IREN Limited Reports Record Revenue and Progress in AI Data Centers

Iris Energy ( (IREN) ) has issued an announcement.

On June 5, 2025, IREN Limited announced record monthly revenue and hardware profit for May 2025, driven by increased Bitcoin prices and operating hashrate. The company is on track to achieve a 50 EH/s hashrate by the end of June and is progressing with its AI data center projects, including the Horizon 1 AI Data Center, expected to be completed by Q4 2025. These developments highlight IREN’s robust operational performance and strategic expansion in the cryptocurrency and AI sectors.

The most recent analyst rating on (IREN) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on Iris Energy stock, see the IREN Stock Forecast page.

Spark’s Take on IREN Stock

According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.

Iris Energy’s stock score reflects its strong revenue growth and promising expansion in Bitcoin mining and AI Cloud services. However, profitability challenges and negative cash flow impact the financial performance score. The technical indicators are positive, showing bullish momentum, while the earnings call offers an optimistic outlook due to strategic infrastructure investments. Valuation metrics suggest caution, as the stock appears overvalued based on current earnings.

To see Spark’s full report on IREN stock, click here.

More about Iris Energy

IREN Limited operates in the cryptocurrency and AI cloud services industry, focusing on Bitcoin mining and AI data centers. The company is expanding its data center capacity and aims to enhance its AI cloud services, positioning itself as a significant player in these markets.

Average Trading Volume: 14,299,528

Technical Sentiment Signal: Buy

Current Market Cap: $2.14B

Find detailed analytics on IREN stock on TipRanks’ Stock Analysis page.