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IREN Stock Soars as B. Riley Boosts Price Target Amid Record Revenue

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Written by Timothy Sykes Reviewed by Jack Kellogg Fact-checked by Ellis Hobbs
Updated 8/6/2025, 11:33 am ET | 4 min
IREN Stock Soars as B. Riley Boosts Price Target Amid Record Revenue Thumbnail

In this article

  • IREN+8.81%
    IREN - NYSEIREN Limited
    $17.90+1.45 (+8.81%)
    Volume:  15.10M
    Float:  178.36M
    $16.32Day Low/High$18.21

IREN Limited’s stocks have been trading up by 7.93 percent amid positive investor sentiment and growth prospects.

Candlestick Chart

Live Update At 11:32:37 EST: On Wednesday, August 06, 2025 IREN Limited stock [NASDAQ: IREN] is trending up by 7.93%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

The financial landscape of IREN has made headway with a series of positive developments. As of late, the valuation measures indicate a robust enterprise value sitting at $2.71B. Conversely, the price-to-sales ratio is considerably lofty at 73.3, which may suggest elevated market expectations. However, with a book value per share of $5.8, the company seems to sustain solid ground.

Despite some blemishes in profitability, such as pretax profit margin of -567.3%, the revenues tell a significant story. IREN has displayed a commendable revenue performance of $188.76M. Its cashability remains a cornerstone with total cash and equivalents hitting $304.60M, alongside their aggressive stance in expanding AI Cloud services and boosting overall hardware profit.

Investor Confidence on the Rise

The recent announcement from B. Riley providing a bullish upgrade puts rosy spectacles over IREN’s stock journey. By increasing the price target to $22, B. Riley not only expresses confidence in IREN but also nudges investor sentiment in a positive direction. This decision rides on the back of IREN’s remarkable progress in their technology initiatives. The surge in revenue and profits signal promising prospects— attract appreciation from stakeholders.

More Breaking News

Meanwhile, accomplishing $550M in convertible notes speaks volumes of IREN’s strategic foresight. This capital infusion, essentially, offers IREN more flexibility to grasp emerging opportunities or offset unforeseen challenges. Their pivot toward robust US domestic issuer status marks a forward-thinking step, reinforcing strength in compliance and market readiness.

Competitive Pressures Mount

Even in an industry laden with challenges, IREN continues to maneuver successfully. Its prominent focus on AI Cloud Services and Bitcoin mining sharpens the competitive edge. The recent strides taken in expanding with 2.4k Blackwell GPUs contribute favorably toward building considerable processing power. Margin growth within these areas substantiates the viability of pursuing a tech-centric strategy, reinforcing IREN’s stronghold in these competitive offerings.

Conclusion

The financial landscape for IREN paints a picture of opportunity and strategic foresight. While IREN has achieved increased monthly revenues and successful convertible offerings, as well as a pivotal milestone of US domestic issuer status, the key to navigating such advancements lies in the trading strategy. As millionaire penny stock trader and teacher Tim Sykes, says, “The goal is not to win every trade but to protect your capital and keep moving forward.” With this philosophy in mind, IREN aligns itself for a potentially remarkable run in the coming quarters. The alignment of positive market sentiment led by B. Riley’s endorsement strengthens this narrative even further, hinting at prosperity on the horizon for IREN stakeholders.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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Tim Sykes

Head Writer at TimothySykes.com, Lead Mentor at the Trading Challenge
In his 20-plus years of trading, Tim has made $7.9 million. In his 15-plus years of teaching, Tim’s Trading Challenge has produced over 30 millionaire students. His philosophy emphasizes small gains and cutting losses quickly.
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In this article (YTD Performance)

  • IREN+67.52%
    IREN - NYSEIREN Limited
    $17.90+1.45 (+8.81%)
    Volume:  15.10M
    Float:  178.36M
    $16.32Day Low/High$18.21

* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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