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One NASDAQ-Listed Application Software at Resistance Level – IREN

Sep 08, 2026 | Team Kalkine
One NASDAQ-Listed Application Software at Resistance Level – IREN
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  • IREN:NASDAQ
  • Investment Type
    Large-cap
  • Risk Level
  • Action
  • Rec. Price (US$)

IREN Limited (NASDAQ: IREN) 

IREN Limited (NASDAQ: IREN) is an Australia-based, vertically integrated AI Cloud and data-centre operator powered by renewable energy. The company provides large-scale GPU infrastructure for AI training, inference and high-performance computing, alongside ASIC-based Bitcoin mining. Its operations span North America, Europe and Asia-Pacific, supported by grid-connected land and power assets. IREN operates facilities across Sweetwater, Childress and several Canadian locations, with AI Cloud capacity including approximately 1,896 NVIDIA H100 and H200 GPUs.

According to our previous US Dailies Report published on 'IREN' on Sep 2, 2026, Kalkine recommended a 'Speculative Buy' stance on the stock at USD 37.99. This recommendation was based on technical analysis, and the stock has now surged by 29.51%, trading above the second resistance level.

Noted below are the details of technical summary provided in our previous report:


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Past performance is not a reliable indicator of future performance.

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