Iris Energy Limited (IREN) — closed signal from September 3, 2025
Target reached Published before the outcome was known, scored automatically when the window closed on December 2, 2025.
Predicted vs. what happened
What happened
Reached its target in 19 days.
The thesis — published September 3, 2025
Shares ran up quickly, so they can be jumpy, but the story is shifting from bitcoin mining to renting powerful computers for AI. On 2025-09-02, the company repeated its goal of $200M-$250M yearly AI cloud sales by December, showing a new growth engine beyond crypto. Rather than chase spikes, consider buys on calm pullbacks toward the recent average price, keep risk tight, and note that trading is active with lots more people buying than usual.
Primary drivers
- Company aims for $200M-$250M yearly AI cloud sales by December
- Trading volume is elevated, signaling lots more buyers than usual
- Price strength remains solid versus recent average levels
- Less tied to bitcoin swings as AI services grow within revenue
How it played out
IREN: target reached in 19 days
Lyra published IREN on 2025-09-03 at $29.76 with expected growth of 36%. The thesis pointed to a shift from bitcoin mining toward renting powerful computers for artificial intelligence, a stated goal of $200M-$250M in yearly cloud sales by December, elevated trading volume, solid price strength, and less exposure to bitcoin swings as services grew.
Inside the window, the stock reached the $40.47 target in 19 days. It later peaked at $76.87 on 2025-11-05, with a peak gain of 158.3%. It ended the window at $41.12. The thesis played out, and the target was still cleared at the close.
What happened during the window
On 2025-11-03, IREN announced a five-year cloud-services agreement with Microsoft worth $9.7 billion. The same day, it also announced a $5.8 billion Dell agreement for GPUs and related equipment.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
Share this receipt
A scored call, published before the outcome was known. Paste the link anywhere — it unfurls as the card above.
Read the next call before it closes.
This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.