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Benzinga
Benzinga
Business
Akanksha Bakshi

Analysts Highlight IREN's Cloud Services As Long-Term Engine Behind Continued Stock Rally

IREN Reginald L Smith Bitcoin JP Morgan Nvidia
IREN Limited

IREN Limited (NASDAQ:IREN) extended its rally on Friday, continuing the momentum from the previous day. The company delivered record fiscal 2025 results that topped Wall Street estimates and unveiled a $168 million GPU expansion to accelerate its AI cloud push.

The company’s revenue more than doubled year-over-year to $501 million, net income swung to $86.9 million from a prior-year loss, and adjusted EBITDA surged more than tenfold to $269.7 million. The results underscored IREN’s rapid evolution from a pure-play Bitcoin miner into a diversified AI infrastructure provider.

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