IREN Limited (NASDAQ: IREN) Posts Record Q1, Lands $9.7B Microsoft AI Cloud Deal — Stock Swings as Compass Point Doubles Target to $105 (Nov. 7, 2025)
IREN Limited — the AI-focused data‑center operator formerly known as Iris Energy — is back in the spotlight today after reporting record fiscal Q1 FY26 results last night and riding momentum from a $9.7 billion, five‑year AI cloud contract with Microsoft announced earlier this week. Shares are volatile in Friday trading even as Compass Point doubled its price target to $105 on the company’s hyperscale AI build‑out. GlobeNewswire+2
From Bitcoin Miner to AI Cloud Powerhouse: Iris Energy’s Meteoric Rise (IREN Stock Soars on $9.7B Microsoft Deal)
Iris Energy’s stock has been on a remarkable run in 2025, reflecting both the crypto market’s revival and the company’s strategic pivot to new business lines. As of November 4, 2025, IREN trades around the high-$60s per share – roughly five times higher than its price at the start of the yearcompaniesmarketcap.com. The rally accelerated in recent weeks: the stock jumped +11.5% on November 3 alone to $67.75iren.com after a major partnership announcement. Year-to-date, IREN has soared about +480%, vastly outperforming the broader market. For context, IREN had already climbed ~500% in 2023 off of 2022’s crypto bear-market lowscompaniesmarketcap.com, and added another ~44% in 2024, but 2025’s performance eclipses those gains.
AI Goldrush: IREN Stock Rockets 500% as Bitcoin Miner Morphs into AI Cloud Powerhouse
IREN Limited is a vertically integrated data center operator that began as Iris Energy, a company known for sustainably mining Bitcoin using 100% renewable energyts2.tech. Headquartered in Australia with major operations in Canada and Texas, IREN controls roughly 2.9 GW of clean power capacity for its facilitiests2.tech. This massive energy footprint enabled low-cost crypto miningts2.tech – among the cheapest in the industry. By mid-2024 the company had scaled to ~20 exahashes of Bitcoin hashing power, making it one of the largest miners globallyts2.tech.
IREN’s 500% Rally: How a Bitcoin Miner Became an AI Cloud Juggernaut
IREN started as Iris Energy, a clean-energy Bitcoin miner, but is now aggressively pivoting to AI data centers. It owns hydro- and wind-powered sites in Canada and Texas, giving it some of the industry’s lowest power costs ts2.tech ts2.tech. Management has redeployed idle mining capacity into AI compute. In August 2025 IREN was named an “NVIDIA Preferred Partner,” granting it privileged access to high-end GPUs bitget.com. The late-September GPU order added 7,100 Nvidia Blackwell B300s, 4,200 Nvidia Blackwell B200s and 1,100 AMD MI350X cards theminermag.com. This brings the fleet to ~23,000 units theminermag.com.
Crypto Stocks Explode as Bitcoin Smashes Records – 5 Hot Picks for October 2025
With fresh records and high volatility, investors are scouring the market for crypto-linked equities. Below we dive deeper into recent news, expert commentary, and outlooks for Bitcoin and its key stock proxies.
IREN Stock Skyrockets 500% as Bitcoin Miner Reinvents Itself as AI Cloud Powerhouse
IREN began as Iris Energy, a clean-energy Bitcoin miner, and has pivoted sharply into data centers for AI/HPC workloads. Its model is vertically integrated: it owns land, power contracts, and facilities all run on 100% renewable hydro and wind power ts2.tech. This “green” setup gave IREN some of the lowest mining costs in the industry ts2.tech ts2.tech. By mid-2024 it had ~20 EH/s of hashpower, making it a top-tier miner.
