In the last quarter, IREN (IREN) witnessed a significant 221% increase in its share price. This exceptional rise aligns with several key developments. On July 7, the company reported mining revenue of $65.5 million for June 2025, coupled with a robust figure of 620 Bitcoins mined. Additionally, the appointment of Anthony Lewis as Chief Capital Officer on July 1, with a focus on AI infrastructure investments, could have added confidence in the market. These latest events have added substantial weight to IREN's performance, particularly in a market that has seen a 15% rise over the past year.

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The recent substantial rise in IREN's share price, following key developments, may strengthen the company’s narrative of transitioning towards AI and cloud infrastructure, a move seen to potentially improve margins and scalability. IREN's impressive total shareholder return of 375.86% over the last three years indicates the market's long-term confidence, contrasting its recent one-year performance, where it notably outperformed the US Software industry’s return of 26.4% and the broader market's 15% increase.

These developments could impact revenue and earnings forecasts positively by affirming the company's focus on robust AI infrastructure investment, which emphasizes long-term growth potential. Despite current negative earnings of US$35.67 million, analysts project a shift to profitability over the next three years, aiming for US$546.7 million in earnings by 2028. The recent share price of US$17.94, though lower than the consensus price target of US$20.60, suggests room for potential growth as the market evaluates IREN's strategic direction and execution against its forecasted targets.

Review our growth performance report to gain insights into IREN's future.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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