IREN Shares Surge on Record Q4 Results, Bolstered by Bitcoin Mining and AI Expansion
IREN, a Bitcoin mining company formerly known as Iris Energy, reported record financial results for its fiscal fourth quarter and full year ending June 30, 2025, with a 14% surge in its stock price during after-hours trading.
The company’s double focus on Bitcoin mining and AI infrastructure made it stand out in both the cryptocurrency and technology sectors.
A 312.2% stock rally over the past four months shows strong market confidence in the firm’s two-revenue stream model.
Record-Breaking $501M Year Signals Financial Turnaround Â
IREN recorded $187.3 million in quarterly revenue, up 226% year-over-year, and $501 million for the full fiscal year.
FY25 Highlights (Source: IREN)
The company also saw a net income of $176.9 million in Q4, marking a return to profitability. With current Bitcoin prices and operational efficiency, IREN predicts annual revenue of approximately $1 billion, assuming stable market conditions.
IREN’s stock closed at $23.04, a 3.06% gain on the day of the earnings report, before increasing another 10.59% in after-hours trading. This performance extends a 312.2% rally from a low of $5.59 in April, showing strong investor enthusiasm.
IREN Stock Price (Source: Yahoo Finance)
The company also settled $105 million in defaulted equipment loans tied to 35,000 Antminer S19s, resolving previous financial challenges and strengthening its balance sheet for future investments.
IREN’s Bitcoin Dominance Grows with Record Hashrate
The company’s Bitcoin mining operations remain a major source of revenue. In July, the company mined 728 Bitcoin, surpassing MARA Holdings’ 703 Bitcoin, with an average hashrate of 45.4 exahashes per second (EH/s).Â
It also reached its target of 50 EH/s by mid-2025, making it one of the world’s top miners.
Company’s Existing Operations (Source: IREN)
IREN’s reliance on 100% renewable energy, especially at its British Columbia facilities, helps to improve its operational efficiency and aligns with growing demand for sustainable mining practices.
Despite a July 2024 short-seller report by Culper Research labeling the company’s stock as “wildly overvalued,” the company’s latest numbers reveal operating strength.
By combining high mining output, sustainable energy use, and debt resolution, the company is well-positioned to capitalize on favorable Bitcoin market conditions while expanding its mining capacity.
Nvidia Partnership Drives IREN’s $250M AI Revenue Goal
IREN is diversifying its revenue through a strategic expansion into AI infrastructure, using its data center expertise to tap into the growing demand for high-performance computing.
As a key Nvidia partner, the mining company increased its GPU count by 132% year-over-year to 2,400 by July 2025, generating approximately $26 million in annualized AI revenue from April to June by leasing GPU power for machine learning and other compute-intensive tasks.
The company is investing $200 million to scale its GPU fleet to 10,900 units, targeting $200–250 million in annualized AI revenue by December 2025. This goal relies on successful execution and sustained market demand.
IREN also plans to deploy up to 60,000 Nvidia Blackwell GPUs at its British Columbia site, with the aim to establish itself as a major player in AI cloud services. These ambitions are risky, especially with potential delays or financing problems, but align with the firm’s strategy to diversify beyond cryptocurrency.
