IREN Limited Soars 19.79% on Strong Q4 Earnings, AI Expansion

IREN Limited's stock surged by 19.79% in pre-market trading on September 1, 2025, driven by strong financial performance and strategic initiatives.

IREN Limited's Q4 results exceeded analysts' expectations, with a statutory profit of $0.39 per share, a 162% increase from forecasts. The company's strong FY2025 results, including $501 million in revenue and $269.7 million in EBITDA, were driven by Bitcoin mining and AI expansion. IREN leverages renewable energy and a 50 EH/s hashrate for Bitcoin mining while scaling AI cloud infrastructure with 10,900 NVIDIA GPUs by 2025.

Analysts have upgraded IREN’s price target to $37, citing low energy costs and $565 million in cash reserves. However, concerns remain about the stock's valuation and potential risks from crypto volatility, regulatory uncertainty, and GPU supply constraints. IREN's success hinges on delivering $200-250 million in AI revenue by 2025 while maintaining cost advantages.