Is IREN undervalued?

I've been doing some research on IREN, and I'm wondering if the company is currently undervalued in the market. On the one hand, IREN has a strong track record of generating revenue and profits, and its business model seems sustainable. However, its share price has been relatively stagnant over the past few years. Could this be an opportunity to invest in a company that's undervalued by the market? Or are there other factors at play that I'm not considering? Any insights you can provide would be greatly appreciated.