IREN Limited (IREN) Rebounds on Nvidia AI Surge, Canaccord’s $70 Target and New Institutional Buying – November 20, 2025
IREN Limited (NASDAQ: IREN) — the former bitcoin miner now pitching itself as a renewable-powered AI data center platform — is back in the spotlight on November 20, 2025, as fresh analyst coverage, new institutional money and an AI-driven market rally collide. By late morning U.S. trading, IREN shares were up around 10–11% near the $50 mark, after closing at $45.83 on Wednesday. StockAnalysis data shows the stock trading near $50.9 (+11%), with an intraday range roughly between $48.8 and $54.1, a 52‑week band of $5.13 to $76.87, a market cap around $14.4 billion and a trailing P/E near 25–26.