IREN Limited Stock Rises After Record Revenue and Nvidia Partnership

The stock of IREN Limited (NASDAQ: IREN) experienced a significant price increase on August 29, 2025. The trigger was the announcement of record revenues from the data center company, as well as the announcement of additional purchases of Nvidia chips. IREN surpassed analyst expectations in the 4th quarter with a profit of 21 cents per share, compared to expectations of 18 cents. Revenue reached a record high of $187.3 million, slightly falling short of Wall Street’s forecast of $188.9 million. Notably, 96% of the revenue came from cryptocurrency...