IREN Ltd. (IREN) jumped to a new high after becoming a preferred partner of Nvidia Corp. Investors loaded up positions, leading to a 9.93% gain, hitting $29.85 before closing at $29.11. The company reported a stellar Q2, with revenues up 167.6% to $501 million, driven by Bitcoin mining and AI cloud services.

IREN Ltd. (IREN) received a vote of confidence by joining Nvidia’s Preferred Partners list. This move is expected to boost the company’s growth visibility and credibility in the booming artificial intelligence sector. The stock soared to a record high for the third straight day, showing strong investor interest.

The company swung to a net income of $86.9 million in 2025, a significant improvement from a $28.9 million loss the previous year. Revenues surged by 167.6% to $501 million, with Bitcoin mining contributing the largest share. IREN is positioned as a strong investment, but other AI stocks may hold greater potential.

Read more at Yahoo Finance: IREN Ltd. (IREN) Jumps to New High Anew on Joining Nvidia Preferred Partners