The post Cantor Fitzgerald Doubles IREN Price Target appeared on BitcoinEthereumNews.com. Hot-handed bitcoin miner turned AI infrastructure play IREN (IREN) continues to have major upside, according to Wall Street brokerage Cantor Fitzgerald. “Over the past several months, IREN has heavily leaned into its AI Cloud Services segment,” wrote analyst Brett Knoblauch. “This is a business that we believe will ultimately closely resemble that of CoreWeave (CRWV).” “While shares have done well over the expectation that IREN will entirely focus on its GPU cloud,” Knoblauch continued, “we continue to believe there is more room to run.” Knoblauch further noted that on a contracted megawatt basis, IREN is trading at about a 75% discount to its neocloud peer group. A discount is surely warranted given revenue backlog disparity, he said, but the gap should close over time, “resulting in a material re-rating on IREN shares.” Knoblauch more than doubled his price target to $100 from $49, suggesting 56% upside from last night’s close of $64.14. The stock is higher by 513% since starting the year just above $10. IREN is up marginally in premarket action to $64.50. Source: https://www.coindesk.com/markets/2025/10/14/bitcoin-miner-iren-s-ai-pivot-earns-usd100-price-target-at-cantor-fitzgeraldThe post Cantor Fitzgerald Doubles IREN Price Target appeared on BitcoinEthereumNews.com. Hot-handed bitcoin miner turned AI infrastructure play IREN (IREN) continues to have major upside, according to Wall Street brokerage Cantor Fitzgerald. “Over the past several months, IREN has heavily leaned into its AI Cloud Services segment,” wrote analyst Brett Knoblauch. “This is a business that we believe will ultimately closely resemble that of CoreWeave (CRWV).” “While shares have done well over the expectation that IREN will entirely focus on its GPU cloud,” Knoblauch continued, “we continue to believe there is more room to run.” Knoblauch further noted that on a contracted megawatt basis, IREN is trading at about a 75% discount to its neocloud peer group. A discount is surely warranted given revenue backlog disparity, he said, but the gap should close over time, “resulting in a material re-rating on IREN shares.” Knoblauch more than doubled his price target to $100 from $49, suggesting 56% upside from last night’s close of $64.14. The stock is higher by 513% since starting the year just above $10. IREN is up marginally in premarket action to $64.50. Source: https://www.coindesk.com/markets/2025/10/14/bitcoin-miner-iren-s-ai-pivot-earns-usd100-price-target-at-cantor-fitzgerald

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more