Is Iren Limited Stock Still a Buy?
Iren Limited (NASDAQ: IREN) has emerged as one of the most explosive growth stories of 2025, with shares surging 221% over the past six months and 68% in just the last 30 days. The company's $7.2 billion market cap might seem stretched for a business primarily known for Bitcoin mining just a year ago.
But Iren's aggressive pivot to artificial intelligence (AI) infrastructure has transformed it into something far more valuable: a picks-and-shovels play on the AI gold rush. Here's why the stock still scans as a bargain, despite its massive rally.
Image source: Getty Images.
Source Fool.com
