Iren Targets Both Bitcoin Mining and AI Business… “Now Is the Time to Buy”

▲ Bitcoin (BTC), cryptocurrency mining, artificial intelligence (AI) / ChatGPT-generated image

IREN, equipped with the twin growth engines of Bitcoin (BTC) mining and artificial intelligence (AI) cloud services, is emerging as a dominant player in the next-generation data center market with strong backing from Wall Street.

According to financial media outlet Insider Money on February 19 (local time), H.C. Wainwright analyst Mike Colonnese maintained a Buy rating and a $16 price target on IREN, presenting an optimistic outlook. Colonnese գնահատed that the company has ample upside potential based on its strong operational performance and scalable infrastructure.

In its recently announced fiscal second-quarter results for 2025, IREN exceeded market expectations. Quarterly revenue reached $67.8 million, surpassing the consensus estimate of $61.7 million. By segment, Bitcoin mining generated $52.0 million in revenue, while AI cloud services contributed $15.8 million. Adjusted EBITDA came in at $17.4 million.

The growth of the Bitcoin mining segment is supported by concrete metrics. IREN’s current hash rate stands at 16 EH/s, and the company plans to nearly double it to 31 EH/s by the end of 2025. Leveraging its efficient power infrastructure, IREN is strengthening its mining competitiveness and is positioned to benefit directly from rising Bitcoin prices.

The AI cloud services division is also continuing aggressive investment. IREN currently operates 816 NVIDIA H100 graphics processing units (GPUs) and plans to triple that number to 2,448 by year-end. Expanding infrastructure to meet surging AI demand has significantly contributed to revenue diversification and profitability improvements. In fact, AI segment revenue recorded meaningful quarter-over-quarter growth, driving an increase in overall corporate value.

IREN is being recognized for successfully transforming itself from a simple mining company into an AI infrastructure enterprise. The company has demonstrated flexibility in responding to Bitcoin market volatility while delivering tangible results from AI-driven growth. Backed by a solid financial structure and a clear expansion roadmap, IREN appears well-positioned to establish itself as a key player leading the convergence of digital assets and artificial intelligence technologies.

Disclaimer: This article is for investment reference only, and no responsibility is taken for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.