---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264980692.md"
description: "JP Morgan raised the price target for IREN to $28, up from $24 previously. It is expected that IREN needs to add approximately 120,000 GPUs and will require a maximum of 320 MW of new computing power over the next 13 months. Even under Microsoft's advance payments, the company's costs are expected to exceed $9 billion"
datetime: "2025-11-08T12:54:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264980692.md)
  - [en](https://longbridge.com/en/news/264980692.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264980692.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/264980692.md) | [繁體中文](https://longbridge.com/zh-HK/news/264980692.md)


# 

JP Morgan: Raised the price target for IREN to $28 for December 2026, up from $24 previously. It is expected that IREN will need to add approximately 120,000 GPUs and will require up to 320 MW of new computing power over the next 13 months. Even with Microsoft's advance payments, the company's costs are expected to exceed $9 billion

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