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The latest update is out from Iris Energy ( (IREN) ).
In June 2025, IREN Limited achieved several milestones, including record monthly revenues and meeting its self-mining target of 50 EH/s. The company also expanded its AI Cloud business by procuring next-generation NVIDIA GPUs, and completed an oversubscribed $550 million convertible notes offering. These developments position IREN as a leader in both Bitcoin and AI technologies, enhancing its infrastructure capabilities and market presence.
The most recent analyst rating on (IREN) stock is a Buy with a $14.00 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 Outperform.
Iris Energy’s robust revenue growth and strategic expansion in AI infrastructure are significant strengths, supported by positive market momentum and strategic corporate actions. However, high operating costs and negative profitability weigh on valuation. The overall outlook is optimistic, driven by strong operational performance and strategic focus on AI.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
IREN Limited operates in the technology industry, focusing on Bitcoin mining and AI cloud services. The company is known for its data center operations, providing infrastructure for both cryptocurrency mining and AI applications, with a significant emphasis on efficiency and scalability.
Average Trading Volume: 18,695,590
Technical Sentiment Signal: Buy
Current Market Cap: $4.05B
For a thorough assessment of IREN stock, go to TipRanks’ Stock Analysis page.