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Benzinga
Benzinga
Business
Rishabh Mishra

IREN Paradox: Cutting-Edge 'AI Cloud' Powerhouse or Corporate Payout Machine? Jim Chanos Sounds the Alarm on New Executive 'Stock Grant'

IREN Jim Chanos James Chanos Daniel Roberts
IREN Limited Porto,,Portugal,-,October,29,,2024,-,Silhouette,Of,Hand

IREN Ltd. (NASDAQ:IREN) is rapidly expanding as a dominant ‘AI Cloud’ powerhouse, but a controversial new executive ‘stock grant’ has renowned short-seller Jim Chanos questioning if the firm is becoming a corporate payout machine.

The $800M RSU Controversy

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