Bitcoin News Today: IREN's Hydro Edge Fuels AI Infrastructure Boom

IREN Limited (NASDAQ: IREN) has surged to a 52-week high, driven by its strategic pivot from Bitcoin mining to AI-driven data center infrastructure. The stock has gained over 186% in 2025, fueled by a shift toward high-performance computing (HPC) and cloud services. The company's repurposed Prince George facility in British Columbia, supported by low-cost hydroelectric power, now serves as a hub for AI workloads, with plans to expand to 10,900 NVIDIA GPUs by year-end, including 1,200 cutting-edge B300 units. This transition aligns with growing demand for AI infrastructure, as data centers require scalable energy and computing resources to support advanced workloads.

Recent developments underscore IREN's momentum in the AI sector. The company has secured multi-year cloud contracts for 11,000 of its 23,000 GPUs, generating $225 million in annualized run-rate revenue (ARR) by the end of 2025. These contracts, averaging two-year terms, reflect strong market confidence in IREN's ability to deliver high-density computing solutions. The firm projects total AI cloud revenue exceeding $500 million by early 2026, leveraging its 2,910-megawatt power portfolio and renewable energy infrastructure to maintain competitive power costs of $0.033 per kilowatt-hour.

IREN's dual strategy of maintaining Bitcoin mining operations while expanding into AI infrastructure provides a balanced revenue stream. Current Bitcoin mining generates steady cash flow, with a breakeven cost of $36,000 per BTC. This baseline supports the company's AI expansion, which remains sensitive to Bitcoin price fluctuations but is insulated by non-dilutive financing through 36-month GPU leases. The coexistence of both ventures reduces risk while capitalizing on the complementary demand for energy-efficient computing.

Market dynamics highlight both opportunities and risks for IREN's stock. While the company's pivot has driven a 27% post-earnings rally, technical indicators suggest short-term volatility. The stock's RSI of 80 signals overbought conditions, raising the likelihood of a pullback to the $24–$25 support range. Analysts remain split, with 15 ratings averaging a $47.73 price target-20.57% below the current $63.37 level-reflecting cautious optimism about execution risks and profit-taking pressures.

IREN's infrastructure positioning is further reinforced by its capacity for 100,000+ GPUs and ongoing Horizon data center construction in Texas. The company's 2.75-gigawatt power pipeline and strategic partnerships with AI leaders position it to meet projected global AI data center demand, which is expected to grow from 44 gigawatts today to 156 gigawatts by 2030. IREN's ability to secure contracts ahead of hardware deployment, combined with its renewable energy edge, differentiates it from peers and aligns with industry trends toward sustainable, high-density computing.

Source: [1] MarketBeat (https://www.marketbeat.com/originals/iren-is-up-186-ytd-on-ai-pivot-and-its-just-getting-started/)

[2] GlobeNewswire (https://www.globenewswire.com/news-release/2025/10/07/3162322/0/en/IREN-Secures-New-Multi-Year-AI-Cloud-Contracts.html)

[3] MarketChameleon (https://marketchameleon.com/articles/b/2025/10/7/iren-secures-225m-ai-cloud-contracts-eyes-500m-revenue-gpu-expansion)

[4] Simply Wall St (https://simplywall.st/stocks/us/software/nasdaq-iren/iren/news/valuing-iren-nasdaqgsiren-after-major-ai-cloud-expansion-and)

[5] Medium (https://medium.com/@johnmel8888/power-play-how-cifr-and-iren-could-be-the-ai-infrastructure-sleeper-stocks-of-2025-357f2574ad6e)