentiment for AI‑cloud and power‑intensive infrastructure sector.

Regional

North American AI‑cloud providers may see modest inflows.

Global

Limited to investors tracking AI infrastructure growth.

Counterpoint

What could challenge this read

The $24B forecast may be overly optimistic given high capex and current losses.

Key entities

  • analyst
    JPMorgan

    Upgraded IREN to Overweight and raised price target.

  • company
    IREN

    AI cloud provider with new revenue forecast.

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