IREN Limited (NASDAQ:IREN) is one of the 13 Crypto Stocks with the Highest Upside Potential. In a report released on June 17, Darren Aftahi from Roth MKM maintained a Buy rating on IREN Limited (NASDAQ:IREN) with a price target of $20.75.
The company’s May report showed record revenue and hardware profit, reporting $1.6 million in daily hardware profit and $67 million in monthly revenue. It is on track for 50 EH/s by June 30 and is executing on its Horizon 1 AI Data Center at pace, set for delivery in Q4 2025.
A table full of technology, with bitcoin mining rigs and a laptop showing a financial graph.
IREN Limited (NASDAQ:IREN) also reported positive fiscal Q3 2025 results, with record revenues of $148.1 million compared to $119.6 million in fiscal Q2 2025. The company reported a 24% growth in Bitcoin mining revenue to $141.2 million and a notable 33% rise in AI Cloud services revenue to $3.6 million.
IREN Limited (NASDAQ:IREN) mined 1,514 Bitcoin in the quarter compared to 1,347 Bitcoin in fiscal Q2 2025, supported by growth in operating hash rate.
Formerly known as Iris Energy Limited, IREN Limited (NASDAQ:IREN) is an Australia-based company that owns and operates renewable energy-powered data centers. Its facilities are specially optimized for Bitcoin mining, AI cloud services, and other power-dense computing.
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