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IREN Limited Soars 474% Amid AI Transition Buzz

10/10/2025

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Story summary
  • IREN Limited (NASDAQ: IREN) saw 230,524 call options purchased, up 30% from average, as shares reached a 52-week high of $65.21 amid optimism about moving from Bitcoin mining to artificial intelligence.
  • Eric Jackson called IREN a "100x wealth machine" and projected over $500 million in annualized recurring revenue by early 2026.
  • Shares have surged 474.47% year-to-date.
  • Institutional investors hold 41.08% of the stock.
  • IREN is headquartered in Sydney, Australia.