IREN Stock Reaches New Heights: Record Revenue and Strategic AI Expansion Drive Growth

Record-Breaking Performance and Strategic Evolution

IREN Limited’s FY2025 earnings report has sparked significant investor interest, demonstrating a remarkable financial transformation. The company generated $501.0 million in revenue for the fiscal year ended June 30, 2025, representing a substantial 168% increase from FY2024’s $187.2 million.

The company’s financial turnaround has been particularly impressive, with net income surging to $86.9 million in FY2025, reversing a $28.9 million net loss from the previous year. The fourth quarter performance was exceptional, with $176.9 million in net income, significantly exceeding analyst expectations. This achievement underscores IREN’s ability to scale operations profitably.

Strategic Growth Initiatives

IREN has demonstrated remarkable expansion in both its core operations and new ventures. The company’s Bitcoin mining capacity has grown by 400% year-over-year to reach 50 EH/s, while its AI Cloud infrastructure has expanded to include 1.9k NVIDIA GPUs, with plans for further growth to 10.9k GPUs by December 2025. The company has strengthened its market position by securing $96 million in financing for NVIDIA GB300 GPUs and achieving Preferred Partner status with the chipmaker.

Infrastructure Development and Future Outlook

IREN’s growth trajectory is supported by significant infrastructure developments. The Horizon 1 data center is scheduled for completion in Q4 2025, and the Sweetwater 1 facility is expected to be operational by April 2026. The company’s expansion is backed by an impressive 2,910MW of contracted grid-connected power and 810MW of operating data center capacity, ensuring scalability for future demand.

Wall Street analysts maintain a positive outlook on IREN’s prospects, with 12 analysts holding a “Buy” consensus rating. The average price target stands at $20.86, with projections ranging from $12.00 to $26.00, representing a 17.72% potential increase from current levels. This “Moderate Buy” rating reflects strong confidence in IREN’s operational execution and long-term potential.

Looking ahead, IREN is positioning itself as a diversified growth story, transitioning from a purely speculative play. The company’s success will largely depend on its AI Cloud revenue growth and the continued scaling of Bitcoin mining operations. Key factors to watch include the company’s progress in meeting GPU expansion targets and the timely deployment of new data center facilities, which could further accelerate revenue streams.