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IREN: Bitcoin and AI infrastructure play strengthens as bulls regain control

IREN: Bitcoin and AI infrastructure play strengthens as bulls regain control
Gregor HorvatGregor HorvatWavetraders

IREN continues to strengthen its position as a hybrid Bitcoin mining and AI infrastructure company, with NVIDIA Exemplar Cloud status on GB300 NVL72 and Horizon 1 being delivered to Microsoft. The company operates large-scale facilities powered by renewable energy while expanding its high-performance computing capabilities to support growing demand for AI workloads.

From an Elliott Wave perspective, IREN may have completed its ABC correction, suggesting bulls could be back in control. A renewed rally in IREN could also provide a positive signal for the broader crypto market.

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IREN Daily Chart

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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