IREN’s 24.24% Drop in Trading Volume to $610M Drags It to 164th Spot Amid AI Cloud Pivot

On September 5, 2025, , , ranking it 164th in market volume. .

Recent developments highlight IREN’s strategic shift from a pure-play Bitcoin miner to a diversified AI cloud infrastructure provider. The company has drawn institutional interest due to its improving profitability and accelerated revenue growth. Analysts note its expansion into the AI sector positions it to capitalize on the growing demand for cloud services, a trend reinforced by its recent earnings report and infrastructure investments.

Despite a pullback from recent highs, IREN remains a focal point for investors tracking the cryptocurrency and AI sectors. Institutional backing and its pivot into high-growth markets are seen as key drivers for long-term potential, though short-term volatility remains tied to broader market sentiment and sector-specific dynamics.

results for a strategy involving daily rebalancing of the top 500 stocks by trading volume (from January 1, 2022, . A narrowed approach using single securities or an ETF proxy is recommended to proceed with further analysis.