APLD Stock Skyrockets on AI Deals: Applied Digital’s Big 2025 Rally, Earnings Blowout & What’s Next
Applied Digital’s stock has delivered eye-popping returns in 2025, emerging as one of the market’s hottest tech plays. Year-to-date, APLD shares have climbed roughly +280%247wallst.com, reflecting investors’ enthusiasm for companies tied to the AI infrastructure boom. The rally intensified in late September and early October: between Sept 30 and Oct 2 alone, APLD stock jumped about 19% on heavy trading volumets2.tech. This surge was fueled by buzz around new capacity leases and speculation that Applied might ink deals with a major cloud “hyperscaler”ts2.tech. By Oct 3, the stock closed at $26.53, marking a record high and capping an astounding >200% rise just in the first nine months of the yearts2.tech.
IREN Stock Skyrockets 500% as Bitcoin Miner Becomes AI Powerhouse – Here’s Why
Shares of IREN Limited have been on a phenomenal tear this year, reaching fresh record highs in early October 2025. The stock recently traded around $57–58 per share, its highest level ever, after starting the year near the low teens. Over the last month alone, IREN has jumped roughly 66%, and it’s up almost ~180% in the past quarterts2.tech. Year-to-date, IREN has skyrocketed about +382%holder.io, making it one of the best-performing stocks of 2025 by a wide margin. In fact, Zacks Investment Research just highlighted IREN as 2025’s top stock gainers in the entire marketholder.io.
Bitcoin Miner Turned AI Powerhouse: Iris Energy Stock Rockets to Record Highs
Iris Energy’s stock price has been on a tear in early October. On Friday, Oct. 3, IREN shares surged about +4.2% intraday to close near $49 – marking a fresh all-time high of $49.44 during the sessionts2.tech. This capped a remarkable week and continued a parabolic uptrend: the stock was ~$5 one year ago and ~
Iris Energy’s Dual Engine Revolution: Can This Bitcoin Miner Outshine Rivals in 2025 and Beyond?
Iris Energy’s FY‑2025 results highlight how the company is transforming from a mid‑sized miner into a diversified digital‑infrastructure provider. Total revenue surged 168 % to US$501 m, driven by a 186 % jump in bitcoin mining revenue to US$484.6 m and a 430 % increase in AI cloud services revenue to US$16.4 m iren.gcs-web.com. The company mined 5,499 BTC for the year, up from 4,195 in FY‑2024, thanks to a quadrupling of its hash rate to 25.7 EH/s and a bitcoin price that averaged US$88.1k iren.gcs-web.com.
Iris Energy Rockets to Record High Amid AI Mining Frenzy – Is the Rally Sustainable?
As of Oct 3, 2025 trading, Iris Energy is near $49.00 per share, up about 4.2% intraday indmoney.com. The stock closed Sept 30 around $46.93 investing.com and hit an all-time peak of $49.44 on Oct 3 za.investing.com. Over the past month, IREN has surged +66.7%, and +179.6% over 3 months, dwarfing its peers and the S&P 500. The 1-year gain is roughly +460–500% za.investing.com indmoney.com – turning every $10K into ~$56K. Trading volume remains high indmoney.com. The chart is an eye-popping uptrend from its ~$5 low a year ago to ~$49 today indmoney.com za.investing.com. Analysts note the stock is now “overbought” za.investing.com, but the momentum has been undeniable.
IREN Stock Today (Sept 26, 2025): AI Cloud Moonshot Meets Wall Street Reality Check—Is the Rally Just Pausing or Running Out of Fuel?
IREN shares are sharply lower after JPMorgan cut the stock to Underweight, even as it lifted its price target to $24 from $16—a call that implies sizable downside from recent levels following a torrid run. The note, summarized by multiple outlets, frames valuation as stretched relative to execution risk in high‑performance compute build‑outs. Investing.com+1
Bitcoin Miner to AI Cloud Sensation: Why Iris Energy (IREN) Stock Is Soaring in 2025
Below we delve into Iris Energy’s latest developments, its dual exposure to Bitcoin and AI, recent news from the past few days, and what experts predict next for this high-flying stock.
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