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IREN

IREN stock price could soar
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Here’s why IREN stock jumped after the CoreWeave and Meta Platforms deal

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IREN stock price jumped by more than 2% and approached its all-time high after a major $14 billion deal between Meta Platforms and CoreWeave and after a bullish report on AI spending from Citi.

Summary

  • IREN stock price soared after a big deal between Meta Platforms and CoreWeave.
  • Meta will buy AI computing power from CoreWeave in a $14 billion deal.
  • IREN jumped as investors predicted a similar deal with a hyperscaler.

IREN, a popular Bitcoin (BTC) mining company, jumped to $46.80, a few points below the all-time high of $49. It has advanced by 870% from its lowest level this year, bringing its market capitalization to more than $14 billion.

IREN shares jumped after Meta Platforms, the parent company of Facebook and WhatsApp, inked a $14 billion deal with CoreWeave. Meta will take advantage of CoreWeave’s infrastructure to accelerate its AI development. 

The deal came a few weeks after Microsoft reached a similar deal with Nebius. Therefore, IREN stock is soaring as investors anticipate similar deals in the coming months as it ramps up construction of its AI data centers.

In a report published today, Citigroup raised its estimate of AI data center spending. The Wall Street bank now expects that technology giants will spend $2.8 trillion on AI data centers by 2029, up from its previous estimate of $2.3 trillion.

Citi also expects that the top hyperscalers, such as Microsoft, Amazon, Meta, and Google, will spend $490 billion by the end of 2026, up from the previous estimate of $420 billion.

If these estimates are correct, it means that companies providing AI infrastructure solutions, such as IREN, will continue to perform well in the foreseeable future.

In a recent statement, IREN said that it had doubled its AI cloud to 23k Nvidia and AMD GPUs as it seeks to become a major player in the industry. Its near-term target is to have about 60,000 GPUs. 

Most importantly, it hopes to reach an annualized run rate of $500 million by Q1 2026, a large figure for a segment that generated just $7 million in revenue in the last quarter.

IREN stock price technical analysis 

IREN stock chart | Source: crypto.news

The daily timeframe chart shows that the IREN share price has been in a strong uptrend over the past few months, moving from a low of $4.96 in April to $46 today, bringing its market capitalization to more than $12 billion.

IREN’s share price has remained significantly above all moving averages, while the rising Average Directional Index shows that the trend is gaining momentum.

However, IREN’s stock has become highly overbought as the Relative Strength Index and Stochastics have risen.

Therefore, the most likely scenario is that the stock continues rising as AI momentum accelerates and as traders wait for a potential deal with a hyperscaler. However, a smaller pullback cannot be ruled out in the near term as investors begin to book profits.



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3 reasons the IREN stock price may crash soon
Crypto Trends

3 reasons the IREN stock price may crash soon

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IREN stock price is in a strong bull run this year as investors cheer its strong earnings and the ongoing diversification into the artificial intelligence industry.

Summary

  • IREN stock price has jumped as the company targets $500 million ARR in AI revenue in Q1.
  • It also jumped after the recent $17 billion deal between Microsoft and Nebius.
  • However, IREN has become overbought and could go through a mean reversion.

IREN has moved from the April low of $5.17 to $50, bringing its market capitalization to $13 billion.

IREN, one of the top Bitcoin (BTC) mining companies, has jumped after it published strong results and shared his vision of becoming a major AI data center operator. 

The results showed that its Bitcoin mining operations generated $180 million in Q4 2025, an increase from the $141 million it made in the same period last year. Its AI cloud revenue doubled to $7 million, and management expects its annualized run rate to hit $500 million in the current quarter.

In addition to this strong revenue growth, the company shared its vision of being a major AI data center provider. It recently announced that it had doubled its capacity to 23,000 GPUs.

IREN stock has also jumped after some notable announcements that showed demand for AI computing power remains strong.

For example, Microsoft recently inked a $17 billion deal with Nebius, a company that provides similar services. OpenAI has a $12 billion deal with CoreWeave, and Nvidia is partnering with OpenAI to boost data center spending. 

As such, investors believe that one or more Big Tech companies will also announce IREN as a partner in a multiyear deal. Also, there is hope that it could become a buyout target. CoreWeave recently announced a buyout of Core Scientific, a similar company.

Why IREN share price may crash soon

The first main reason why the IREN share price may crash is that the data center industry is a capital‑intensive one. For example, it recently spent $676 million on buying GPUs from Nvidia and AMD.

As such, funds from its Bitcoin mining operations will not be enough to fund its growth. Therefore, there is a possibility that management will use the elevated stock price to raise capital. Such a move will be highly dilutive to existing investors.

Second, there are concerns about its valuation as it now trades at a forward P/E ratio of 50.

IREN technicals point to a pullback

Meanwhile, technical analysis suggests that the IREN stock price has become significantly overbought as the Relative Strength Index and the Stochastic Oscillator have moved to overbought levels. It is common for overbought assets to have a pullback.

