IREN Surges 10.5% on AI Cloud Expansion and Strategic Leadership Moves – Is This the New Bullish Catalyst?

Summary
• IREN’s stock rockets 10.5% intraday, hitting a 52-week high of $71.10.
• Company announces 10.9k NVIDIA GPU expansion and appoints Anthony Lewis as CFO.
• Options chain sees explosive volume in call options, with IREN20251024C70 trading at 105.56% price change.

IREN’s dramatic 10.5% rally on October 14, 2025, has thrust the AI cloud infrastructure provider into the spotlight. The stock’s surge follows a series of strategic announcements, including a $875M convertible note offering and a 10.9k NVIDIA GPU expansion. With the stock trading at $70.885, up from $63.26 at open, the move reflects a confluence of capital-raising optimism and AI infrastructure demand.

AI Cloud Expansion and Leadership Bolster Investor Confidence
IREN’s explosive move stems from a dual catalyst: aggressive AI cloud infrastructure scaling and strategic leadership hires. The company announced the purchase of 4.2k NVIDIA Blackwell GPUs, expanding its AI cloud to 8.5k GPUs, and secured additional financing to fund the expansion. Simultaneously, the appointment of Anthony Lewis as Chief Financial Officer (and previously Chief Capital Officer) signals a focus on capital efficiency and growth. These moves align with broader AI infrastructure demand, as evidenced by OpenAI’s recent $6B+ AMD GPU deal, which has elevated investor sentiment toward AI neoclouds with scalable GPU access.

IT Services Sector Mixed as IREN Outperforms Amid AI Infrastructure Momentum
While IREN’s IT Services sector faces mixed performance, the stock’s 10.5% rally starkly contrasts with Amazon’s -1.29% intraday decline. IREN’s AI cloud expansion positions it as a direct beneficiary of the AI infrastructure boom, leveraging its 2.91 GW power capacity and strategic NVIDIA partnerships. Unlike broader IT Services players, IREN’s focus on GPU-driven AI compute aligns with OpenAI’s recent multiyear AMD deal, which has spurred sector-wide demand for scalable compute resources.

Options and ETFs for IREN’s Volatile Rally: Calls on the Rise, Puts for Downside Protection
• MACD: 8.47 (above signal line 7.39), RSI: 75.20 (overbought), Bollinger Bands: $67.34 (upper), $48.65 (middle), $29.95 (lower)
• 200-day MA: $16.04 (far below current price), 30-day MA: $42.55 (support)

IREN’s technicals suggest a short-term bullish trend, with RSI near overbought territory and MACD divergence hinting at momentum. Key levels to watch include the 52-week high of $71.10 and the 200-day MA at $16.04. The stock’s 15.84% turnover rate and 221.89x PE ratio underscore its speculative nature, aligning with AI infrastructure hype.

Top Call Option: IREN20251024C70
• Code: IREN20251024C70
• Strike: $70, Expiration: 2025-10-24
• IV: 125.57% (high volatility), Leverage: 10.04% (moderate), Delta: 0.5919 (moderate sensitivity), Theta: -0.4065 (rapid time decay), Gamma: 0.0248 (price sensitivity), Turnover: $3.24M (liquid)
• Payoff at 5% upside ($74.43): $4.43/share. This call offers high leverage and liquidity, ideal for capitalizing on a breakout above $71.10.

Top Put Option: IREN20251024P70
• Code: IREN20251024P70
• Strike: $70, Expiration: 2025-10-24
• IV: 133.94% (high volatility), Leverage: 12.71% (high), Delta: -0.4083 (moderate downside sensitivity), Theta: -0.1660 (slow decay), Gamma: 0.0233 (price sensitivity), Turnover: $340K (moderate)
• Payoff at 5% downside ($67.39): $2.61/share. This put provides downside protection against a pullback, given the stock’s overbought RSI and high IV.

Aggressive bulls may consider IREN20251024C70 into a bounce above $71.10.

Backtest IREN Stock Performance
Below is an interactive event-backtest report that evaluates IREN.O’s price behaviour after every ≥ 11 % single-day gain from 1 Jan 2022 through 14 Oct 2025.Key points (outside the widget)• 68 qualifying surge events were identified. • A 30-day post-event holding window was used (default when the user does not specify a horizon). • Close prices were analysed because they are the most common reference for end-of-day event studies. Open the card to review win-rate, cumulative excess return and other statistics.Feel free to let me know if you’d like a different holding window, additional filters, or a comparison with alternative strategies.

IREN’s AI-Driven Momentum: A High-Volatility Play for Aggressive Bulls
IREN’s 10.5% surge reflects a perfect storm of AI infrastructure demand and strategic execution. The stock’s technicals and options activity suggest continued short-term volatility, with the 52-week high of $71.10 as a critical breakout level. While the IT Services sector remains mixed, IREN’s AI cloud expansion and NVIDIA partnerships position it as a key player in the AI compute race. Investors should monitor the $70 strike options and watch for a potential breakdown below the 30-day MA at $42.55. With Amazon (-1.29%) underperforming, IREN’s momentum could persist if AI infrastructure demand remains robust. Aggressive bulls may consider IREN20251024C70 into a bounce above $71.10.