Bitcoin Miner IREN Surges 20% on Q4 EBITDA Beat, Nvidia AI Cloud Expansion

IREN Limited reported Q4 adjusted EBITDA of $121.9 million, beating expectations and rising from $82.9 million in Q3. Revenue was $187.3 million, roughly flat with estimates and ahead of earlier quarters. The company approaches $1.25 billion in total annualized revenue and expects $200-$250 million in annualized AI cloud revenue once it reaches 10.9K Nvidia GPUs by December 2025. Shares jumped 20% on the news.

IREN Limited (NASDAQ: IREN) reported its fiscal Q4 adjusted EBITDA of $121.9 million, surpassing analyst expectations and marking a significant increase from the $82.9 million reported in Q3. The company's revenue for the quarter reached $187.3 million, which was roughly flat with estimates but ahead of earlier quarters. IREN Limited's total annualized revenue is approaching $1.25 billion, and the company expects to generate between $200 million and $250 million in annualized AI cloud revenue once it reaches 10,900 Nvidia (NVDA) GPUs by December 2025. The news led to a 20% increase in the company's stock price during after-hours trading.

The company's robust financial performance is attributed to strong growth in both its Bitcoin mining and AI cloud segments. Bitcoin mining revenue surged by 233% to $180.3 million, driven by strategic expansions and operational efficiencies. IREN's ability to leverage its existing power infrastructure for both Bitcoin mining and AI data center buildouts has been a key factor in its growth.

IREN's investment in AI cloud services is also paying off. The company is on track to deploy 10,900 NVIDIA GPUs by the end of 2025, targeting $200-$250 million in annualized AI cloud revenue. This expansion is already showing traction, with FY2025 AI cloud revenue reaching $16.4 million, and $2.3 million generated in July alone from 2,400 newly acquired Nvidia GPUs [2].

The company's strategic pivot towards AI cloud services is facilitated by its unique business model, which leverages low-cost renewable energy for Bitcoin mining operations and positions the company as a key player in the AI infrastructure market. The company's investment in liquid-cooled AI data centers and GPU fleets, supported by a $96 million non-dilutive financing deal, underscores its commitment to capturing a significant share of the rapidly growing AI infrastructure market, which is expected to grow from $244 billion to $1 trillion by 2031 [3].

IREN's ability to generate consistent Bitcoin mining profits while rapidly scaling its AI cloud business makes it a more attractive investment than its peers in today’s market. With a diversified revenue model, superior operational efficiency, and a clear path to AI dominance, IREN is not just surviving the crypto and tech rollercoaster—it’s accelerating through it.

References:
[1] https://finance.yahoo.com/news/bitcoin-miner-iren-soars-q4-183653796.html
[2] https://www.ainvest.com/news/iren-limited-q4-ebitda-beats-expectations-stock-jumps-8-1-2508/
[3] https://www.ainvest.com/news/iren-strategic-nvidia-partnership-gpu-expansion-catalyst-long-term-ai-cloud-dominance-2508/