Analyst revises Iris Energy (IREN) stock price target
The cryptocurrency market has entered uncharted territory following Donald Trump’s election victory, with Bitcoin (BTC) surpassing $90,000 for the first time. This bullish sentiment has fueled optimism for crypto-related stocks, particularly Iris Energy (NASDAQ: IREN), a sustainable Bitcoin mining company.
Leveraging 100% renewable energy, Iris Energy has seen its stock rise by over 49% in the past month, reflecting growing investor confidence in its dual-focus strategy of Bitcoin mining and AI cloud services.
In the latest trading session, IREN closed at $13.51, marking a one-day gain of 7% and an impressive year-to-date increase of 98%.
