Key Takeaways IREN trades at a 24.12X P/S, far above industry and sector averages, signaling a stretched valuation.IREN plans to scale GPUs to 140,000 by 2026, anchored by a five-year Microsoft AI Cloud contract.IREN has surged 336.8% in a year, but high capex, funding needs and bearish technicals cap near-term upside.IREN Limited (IREN) shares are currently overvalued. In terms of the trailing twelve months price/sales (P/S) ratio, IREN is trading at 24.12X, significantly higher than the Financial Miscella ...