Why IREN Limited Skyrocketed 285% in 2025

Key Points IREN transitioned from small Bitcoin miner to an in-demand AI neocloud in 2025. After achieving Nvidia preferred partner status in August, supply and demand for IREN's capacity skyrocketed. Despite inking a landmark deal with Microsoft, IREN still has a massive amount of grid-connected land powered by renewable energy, which is a scarce asset for AI companies. 10 stocks we like better than Iren › Shares of Bitcoin (CRYPTO: BTC) miner-turned-AI-neocloud IREN Limited (NASDAQ: IREN) skyr ...