IREN Soars 14%: Record Earnings Fuel Bitcoin & AI Expansion

Bitcoin mining firm IREN reported record financial performance for the second quarter, generating $187.3 million in revenue and achieving a positive net income. This strong showing fueled a surge of over 14% in after-hours trading following a 3.1% increase to close at $23.04 on Thursday. The company’s impressive performance is attributed to a combination of robust Bitcoin mining operations and its strategic shift towards AI infrastructure, according to the press release.