IREN has been in the news 313% more than usual
Oct 09, 2025, 6:34 PM
-6.59%
What does IREN do
Iris Energy operates renewable energy-powered data centers for Bitcoin mining and AI workloads, headquartered in Sydney with 100 employees. The company went public on November 17, 2021, with facilities in Canada and Texas.
IREN has been in the news recently: IRIS Energy (IREN Ltd) shares fell after-hours following a proposed offering of convertible notes, despite the company reporting a 15% profit increase this quarter. Investor Eric Jackson described IREN as a "100x wealth machine" due to its transition from Bitcoin mining to AI power, attracting significant interest from financial giants.
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