IREN Limited Surges 28% to New High, Secures Nvidia Preferred Partner Status

IREN Limited (NASDAQ:IREN) soared 28% to a new high after reporting a net income of $86.9 million in FY2025, a reversal from a $28.9 million net loss a year earlier. Total revenues expanded by 167.6% to $501 million, with Bitcoin mining contributing $484.6 million. The company also secured Preferred Partner status from Nvidia Corp. and expanded its GPU fleet to 10,900 NVIDIA GPUs.

IREN Limited (NASDAQ:IREN) experienced a significant surge in its stock price on Friday, reaching a new record high after reporting its financial results for the fiscal year 2025. The company's net income soared to $86.9 million, a remarkable turnaround from the $28.9 million net loss recorded in the previous year. Total revenues expanded by 167.6% to $501 million, driven primarily by Bitcoin mining, which contributed $484.6 million to the quarter's revenue.

The company's strong performance was further bolstered by its strategic partnership with Nvidia Corp. IREN Limited secured Preferred Partner status from Nvidia, allowing it to expand its GPU fleet. The company added 1,200 air-cooled B300 chips and 1,200 GB300s, increasing its GPU fleet to a total of 10,900 NVIDIA GPUs. This expansion is part of IREN's broader strategy to capture a larger share of the AI infrastructure market.

Analysts have expressed optimism about IREN's future prospects. Darren Aftahi of Roth believes that the company's flexibility across its 3GW+ power portfolio and ability to meet demand where it is most pronounced provide ample room for growth. Additionally, IREN's recent GPU purchases and demonstrations have built enough credibility in AI computing that customers may prefer the company to manage the full package—hardware, software, and data center infrastructure—rather than relying on a separate middleman [2].

IREN's strategic pivot towards AI cloud services, facilitated by its unique business model leveraging low-cost renewable energy for Bitcoin mining operations, positions the company as a key player in the rapidly growing 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 this market, which is expected to grow from $244 billion to $1 trillion by 2031 [3].

In summary, IREN Limited's strong FY2025 results demonstrate significant growth and strategic expansion, positioning the company for continued success in both Bitcoin mining and AI cloud services. The company's ability to scale efficiently and meet market demands makes it an attractive investment opportunity for investors seeking exposure to both sectors.

References:
[1] https://finance.yahoo.com/news/iren-ltd-iren-soars-28-175509738.html
[2] https://www.ainvest.com/news/iren-stock-sees-15-surge-q4-earnings-beat-nvidia-partnership-strong-bitcoin-mining-revenue-2508/
[3] https://www.ainvest.com/news/iren-mining-surpasses-1-billion-revenue-milestone-ai-cloud-expansion-2508/