Why did Iren Ltd. (Iren) on Friday

We recently published a list of 10 stocks dominate like Wall Street. In this article, we will look at the place where Iren Ltd.

I witnessed Ltd. The price of its shares increased by 8.94 percent on Friday, to close at 9.75 dollars each, as investors chanted the performance of the standard bitcoin mining last month.

In a statement, Iren Ltd. said. (NASDAQ: IRN) It ​​managed to extract 627 bitcoins last month, achieving revenues of $ 64.8 million. The number was higher than 579 in April and 533 debts in March, which both achieved $ 50.1 million and $ 45.3 million, respectively.

A table full of technology, with bitcoin mining platforms and a laptop that displays a financial graphic fee.

Iren Ltd. said. (NASDAQ: IRN) The high production of Bitcoin is a higher operating rate of 38.4 EH/S.

In the future, the company was on the right path to install 50 EH/S by the end of the month, with more miners in the shipping process from Southeast Asia.

In the third quarter of the fiscal year 2025, Iren Ltd. (NASDAQ: IRN) whose income after the tax was 181 percent to 24.2 million dollars from 8.6 million dollars in the same period last year.

Bitcoin mining revenues increased by 164 percent to 141.2 million dollars from $ 53.4 million on year.

In general, Iren The tenth rank In our list of the best shares on Friday. While we admit the capabilities of IREN as an investment, our condemnation lies in the belief that some of the artificial intelligence shares have a greater promise to provide higher and limited returns than negative risks. If you are looking for a very cheap inventory of artificial intelligence and is also a major beneficiary of the Trump and Bundge tariff, see our free report on The best reserves of artificial intelligence in the short term.

Read the following: 20 best Amnesty International purchase shares now and 30 best shares for purchase now according to billionaires.

Detection: Nothing. This article was originally published in A monkey from the inside.