IREN Limited Stock Surges 94% on Renewable Energy Demand

IREN Limited, a company specializing in data centers powered by renewable energy, has recently exhibited notable price movements. The stock has surged over 94% since its initial recommendation, although it has also experienced a decline of over 30% from the buy price at one point, indicating its volatility. The company's facilities are optimized for Bitcoin mining, artificial intelligence cloud services, and other power-dense compute applications. IREN Limited, formerly known as Iris Energy Limited, is based in Australia.

The stock has received a consensus rating of Buy, with an average rating score of 3.00. This rating is based on 10 buy ratings and 1 hold rating, with no sell ratings. The company's recent price movements have been notable, with a 7.7% increase in its stock price on June 24, 2025. This price increase has sparked interest among investors, who are considering whether to buy the stock.

The cryptocurrency space has regained momentum, buoyed by several positives. This space has endured a lot of volatility, similar to equities this year. The renewed buying interest and potential continuation of the broader uptrend suggest that IREN Limited's stock price may continue to rise. The company's focus on renewable energy and its optimization for Bitcoin mining and AI cloud services position it well to capitalize on the growing demand for these technologies.