{"id":43340,"date":"2025-09-10T11:36:53","date_gmt":"2025-09-10T11:36:53","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/10\/iren-stock-price-forecast-is-it-a-good-ai-infrastructure-play\/"},"modified":"2025-09-10T11:36:53","modified_gmt":"2025-09-10T11:36:53","slug":"iren-stock-price-forecast-is-it-a-good-ai-infrastructure-play","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/09\/10\/iren-stock-price-forecast-is-it-a-good-ai-infrastructure-play\/","title":{"rendered":"IREN stock price forecast: is it a good AI infrastructure play?"},"content":{"rendered":"
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IREN stock price has been in a strong bull run in the past few months, moving from a low of $5.17 in April to nearly $30 today. Its market capitalization has jumped from $1.1 billion to $7.25 billion, making it one of the best-performing in Wall Street today.<\/p>\n

Bitcoin mining and AI infrastructure <\/h2>\n

IREN, formerly known as Iris Energy, is a top Australian company in the Bitcoin mining industry. The company is known for being the most energy-efficient ones in Bitcoin mining. It is more efficient than other top companies like Cipher Mining, Bitfarms, and CleanSpark.<\/p>\n

Like a few other companies, IREN is transitioning and diversifying its business. While Bitcoin mining is a thriving industry, it has a significant limitation in that the mining difficulty increases every four years, making it more challenging to produce new coins.<\/p>\n

Therefore, the company is slowly diversifying its business as it seeks to become a major player in the AI infrastructure industry. It recently purchased 4.2k Nvidia Blackwell GPUs and then raised money to buy 8.5k more. <\/p>\n

The most recent results showed that IREN\u2019s business did well in the last financial year, helped by its Bitcoin mining business. Its revenue jumped<\/a> by 168% to $501 million.<\/p>\n

Its fourth-quarter revenue rose to $187 million, driven by $180 million in its mining operations. Most notably, its AI business, while small, had substantial growth, with its revenue rising to $7 million from $3.6 million in the same period lat year. <\/p>\n

IREN has become a highly profitable company, with it net income rising to $176.9 million. This growth was mostly because Bitcoin price was much higher in Q4 than it was last year. <\/p>\n

Why the IREN stock has soared<\/h2>\n

The main reason why the IREN share price has soared is that investors believe that it could become a major player in the AI industry. <\/p>\n

In this, investors see it replicating other companies that have become multi-billion-dollar entities. For example, CoreWeave\u2019s<\/a> <\/strong>market cap has jumped to over $44 billion, a few years after it transitioned from a Bitcoin mining company to an AI data center firm. <\/p>\n

Most recently, CoreWeave bought Core Scientific in a $9 billion<\/a>. This purchase was notable because Core Scientific nearly went bankrupt until it pivoted to the AI industry. <\/p>\n

There are signs that the AI industry will continue doing well in the coming years. For example, Microsoft reached a $17 billion deal with Nebius on Monday, while OpenAI reached an $11 bilion deal with CoreWeve earlier this year. <\/p>\n

Analysts are optimistic that the company will continue growing in the coming quarters. Its revenue estimate for the current quarter is $244 million, up by 348% from the same period last year. It will make $1.09 billion this year, a 114% increase from last financial year.<\/p>\n

IREN share price technical analysis<\/h2>\n
IREN stock chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

The daily timeframe chart shows that the IREN stock price bottomed at $5.17 in April this year and then rebounded to a high of $30 last week.<\/p>\n

It recently moved above the important resistance point at $15.8, the upper side of the cup-and-handle pattern. The stock has moved much higher than all moving averages, while the Relative Strength Index (RSI) remains nearly 70.<\/p>\n

Therefore, while IREN has more upside, there is a likelihood that the stock will pull back because of the concept known as mean reversion. This is a situation where it moves closer to its historical averages and then resumes the uptrend.<\/p>\n

The post IREN stock price forecast: is it a good AI infrastructure play?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

IREN stock price has been in a strong bull run in the past few months, moving from a low of $5.17 in April to nearly $30 today. Its market capitalization has jumped from $1.1 billion to $7.25 billion, making it one of the best-performing in Wall Street today. Bitcoin mining and AI infrastructure  IREN, formerly <\/p>\n","protected":false},"author":1,"featured_media":43341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-43340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=43340"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/43340\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/43341"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=43340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=43340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=43340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}