IREN Stock Soars 15% Amid Strong Q4 Earnings and Nvidia Partnership

IREN's Q4 adj. EBITDA beat expectations at $121.9 million, while Bitcoin mining revenue surged 233% to $180.3 million. The company is leaning more heavily into AI Cloud and has purchased 1,200 Nvidia GPUs for $168 million, bringing its total fleet to 10,900 units. Roth analyst Darren Aftahi believes IREN has flexibility across its power portfolio and is moving to meet demand where it's more pronounced, primarily in AI Cloud.