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Investor's Business Daily

Investor's Business Daily

Bitcoin miner Iren rallies after receiving multiple price target increases

Investor's Business Daily
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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 .