IREN Ltd. (IREN) extended winning streak to 7th day, aiming for higher hash rate target

From Yahoo Finance: 2025-06-28 10:25:00

IREN Limited (NASDAQ:IREN) extended its winning streak to a 7th day, closing at $14 per share with a 6.79% jump on Friday. The company aims to reach a 50 EH/s hash rate by the end of June, a 30% increase from last month’s 38.4 EH/s. IREN reports that 50 EH/s generates $977 million in annual mining revenue, with 41 EH/s of miners already installed as of June 5, 2025. In the third quarter of fiscal year 2025, IREN Ltd. saw a 181% increase in net income after tax to $24.2 million, with Bitcoin mining revenues up 164% to $141.2 million year-on-year.



Read more at Yahoo Finance: IREN Ltd. (IREN) Soars for 7th Day, as Firm On Track to Hit Hash Rate Target