The other reason is that the stock’s standard deviation has soared in the past few months. As a result, it remains much higher than the 50‑, 100‑, and 200‑day exponential moving averages.

IREN stock price chart | Source: TradingView

Therefore, the stock will likely go through mean reversion, a situation where it falls back to its traditional averages. This mean reversion happens as investors start to book profits.



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Bitcoin (BTC) Mining Profitability Fell in August, Jefferies Says
NFT Gaming

AI Bet Means Big Upside for IREN

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IREN (IREN), one of the largest self-operated BTC$113,866.40 miners in the U.S., is breaking away from the pack, and Wall Street is taking notice.

Bernstein analysts raised their price target on IREN to $75 from $20, implying about 80% upside, as the miner doubles down on building its own AI cloud business rather than relying on co-location deals with partners like CoreWeave (CRWV).

IREN has already had a major move, ahead more than eight-fold from its 52-week low of $5.13 hit in April. The shares are higher by 365% year-over-year.

The broker now sees IREN’s AI pivot as credible, despite early skepticism about the miner’s ability to execute on a capital-intensive data center build-out and compete with AI cloud players tied to hyperscalers and Nvidia (NVDA).

IREN is guiding for rapid growth, the report noted, with $500 million in annual recurring revenue by Q1 2026 on 23,300 GPUs, up from roughly $14 million in Q1 2025.

Beyond AI, IREN retains flexibility with its 3 gigawatt (GW) power portfolio, balancing bitcoin mining and AI workloads to maximize revenue per megawatt, Bernstein analysts led by Gautam Chhugani wrote.

Its 50 EH/s mining operation generates an estimated $600 million in annualized EBITDA at current bitcoin prices, funding its AI expansion, according to the analysts.

Bernstein has shifted its valuation approach to a sum-of-parts model, assigning 87% of enterprise value to AI cloud and co-location potential at IREN’s 2GW West Texas site, with the remaining 13% coming from bitcoin mining.

At the revised target, IREN would trade at $7.5 million per megawatt (MW), above other AI-focused miners but still far below established data center peers like CoreWeave, suggesting further room for multiple expansion, the report added.

Read more: IREN Shares Jump 11% in Pre-Market Trading as Bitcoin Miner Doubles AI Cloud Fleet



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HUT, BITF, CIFR, RIOT, IREN Among BTC Miner Big Gainers
NFT Gaming

HUT, BITF, CIFR, RIOT, IREN Among BTC Miner Big Gainers

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Crypto mining stocks jumped on Tuesday after Nebius Group announced a five-year agreement to supply Microsoft (MSFT) with graphic processing units valued at $17.4 billion.

The deal, aimed at bolstering Microsoft’s artificial intelligence infrastructure, sparked investor enthusiasm for companies with large-scale computing power, bitcoin miners among them.

Read more: CoreWeave Shares Gain 4.5% After Launch of VC Arm Targeting AI Startups

The rally in mining shares came even as bitcoin BTC$111.186,70 itself gave up an early advance and declined by about 1% to $111,100 over the past 24 hours. The contrast underscored how investor attention is increasingly tied to the role mining infrastructure could play in the AI boom rather than just bitcoin’s price action.

Leading was a 22% gain for Bitfarms (BITF), while shares of Cipher Mining (CIFR) rose 20%. IREN (IREN), Hut 8 (HUT), Riot Platforms (RIOT) and TeraWulf (WULF) were up mid-teens percentages.

Interestingly, the weakest sector performer was MARA Holdings, which in recent months has positioned itself as more of a bitcoin treasury company, rather than high performance computing player. Shares of MARA were higher by just 4% on Tuesday.

The outsized moves reflect the industry’s shifting reality. For years, mining profitability was largely dictated by bitcoin’s four-year halving cycle, when block rewards are cut in half. That rhythm no longer dominates, leaving companies exposed to surging power costs, relentless hardware production, and intensifying competition. Hardware makers like Bitmain continue to expand, adding pressure to an already crowded field.

At the same time, AI is reshaping the business model. Miners with large energy footprints and advanced computing infrastructure are exploring ways to lease capacity to hyperscalers or pivot toward data center services. The Nebius-Microsoft deal highlighted how valuable GPU access has become and why markets are rewarding miners with scalable infrastructure.



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Bitcoin (BTC) Mining Profitability Rose 2% in July, Jefferies Says
Crypto Trends

BTC Miner IREN Soars 25% After Earnings

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IREN (IREN) reported fourth-quarter results that highlighted rapid progress in both its bitcoin mining and artificial intelligence infrastructure businesses, according to a Friday research report by broker Canaccord Genuity.

The broker reiterated its buy rating on the stock and hiked its price target 60% to $37 from $24, citing stronger visibility in both mining and AI revenue streams.

In early trading, shares are higher by 25% to $28.75.

