The latest announcement is out from Iris Energy ( (IREN) ).
On May 6, 2025, IREN Limited released its monthly update for April 2025, highlighting significant growth in its operations. The company increased its Bitcoin mining capacity to 40 EH/s and is on track to reach 50 EH/s by the end of June 2025. This expansion is expected to enhance IREN’s position as a leading Bitcoin producer. Additionally, IREN’s AI cloud services saw a 27% revenue increase month-over-month, with plans for further growth supported by ongoing customer and financing workstreams. The company’s Horizon 1 AI data center project remains on schedule for the second half of 2025, which is anticipated to bolster its entry into the AI data center market.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
IREN’s stock score reflects strong revenue growth and strategic expansions in Bitcoin mining and AI data centers, which contribute positively. However, profitability challenges, negative cash flow, and bearish technical indicators weigh heavily on the overall score. Valuation remains unattractive due to negative earnings, and technical analysis points to potential further downward pressure.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
IREN Limited operates in the cryptocurrency industry, focusing primarily on Bitcoin mining and AI cloud services. The company is known for its large-scale, cost-efficient Bitcoin production and is expanding its AI data center capabilities.
Average Trading Volume: 14,178,752
Technical Sentiment Signal: Sell
Current Market Cap: $1.46B
For an in-depth examination of IREN stock, go to TipRanks’ Stock Analysis page.