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IREN’s Major AI Breakthrough Could Unlock Powerful New Upside

Microsoft and NVIDIA just handed IREN two major credibility wins. Now the question is whether they can transform a former Bitcoin miner into a premium AI infrastructure stock.

Written by: Rick Orford

Edited by: Mike Reyes

Last Updated August 31, 2026

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IREN (NASDAQ:IREN) has moved another step beyond its Bitcoin-mining roots after delivering Horizon 1 to Microsoft and earning NVIDIA Exemplar Cloud status. Those milestones could strengthen a much bigger argument: that investors may eventually value IREN as a high-growth AI infrastructure company, opening the door to substantial upside if execution continues.

Stock prices used were the market prices of Aug. 19, 2026. The video was published on Aug. 27, 2026. On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this video.

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