IREN Stock Rallies After Strong Q4 Earnings Beat, NVIDIA Preferred Partner Status
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IREN Limited reported strong Q4 earnings, with earnings of 66 cents per share, surpassing estimates of 14 cents, and revenue of $187.3 million, exceeding the $186.53 million forecast. The company achieved NVIDIA Preferred Partner status and is on track for $1.25 billion in annualized revenue, driven by Bitcoin mining and AI Cloud services. IREN's stock rose 7.94% to $24.87 following the announcement. Co-CEO Daniel Roberts highlighted significant operational growth and future potential in AI Cloud with over 10,000 NVIDIA GPUs planned by December 2025.
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