Iris Energy ( (IREN) ) has provided an update.
On April 16, 2025, IREN Limited announced a significant milestone in its Bitcoin mining operations, having increased its installed self-mining capacity from 37 EH/s to 40 EH/s. This expansion is part of their strategic plan to reach 50 EH/s in the first half of 2025, which positions IREN as a leading low-cost Bitcoin producer. The company attributes this growth to the rapid expansion of its data center capacity at Childress and its efficient mining operations, which are expected to continue scaling in the coming months.
Spark’s Take on IREN Stock
According to Spark, TipRanks’ AI Analyst, IREN is a Neutral.
Iris Energy’s overall stock score reflects strong revenue growth and strategic initiatives in Bitcoin mining and AI data centers, which are promising for future potential. However, the company faces significant challenges in profitability, cash flow, and valuation metrics, compounded by bearish technical indicators. The positive guidance from the latest earnings call helps offset some of these concerns, suggesting cautious optimism for future developments.
To see Spark’s full report on IREN stock, click here.
More about Iris Energy
IREN Limited is a company involved in the Bitcoin mining industry, focusing on expanding its data center capacity and enhancing its mining efficiency. The company aims to be a large-scale, low-cost producer of Bitcoin, leveraging its data centers and efficient fleet to achieve its operational goals.
YTD Price Performance: -47.90%
Average Trading Volume: 15,744,789
Technical Sentiment Signal: Buy
Current Market Cap: $1.29B
For a thorough assessment of IREN stock, go to TipRanks’ Stock Analysis page.