Why IREN Limited Skyrocketed 285% in 2025
Shares of Bitcoin (CRYPTO: BTC) miner-turned-AI-neocloud IREN Limited (NASDAQ: IREN) skyrocketed 284.6% in 2025, according to data from S&P Global Market Intelligence.
To start 2025, IREN was regarded as a small Bitcoin miner. However, after IREN began building its AI neocloud platform at the end of 2024, the company secured its first major AI cloud customers in the second half of 2025.
As investors realized one of the big constraints on the AI buildout was not semiconductors but power availability, IREN's massive 2.91 gigawatts of grid-connected, renewable-sourced power and land was soon appreciated as a scarce asset.
Source Fool.com
