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IREN Stock Skyrockets 500% as Bitcoin Miner Reinvents Itself as AI Cloud Powerhouse

IREN Stock Skyrockets 500% as Bitcoin Miner Reinvents Itself as AI Cloud Powerhouse

Business Model & Industry 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 (Canada, Texas) 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 (around $0.03–$0.038 per kWh) ts2.tech ts2.tech. By mid-2024 it had ~20 EH/s of hashpower, making it a top-tier miner. Starting in 2024, management began aggressively re-purposing idle capacity to AI computing ts2.tech. In August 2025 it became an Nvidia “Preferred
10 October 2025
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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 Stock Skyrockets 500% as Bitcoin Miner Becomes AI Powerhouse – Here’s Why

IREN’s Stock Hits Record Highs in 2025 Shares of IREN Limited (NASDAQ: IREN) 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 quarter ts2.tech. Year-to-date, IREN has skyrocketed about +382% (through Oct. 6) holder.io, making it one of the best-performing stocks of 2025 by a wide margin. In fact, Zacks Investment Research just highlighted IREN
7 October 2025
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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 Stock Today (Sept 26, 2025): AI Cloud Moonshot Meets Wall Street Reality Check—Is the Rally Just Pausing or Running Out of Fuel?

Key facts (as of 14:27 UTC, Sept 26, 2025) The story today (Sept 26, 2025) 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 (HPC) build‑outs.  Investing.com+1 At the same time, the AI narrative remains front and center. Industry trade press today reiterated IREN’s GPU expansion to 23k units and near‑term liquid‑cooled GB300 NVL72 deployments at its Prince George campus—details that buttress management’s push to turn spare power and real estate
26 September 2025
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