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IREN Soars 15.23% on Earnings, NVIDIA Partnership
Generated by AI AgentAinvest Pre-Market Radar
Friday, Aug 29, 2025 4:31 am ET1min read
Aime SummaryOn August 29, 2025, IREN's stock surged by 15.23% in pre-market trading, marking a significant rally driven by strong fourth-quarter earnings and strategic partnerships.
IREN reported impressive quarterly earnings of 66 cents per share, surpassing analyst expectations. This strong financial performance, coupled with the company's achievement of
Corp.'s Preferred Partner status, has bolstered investor confidence.The company's adjusted EBITDA for the fourth quarter also exceeded analyst estimates, further contributing to the positive market sentiment. Additionally,
announced a significant increase in revenue, rising from $56.80 million in Q4 2024 to $144.82 million, reflecting robust growth and operational efficiency.IREN's strategic move to secure NVIDIA's preferred partner status and procure additional GPUs for its data centers has positioned the company for future growth. The acquisition of 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s, totaling approximately $168 million, underscores IREN's commitment to expanding its GPU fleet and enhancing its data center capabilities.
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