
Let’s break it down. Of the three analyst moves on Iren, one was a brand-new coverage initiation. Oh, and not by just anyone-no, this came from Arete, a researcher who’s apparently now tracking three Bitcoin mining companies, including Iren. Why Bitcoin miners? Who knows! But they’re tracking them, so that’s something. Oh, and they’ve decided to give Iren a target of $78 per share. Not bad, right? Especially for a company that’s, you know, *pivoting* into data centers. Not to mention, it just upgraded its Bitcoin mining hardware. You’d think they’d give themselves a pat on the back, but nah, let’s just keep going. I mean, they’re self-funding their own data center construction. Now, that’s a move-like when you show up to a party with your own food because you don’t trust the snacks the host picked out. Bold choice.