IREN Reports Record Q Earnings Amid Bitcoin and AI Boom

Bitcoin mining company IREN has achieved record quarterly earnings, raking in $187.3 million in the most recent quarter and contributing to a remarkable $501 million in revenue for the fiscal year. This success, driven by strong Bitcoin mining operations, fueled a nearly 14% jump in its stock price during after-hours trading. The company’s impressive performance allowed it to return to profitability with a net income of $176.9 million.