Track record · closed signal

Iris Energy Limited (IREN) — closed signal from September 13, 2025

Target reached Published before the outcome was known, scored automatically when the window closed on December 12, 2025.

Predicted vs. what happened

IREN price · publication thesis → realized outcomesplit-adjusted
$33.96 Published $48.22 Target $40.13 Window close $76.87 Peak
$32.50 – $33.90Entry zone — fair-value band
$33.96Published — price the day we called it
$48.22Target — the price the thesis aimed for
$76.87Peak — highest point inside the window, not a realized return
$40.13Window close — end-of-window price, context only

What happened

Target reached

Reached its target in 11 days.

Peak price
$76.87
peak on November 5, 2025 — not a realized return
Peak gain
+126.4%
peak, from the publication price
Window close
$40.13
end-of-window price, context only
Days to target
11
Window
September 13, 2025 – December 12, 2025

The thesis — published September 13, 2025

Predicted growth
+42%
over the measurement window
Target price
$48.22
the price the thesis aimed for
Entry zone
$32.50 – $33.90
the fair-value band we waited for
Price at publication
$33.96
published September 13, 2025
Confidence
90%
how strongly the data lined up
Timeframe
Short-term (0–3 months)

IREN is a strong recent mover shifting from bitcoin mining to AI cloud and high-performance computing. The price has run up, and there are lots more people buying than usual. News points to fiscal 2025 revenue of $501 million, meaning sales more than doubled compared to last year. The stock jumped 80% this month and 26% this week. Over the next 0-3 months, new AI capacity and upbeat mood could keep pushing it higher, but swings may be sharp.

Primary drivers

  • Shifting from crypto toward AI cloud, with sales rising very fast
  • Powerful price trend alongside lots more buyers than usual
  • Among the strongest recent movers with upbeat investor mood
  • Big price swings mean careful, step-by-step buying plans help

How it played out

IREN: target reached in 11 days

Lyra published IREN at 33.96 on 2025-09-13, with 42% expected growth and a 48.22 target. The thesis pointed to a shift from bitcoin mining toward artificial intelligence cloud and high-performance computing, fiscal 2025 revenue of $501 million, an 80% monthly jump, a 26% weekly jump, and unusually heavy buying.

Inside the window, IREN reached the target in 11 days. It later peaked at 76.87 on 2025-11-05, a 126.4% gain. By 2025-12-12, it ended at 40.13. The thesis played out, then gave back part of the move.

What happened during the window

On 2025-11-03, Microsoft entered a $9.7 billion, five-year cloud services contract with IREN for access to Nvidia chips. IREN also said it signed a deal with Dell Technologies to buy chips and related equipment for about $5.8 billion.

Prices are shown split- and dividend-adjusted, matching what public charts show today.

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