Iris Energy Stock News

IREN (IREN) is rapidly scaling datacenter capacity, leveraging vertical integration and standardized modular designs for unmatched efficiency and speed. IREN's AI cloud business is poised for significant growth, targeting $200–$250 million in annualized revenue, diversifying beyond its core Bitcoin mining operations. Strategic power procurement and secured 2.9 GW grid capacity position IREN for...

IREN stock (NASDAQ: IREN), which is the largest publicly listed Bitcoin miner that has shifted its focus to AI cloud computing, has emerged as one of the most notable stocks of 2025, increasing nearly four times year-to-date to approximately $42. Nevertheless, the upward momentum weakened on Friday, as the stock dropped nearly 10% following JPMorgan's downgrade from neutral to underweight, effe...

Over the past few stock market trading sessions, investors have become progressively more bullish on the future of crypto miner and data center company Iren (IREN 9.33%). At least some of this improving sentiment has to do with positive analyst takes; sure enough, on Monday, a pundit's monster price target increase helped lead another bull run on the shares.

IREN Limited is well-positioned after pivoting from crypto mining to AI cloud services, leveraging its substantial GPU infrastructure. The crypto miner's AI business is rapidly scaling, with management targeting $500M ARR by Q1 next year, supported by strong revenue growth and margin expansion. IREN offers 810 MW of GPU capacity online, making it an attractive partner for hyperscalers and front...

A dramatic surge in a stock's value often signals a profound shift in its underlying business. For IREN Limited NASDAQ: IREN (formerly known as Iris Energy Limited), the story is no different.

Although the performance of stocks never depends entirely on the opinions of analysts, those market professionals can have quite an impact at times. More than once this week, crypto mining company Iren (IREN -9.57%) experienced that dynamic.

Iren Limited (IREN -1.80%) is catching the attention of Wall Street analysts. Several new notes came out this week supporting the buy case for Iren stock.

IREN's stock is up 380% year-to-date, with an additional 80% gain since prior coverage, reflecting massive AI-driven momentum. The company purchased $674 million in Nvidia and AMD GPUs, doubling its fleet to 23,000 units for AI workloads. Contracted grid power expanded to nearly 3 GW, while operating data center capacity tripled to 810 MW during FY25.