Following an exceptionally strong performance in 2025, shares of IREN enter the new trading week carrying significant investor expectations. Fresh institutional data and analyst reports paint a clear growth narrative, yet this is increasingly tempered by concerns over the company’s premium valuation. The stock is currently consolidating after a period of high volatility, as the market awaits the next major catalyst.

The core driver behind IREN’s staggering approximate 300% surge in 2025 was a landmark agreement with Microsoft. Announced in November 2025, a $9.7 billion AI-cloud contract has been the dominant factor in the equity’s performance ever since.

This strategic deal involves the deployment of 76,000 GPUs, signaling IREN’s…