Iris Energy ( (IREN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Iris Energy’s stock movement is influenced by its record monthly revenue and hardware profit in May 2025, driven by rising Bitcoin prices and increased operating hashrate. The company’s ambitious expansion plans, including a target of 50 EH/s hashrate by June’s end and progress in AI data center projects, have kept analysts optimistic. However, concerns about profitability and negative cash flow have created mixed sentiment, leading to cautious adjustments in price targets despite the company’s strong growth in Bitcoin mining and AI Cloud services.
More about Iris Energy
YTD Price Performance: -9.85%
Average Trading Volume: 14,299,528
Technical Sentiment Signal: Buy
Current Market Cap: $2.14B
For further insights into IREN stock on TipRanks’ Stock Analysis page.
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