From Yahoo Finance: 2025-06-29 13:28:00

IREN Limited (NASDAQ:IREN) reported record monthly revenues in Bitcoin mining for May 2025, driven by higher Bitcoin prices and increased operating hashrate. A record number of Bitcoins were mined, with robust margins maintained despite higher electricity costs. The company is on track for Q4 2025 delivery of its AI Data Center project at Childress.

In May 2025, IREN Limited (NASDAQ:IREN) generated $64.7 million in revenue from Bitcoin mining, with $103,345 revenue per Bitcoin. Progress continues on its AI verticals, with the Horizon 1 AI Data Center project at Childress advancing. Despite potential growth, other AI stocks may offer higher returns with less downside risk. Check out our report on a promising AI stock with 100x upside potential.



Read more at Yahoo Finance: IREN (IREN) Releases Monthly Update for May 2025