IREN: Strong Growth, AI Expansion & Massive UpsideIREN ( NASDAQ:IREN ) just reported Q2 FY2025 earnings, showing huge revenue and profit growth:
Revenue doubled QoQ to $119.6M (vs. $54.4M in Q1).
Adjusted EBITDA jumped to $62.6M (vs. $2.6M in Q1).
Net profit of $18.9M, recovering from a $51.7M loss in Q1.
Bitcoin mining remains IREN’s core revenue