Execution RisksIREN faces high execution and financing risks, needing to raise over $8B for its growth targets.
Logistical ChallengesThe logistical challenges are elevated as IREN needs to massively increase its data center infrastructure and GPU deployment.
Valuation ConcernsThe valuation of IREN has detached from fundamentals, as shares are significantly overvalued after surging over 920% in the past six months.