• Dale Strong's recent purchase of IREN LIMITED (NASDAQ:IREN) shares highlights investor confidence in the company's pivot to AI infrastructure.
• IREN and CoreWeave Inc. are emerging as leaders in the AI infrastructure sector, with significant investments and strategic partnerships driving their growth.
• The launch of IREN's Sweetwater 1 facility and its potential to outperform major tech giants underscores the company's promising future in AI infrastructure.

On January 28, 2026, Dale Strong made a purchase of shares in IREN LIMITED (NASDAQ:IREN), valued between $1,001 and $15,000. This transaction was disclosed the following day, January 29, 2026. IREN is a leader in AI data centers, having transitioned from its origins as a crypto miner to focus on AI infrastructure. This strategic pivot positions IREN as a potential outperformer in the AI sector.

The S&P 500 is reaching new record highs, driven by a resurgence in technology and AI stocks. This trend is encouraging investors to shift back towards higher-risk investments linked to the AI infrastructure sector. IREN and CoreWeave Inc. are highlighted as prominent players in this space, both experiencing a rebound after previous declines during a market consolidation phase. These companies are recognized as some of the fastest-growing and most closely watched pure-play AI infrastructure firms. CoreWeave has recently bolstered its momentum with a significant $2 billion investment from Nvidia, which strengthens their existing partnership and supports CoreWeave's expansion efforts.

Investors are closely monitoring whether the contracted Annual Recurring Revenue (ARR) for IREN continues to convert as power becomes active, rather than focusing on whether the reported revenue surpasses short-term consensus estimates. The energization timeline of Sweetwater 1, with its approximately 1.4 gigawatts capacity, remains a crucial factor in determining the realization of ARR and the durability of valuation into the fiscal year 2026. Consensus models suggest a revenue acceleration in the latter half of the year, implying that power will come online as scheduled, rather than indicating any slowdown in demand.

IREN is on the verge of launching its 1.4 gigawatt Sweetwater 1 facility. This development is significant as an OpenAI blog post highlighted a direct correlation between increased gigawatts and higher revenue growth. IREN, originally a crypto miner, has successfully pivoted to AI infrastructure, positioning itself to potentially outperform the "Magnificent Seven" tech giants by 2030. While these giants, each valued over $1 trillion, have been dominant investments over the past decade, smaller AI stocks like IREN, with its $17 billion market cap, have the potential for significant growth. The company's data centers are specifically designed to manage AI workloads, and it boasts a 3 gigawatt pipeline, addressing the energy bottleneck that has become a major challenge for AI innovation. With an 8.30% increase in its stock value, IREN is gaining momentum and could be a game changer for investors.

The current stock price of IREN is approximately $57.85, reflecting a decrease of about 8.09% with a drop of $5.09. Today, the stock has fluctuated between a low of $56.74 and a high of $62.09. Over the past year, IREN has reached a high of $76.87 and a low of $5.13. The company's market capitalization stands at approximately $16.4 billion. Today's trading volume for IREN is around 17.8 million shares.