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The latest announcement is out from Iris Energy ( (IREN) ).
On July 3, 2025, IREN Limited announced an expansion of its AI Cloud business with the purchase of 2.4k NVIDIA Blackwell GPUs, bringing its total to 4.3k GPUs. This expansion, fully funded from existing cash, positions IREN as a leading provider of next-generation compute in a supply-constrained market, supporting its growth in AI infrastructure and offering attractive risk-adjusted returns.
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 Neutral.
Iris Energy’s strong earnings call performance and technical momentum drive the overall score. However, financial performance issues, including lack of profitability and negative cash flow, weigh down the score. Overvaluation concerns and an overbought technical condition also contribute to the moderate score.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
IREN is a vertically integrated data center business focusing on Bitcoin mining, AI Cloud Services, and AI Data Centers, utilizing 100% renewable energy. It operates large-scale, grid-connected facilities in the U.S. and Canada, with a significant power and land portfolio and next-generation data centers.
Average Trading Volume: 18,244,311
Technical Sentiment Signal: Buy
Current Market Cap: $3.67B
Learn more about IREN stock on TipRanks’ Stock Analysis page.