IREN Surges 11.37% on $470M in Volume Ranking 238th as Bitcoin Mining and AI Cloud Services Drive Record Profits

On August 6, 2025, IREN (IREN) surged 11.37% with a trading volume of $0.47 billion, ranking 238th in market activity. The company’s July 2025 monthly update highlighted record $86 million in revenue and $66 million in hardware profits, driven by Bitcoin mining and AI Cloud services. The firm expanded its AI Cloud infrastructure with 2,400 NVIDIA B200/B300 GPUs and completed initial B200 shipments. A 50MW liquid-cooled AI data center in Childress is on track for Q4 2025 delivery, while Mackenzie’s fiber upgrade enhances network redundancy for AI Cloud scalability.

IREN’s Bitcoin mining operations saw a 15 J/TH efficiency rate, with average hashrate rising to 45.4 EH/s, contributing to $83.6 million in revenue. Hardware profit margins remained strong at 76%, supported by higher Bitcoin prices and optimized electricity costs. The company also emphasized strategic partnerships, including white-label AI cloud services with U.S. providers, and plans to scale liquid cooling capacity at Childress to support future growth. Management noted robust demand for Blackwell GPUs and the flexibility of integrating ASICs and GPUs at Prince George.

A backtested trading strategy involving purchasing the top 500 high-volume stocks and holding for one day returned 166.71% from 2022 to the present, significantly outperforming the 29.18% benchmark. This underscores the potential of liquidity concentration in volatile markets, where high-volume stocks often exhibit momentum-driven price appreciation. However, the strategy’s success depends on rapid market shifts, highlighting the need for caution amid changing trends.