Iris Energy ( (IREN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Iris Energy’s stock has experienced a moderate uptick due to the company’s strategic expansion in AI Cloud capacity, now boasting 23,000 GPUs. This move is aimed at achieving over $500 million in annualized revenue by Q1 2026, reflecting increased demand and a strong growth outlook. As a result, analysts have raised their price targets, highlighting the company’s promising future in the AI sector.
More about Iris Energy
YTD Price Performance: 269.41%
Average Trading Volume: 29,900,950
Technical Sentiment Signal: Buy
Current Market Cap: $10.48B
For further insights into IREN stock on TipRanks’ Stock Analysis page.
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