
IREN Stock Forecast & Price Target
IREN Analyst Ratings
Bulls say
IREN Ltd has demonstrated significant financial growth in its self-mining operations, with revenues surging 129% quarter-over-quarter to $113.5 million, attributed to higher average BTC prices and increased production of 1,347 BTC. The company's gross profit margin improved substantially to 74.8%, alongside a strong adjusted EBITDA margin of 52.3%, indicating enhanced operational efficiency and profitability. Additionally, IREN's cash position strengthened, rising to $427.3 million, which supports future growth initiatives and reflects positive investor sentiment in the rapidly expanding sectors of Bitcoin and AI powered by renewable energy.
Bears say
IR N Ltd. has reported a decline in AI cloud services revenues, dropping to $2.7 million from $3.2 million in F1Q, indicating potential challenges in their operational growth. Additionally, the strategic decision to redirect capacity from Bitcoin mining to an AI data center has resulted in a lowered calendar year-end 2025 outlook from 57 EH/s to 52 EH/s, which may impact future profitability. Lastly, the termination of the relationship with Morgan Stanley has raised concerns regarding demand in the Sweetwater region, especially in the context of a bearish scenario where Bitcoin prices are projected to fall below $50,000 through 2025.
This aggregate rating is based on analysts' research of Iris Energy Ltd and is not a guaranteed prediction by Public.com or investment advice.
IREN Analyst Forecast & Price Prediction
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