AI pivot
Bitcoin miner IREN has shifted its focus towards artificial intelligence, leading Cantor Fitzgerald to set a price target of $100 for the company. The pivot signifies IREN’s strategic response to evolving industry trends and increased interest in AI technologies. Analysts at Cantor Fitzgerald have expressed optimism regarding IREN’s potential for growth, bolstered by the integration of AI into its operations. The price target reflects confidence in IREN’s direction and market positioning as it seeks to leverage new opportunities. Investors are looking closely at how the shift to AI will enhance IREN’s operational efficiency and profitability in the competitive mining sector.
