IREN Stock Recent News
IREN LATEST HEADLINES
The artificial intelligence industry has been filled with top-performing stocks, but none of them have kept up with Palantir (NASDAQ:PLTR).
The mean of analysts' price targets for IREN Limited (IREN) points to a 25% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Regulatory boosts and crypto strength spark upside in HOOD, IBKR, IREN, V and CIFR as these five stocks ride the digital wave.
IREN generated $148 million in Q3 revenue, supported by 326% YoY hashrate growth and disciplined cost controls that expanded EBITDA margin to 56%. AI Cloud now operates 1,896 Nvidia GPUs near full utilization, generating a $28 million run-rate with 97% hardware gross margins. The company controls 2.9GW of contracted power and 1,800 acres in Texas, enabling hyperscaler-grade liquid-cooled data center expansion.
Does IREN Limited (IREN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Momentum investors have a lot to dig through after an explosive tech-led surge from those now-distant Liberation Day lows.
Here, we pick three stocks, IREN, CIFR and HOOD, which are well-poised to benefit from the growing proliferation of Bitcoin and other cryptocurrencies.
Key Points in This Article: IREN's (IREN) Q3 revenue surged 172% to a record $148.1 million, with a $24.2 million profit, driven by efficient Bitcoin mining and a 98% margin AI cloud segment.
Since the historic institutional pivot of 2020, Bitcoin has steadily made its way from fringe asset to mainstream corporate treasury tool.
IREN (NASDAQ:IREN) – a Bitcoin mining data center operator that utilizes renewable energy sources such as solar and wind – has witnessed an impressive stock increase of nearly 80% over the last month. This notable rise can be linked to several recent positive events: