Bitcoin Miner Iren Rallies Post-Earnings
This is a news story, published by Investor's Business Daily, that relates primarily to Iren news.
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Bitcoin mining revenueInvestor's Business Daily
•Bitcoin miner Iren rallies after receiving multiple price target increases
84% Informative
Bitcoin miner Iren (IREN) reported a Q1 2025 loss of $51.7 million , widening from a $27.1 million loss.
AI cloud services revenue jumped 28% to $3.2 million , which Iren credited to additional GPUs commissioned in April .
Canaccord and H.C. Wainwright both lifted their price targets on IREN stock.
Meanwhile, bitcoin rebounded near $ 94,500 Wednesday morning after retreating as low as $90,784 .
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