Iren的比特幣採礦能力遇到了AI：SOTP評估深度潛水

Iren向AI的戰略轉變，以及其比特幣採礦效率，正在引起嗡嗡聲。 $ 300 SOTP估值現實嗎？讓我們分解。

IREN's Bitcoin Mining Prowess Meets AI: An SOTP Valuation Deep Dive

Iren的比特幣採礦能力遇到了AI：SOTP評估深度潛水

IREN Ltd. (NASDAQ: IREN) is turning heads in the Bitcoin mining world, especially with whispers of a potential $300 per share valuation based on a sum-of-the-parts (SOTP) analysis. But how does IREN's Bitcoin mining capacity and AI ventures factor into this bold projection?

Iren Ltd.（NASDAQ：IREN）在比特幣採礦界轉向頭部，尤其是根據基於一部分（SOTP）分析的潛在每股估值300美元的耳語。但是，Iren的比特幣採礦能力和AI冒險如何將這種大膽的投射歸因於這種大膽的投影？

The Buzz Around IREN: Mining and AI

Iren周圍的嗡嗡聲：採礦和AI

IREN has hit a major milestone, reaching 50 EH/s in installed self-mining capacity. This rapid growth, fueled by its 750MW Childress site, underscores the company's operational efficiency. Co-founder and co-CEO Daniel Roberts emphasizes IREN's ability to deliver complex energy and data center infrastructure quickly. And, with a market cap increase of around $3.5 billion, IREN is solidifying its position as a leading Bitcoin miner.

Iren達到了一個重大的里程碑，安裝自裝式裝置的能力達到50 EH/s。這一快速增長在其750兆瓦的Childress網站上推動了該公司的運營效率。聯合創始人兼聯合首席執行官丹尼爾·羅伯茨（Daniel Roberts）強調了Iren快速提供複雜的能源和數據中心基礎設施的能力。而且，隨著市值增加約35億美元，Iren鞏固了其作為領先的比特幣礦工的地位。

SOTP Valuation: Is $300 Realistic?

SOTP估值：$ 300現實嗎？

According to an X post highlighted by Eric Jackson of EMJ Capital, IREN stock could soar over $100 apiece in the next 18 months, with a projection reaching a staggering $300 per share. This projection implies a potential 1572.24% upside from its current price of approximately $18.00 apiece. While such projections should be viewed with a healthy dose of skepticism, the underlying factors driving this optimism are worth exploring. The analysis likely considers IREN's Bitcoin mining operations, its foray into AI, and the potential synergies between the two.

根據EMJ Capital的埃里克·傑克遜（Eric Jackson）突出顯示的X帖子，Iren股票在未來18個月內可能會超過100美元，預測達到了驚人的每股300美元。該預測意味著潛在的1572.24％的上漲空間比目前的價格約為18.00美元。雖然應該以健康的懷疑態度來看待這樣的預測，但推動這種樂觀主義的基本因素值得探索。該分析可能考慮了Iren的比特幣採礦業務，其企業對AI以及兩者之間的潛在協同作用。

The AI Angle: Diversification and Future Growth

AI角度：多樣化和未來的增長

Bitcoin miners are increasingly diversifying into artificial intelligence (AI) to stabilize revenue streams and mitigate the impact of Bitcoin halvings. IREN is among those leading the charge. The company's expansion includes a 50MW AI data center scheduled to launch in Q4 2025. IREN started its AI journey in early 2024 with just 248 GPUs, and by mid-2025, it had scaled up to more than 4,300 units. In Q3 FY2025, they mined 1,514 BTC while pulling in $3.6 million from AI cloud services.

比特幣礦工越來越多地分散到人工智能（AI）中，以穩定收入流並減輕比特幣過度的影響。 Iren是領導指控的人之一。該公司的擴展包括一個50MW AI數據中心，該數據中心計劃於第4季度2025年推出。 Iren於2024年初以248 GPU的速度開始了AI旅程，到2025年中，它已擴展到4,300多個單位。在2015財年第三季度，他們從AI Cloud Services賺了360萬美元，開采了1,514 BTC。

Low Costs, High Potential

低成本，高潛力

IREN's strategy focuses on maintaining low production costs. With an all-in cash cost of $41k per Bitcoin, achieved through 15 J/TH efficiency and low-cost renewable energy, IREN demonstrates a cost-effective operational model. This efficiency allows IREN to increase Bitcoin production during market downturns, providing a competitive edge.

Iren的戰略著重於保持低生產成本。 Iren的全現金成本為每比特幣41K美元，可通過15 j/th的效率和低成本可再生能源實現，Iren展示了一種經濟有效的運營模型。這種效率使Iren能夠在市場下跌期間增加比特幣產量，從而提供競爭優勢。

Potential Risks

潛在風險

It's not all sunshine and rainbows. IREN faces risks including Bitcoin price fluctuations, capital needs, and market competition. The company's reliance on renewable energy presents risks due to the variability and pricing of electricity supply. Ongoing securities litigation also introduces legal and financial risks.

並不是全部陽光和彩虹。 Iren面臨的風險包括比特幣價格波動，資本需求和市場競爭。該公司對可再生能源的依賴呈現出由於電力供應的可變性和定價而帶來的風險。正在進行的證券訴訟還引入了法律和財務風險。

Final Thoughts

最後的想法

IREN's strategic pivot into AI, combined with its established Bitcoin mining operations, presents a compelling case for growth. Whether the $300 valuation materializes remains to be seen, but the company's hybrid model and efficient operations certainly make it one to watch in the evolving landscape of crypto and AI. Keep an eye on that Texas facility and those GPU numbers – they're the keys to IREN's potential future!

Iren進入AI的戰略樞紐，結合其已建立的比特幣採礦業務，提出了一個令人信服的增長案例。 300美元的估值是否實現還有待觀察，但是該公司的混合模式和高效的運營無疑使人們可以在加密和AI的不斷發展的景觀中觀看。密切關注德克薩斯州的設施和那些GPU的數字 - 它們是Iren潛在未來的關鍵！