The company’s mining unit reached an annualized revenue run rate above $1 billion, powered by 50 exahash per second (EH/s) of capacity and one of the industry’s most efficient fleets at 15 J/TH, operating on 3.5 cent/kWh power, analysts led by Joseph Vafi wrote. That translates into a $36,000 cost to mine a bitcoin, well below market levels.

Bitcoin mining revenue came in at $187.3 million for the quarter, up 33% sequentially, while adjusted EBITDA jumped 46% to $121.9 million.

On the AI side, IREN is accelerating expansion, the report noted. The bitcoin miner quadrupled its hashrate and added another megawatt of power capacity, now totaling 3 MW, with further growth expected in fiscal 2025.

The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty.

Canaccord also noted IREN’s recent designation as an NVIDIA (NVDA) preferred partner, which came almost simultaneously with the announcement of the purchase of an additional 2,400 GPUs.

With 2,910 MW of secured power capacity and some of the lowest all-in cash costs in the industry, Canaccord argues IREN is positioned to become one of the largest and most efficient publicly listed miners, with significant optionality in high-performance computing.

Read more: IREN Posts First Full-Year Profit on AI Cloud Growth, Mining Expansion; Shares Climb



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Here’s why the IREN stock price has blasted to all-time high
GameFi Guides

Here’s why the IREN stock price has blasted to all-time high

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The IREN stock price surged to a record high on Friday, Aug. 29, after the Bitcoin mining company published strong financial results, leading to a set of analyst upgrades. 

Summary

  • IREN stock price jumped to a record high after strong financial results. 
  • Wall Street analysts are upbeat about the company as it pivots to AI.
  • Technical analysis points to a brief pullback in the near term. 

IREN jumped to a high of $28.50, up by 2,770% from its lowest point in 2023, giving it a market capitalization of over $7.3 billion. It has soared by over 140% this year.

Analysts boosts IREN stock forecast after earnings

IREN, a top Bitcoin (BTC) miner and an upcoming AI data center operator, received strong bullish calls from analysts after it reported strong financial results. 

Darren Aftahi, an analyst from Roth MKM, boosted his target from $26 to $35 as he maintained a buy rating. Joseph Vafi of Cannacord Genuity boosted the forecast to $37, while Nick Giles of B. Riley hiked it to $29.

These analysts were reacting to the company’s financial results, which showed that its Bitcoin mining and AI data center businesses boomed in the second quarter. 

IREN’s revenue jumped by 255% in Q4’25 to $187.5 million. This growth was driven by its mining operations, which generated $180 million, and its AI cloud revenue, which increased to $7 million. 

IREN’s mining business benefited from a jump in hash rate, which boosted its Bitcoin production and higher BTC prices. Its recent production report showed that it mined over 700 coins in July.

IREN is working to become a major AI cloud business as the boom continues. It hopes to reciprocate CoreWeave’s business to offer an AI workload for developers. In this regard, it has placed orders for thousands of Blackwell chips from Nvidia. 

Analysts are upbeat about IREN’s business, with the average revenue estimate for the current quarter being $240 million, a 342% annual increase. Its annual revenue will jump to $1.1 billion this new financial year.

IREN share price analysis 

IREN stock chart | Source: Tradingview

The weekly timeframe chart shows that the IREN stock has been in a strong bull run this year. This trend accelerated when the company published its financial results. 

IREN share price remains comfortably above the crucial resistance level at $15.90, where it formed a double-top pattern in 2024. It is also much higher than the moving averages. 

Therefore, the most likely scenario is where it plunges and retests the support at $15.90 and then resumes the uptrend. This performance is known as a break-and-retest and is a common continuation sign. 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



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IREN Post First Full-Year Profit, Shares Rise
Crypto Trends

IREN Post First Full-Year Profit, Shares Rise

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Bitcoin BTC$109,698.58 miner IREN (IREN) posted its first full-year profit as the company founded in 2018 expanded into AI cloud computing and ramped up production capacity with more efficient rigs. The stock climbed in pre-market trading.

Net income in the year ended June 30 rose to $86.9 million from a loss of $28.9 million the year before, IREN said on its website on Thursday. Revenue more than doubled to a record $501 million as the Sydney-based company increased production capacity to 50 exahashes per second (EH/s). Adjusted earnings before interest, tax, depreciation and amortization (Ebitda) surged to $269.7 million, nearly five times last year’s level,

With nearly 3 gigawatts of contracted power and expansion in both bitcoin mining and AI infrastructure, IREN has positioned itself as one of the sector’s fastest-growing participants. Market cap, currently $5.3 million, is on the verge of overtaking its largest rival, MARA Holdings (MARA), which is valued at under $6 billion, Farside Investors data shows.

The Nasdaq-traded stock rose 13% before the market opening, adding to the year’s existing gain of more than 120%.

Mining operations generated more than $1 billion in annualized revenue, while the AI cloud unit is on track for as much as $250 million in annualized revenue by December, the company said. It has 10,900 NVIDIA GPUs already deployed and capacity for more than 60,000 GPUs across existing sites.



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