IREN, a company transitioning from Bitcoin mining to AI infrastructure, continues to experience high share-price volatility despite progress in its pivot. The company has set a revenue target of $4B and announced a deal with Mirantis. However, its shares remain volatile and are trading below key moving averages. The article, published on 2026-08-12T15:12:08+02:00 by Rafael Müller, highlights that the AI pivot is gaining traction, yet the stock has not shaken off its rollercoaster pattern.