Reported 1 day ago
IREN Ltd. (NASDAQ:IREN) experienced a significant share price increase of 8.94% on Friday, closing at $9.75, following a record Bitcoin mining performance in May, where it mined 627 Bitcoins and generated $64.8 million in revenue. The company also reported an impressive 181% growth in net income for the third quarter of fiscal year 2025, highlighting its strong position in the market. Despite its success, experts suggest that other AI stocks may offer better investment potential.
Source: YAHOO