IREN Stock Skyrockets 500% on AI Cloud Pivot — Bitcoin Miner’s Meteoric Rally Stuns Market
IREN’s stock has had a truly extraordinary rally in 2025. After languishing in the single digits early in the year, the stock first broke out in the summer and then exploded upward in October. By Oct 3 it closed at a new high of $49.44ts2.tech and briefly traded up to $53 in early Octts2.tech. The surge continued: on Oct 14 it hit an intraday peak of $74.15, setting a new all-time highreuters.com. Volume has been extraordinaryts2.tech, reflecting frenzied demand. The stock is up roughly 10-fold from April 2024 and about 500% from a year earlierts2.techreuters.com. In the days immediately around Oct 21, IREN’s price has corrected from its highs. On Oct 21 midday shares were trading around $53.8, down about 9% on the dayreuters.com. This pullback came amid broader cryptocurrency volatility and some profit-taking. Still, after such a rapid rise most analysts view the pullback as a normal “cooling off.” Over the last week, the stock has oscillated with the market, but remains far above levels from just months ago.
