Iris Energy Stock News

Procuring GPUs from Nvidia and Advanced Micro Devices has proven to be a daunting, and expensive, project for AI developers. Companies such as Nebius Group allow enterprises to rent access to GPU clusters through the cloud.

MIAMI, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to announce the launch of the  Defiance Daily Target 2X Long IREN ETF (Ticker: IRE) , expanding its suite of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative, high-growth companies. The newest addition, IRE, is designed for traders who seek magnified, short-term bullish exposure to IR...

Not for the first time this month, cryptocurrency miner and data center operator Iren (IREN 8.54%) stock smashed the S&P 500 index on a trading day. Tuesday saw the market push up the company's shares by more than 10%, giving them a very convincing victory over the index's 0.3% increase.

NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the closing of its offering of $1.0 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securitie...

IREN's stock surged to $60 as it transformed from a Bitcoin miner to a vertically integrated AI infrastructure utility. Fiscal 2025 revenue grew 168% to $501 million, with adjusted EBITDA up nearly 400% to $270 million and margins at 54%. The company expanded its AI Cloud fleet from 1,900 to 23,000 GPUs, targeting over $500 million in annualized AI Cloud revenue by 2026.

As the market continues its record-breaking surge, several leading themes, including data storage, artificial intelligence, quantum computing, and defense, have propelled select stocks to remarkable highs. Yet, in the midst of this euphoric run, some names have become extremely overbought, flashing potential warning signs for near-term investors.

I see IREN Limited as a speculative buy, driven by its pivot from crypto mining to AI data center compute, with a 10x ARR growth in this segment. IREN's AI Cloud business targets $500M ARR by Q1 FY26, with significant GPU investments and strong contracted power capacity. At the end of 2024, ARR was only $32M. Near term, I believe risk is elevated: shares are overbought since early September, va...

In a market where nearly every discussion about artificial intelligence (AI) circles back to the "Magnificent Seven" tech giants, a quieter contender is slowly beginning to steal the spotlight: Iren (IREN -2.58%), an Australian company once known primarily for Bitcoin mining.