Aylen (Aylen) is one of the biggest self-control BTC$113,075.06 US miners are breaking out of the pack, and Wall Street is keeping an eye on it.
Bernstein analysts have raised Iren’s price target from $20 to $75. This means an approximate 80% increase as it doubles the building of its own AI cloud business rather than relying on co-location transactions with partners such as CoreWeave (CRWV).
Aylen is already making a big move, more than eight times ahead of her $5.13 hit in April’s 52 weeks. Stocks are 365% higher than last year.
Brokers believe Airen’s AI pivot can be trusted despite early skepticism about the ability of miners to perform capital-intensive data center build-outs and compete with AI cloud players tied to hyperscalers and NVIDIA (NVDA).
Aylen is leading to rapid growth, the report says, with recurring revenues of $500 million per year by 23,300 GPUs, up from about $14 million in the first quarter of 2025.
Beyond AI, Iren will retain flexibility in its 3 Gigawatt (GW) power portfolio, balancing Bitcoin mining and AI workloads to maximize revenue per megawatt, writes Bernstein analyst led by Gautam Chhugani.
According to analysts, 50 EH/S mining operations generate an estimated $600 million annual EBITDA at current Bitcoin prices, funding AI expansion.
Bernstein shifted its valuation approach to a part-total model, assigning 87% of its enterprise value to AI cloud and colocation possibilities on Iren’s 2GW West Texas site, with the remaining 13% coming from Bitcoin mining.
In the revised goal, Airen trades at $7.5 million per megawatt (MW), above other AI-focused miners, but far below the peers of established data centers like CoreWeave, suggesting room for multiple expansion.
read more: Iren’s stock jumps 11% in pre-market trading as Bitcoin Miner doubles AI Cloud Fleet
