IREN Ltd. (IREN) ended a four-day losing streak, surging 7.61% to $19.08. Earnings for the full fiscal 2025 period will be released on August 28. The company met its 50 EH/s hash rate target, potentially generating $830 million in annual hardware profit.

IREN generated $83.6 million in July from mining 728 Bitcoins, a 27.6% increase from June. Average Bitcoin prices in July were 8.66% higher than in June. While IREN shows promise, some AI stocks may offer higher returns with limited downside risk. Check out our report on the best short-term AI stock.

Read more at Yahoo Finance: IREN Ltd. (IREN) Ends 4-Day Losses Ahead of Optimistic Earnings Performance