TechFlow news, January 11, 2025 — IREN's stock has surged approximately 308% year-to-date, significantly outperforming both the broader market and its peers, emerging as the standout transformation case among crypto-related stocks. The market believes its core driver is not the Bitcoin mining cycle, but rather its accelerated shift toward AI computing power and cloud services, along with a gradual reduction in reliance on the highly volatile mining business. The company has disclosed a clear revenue roadmap for fiscal 2026, with long-term contracts and high-margin projects serving as key factors in its valuation re-rating.
BiyaPay analysts note that IREN’s performance reflects growing capital market acceptance of the new narrative of “miners transforming into AI computing platforms.” Crypto-linked companies are transitioning from cyclical speculation toward revaluation based on infrastructure and computing power fundamentals. While short-term stock movements may still be influenced by crypto market sentiment, the medium- to long-term trajectory will increasingly depend on the execution of its AI initiatives. For investors focused on the convergence of AI and crypto trends, IREN represents a structurally transformative path worth closely monitoring. BiyaPay supports USDT-denominated trading of U.S. stocks, Hong Kong futures, and digital asset contracts, helping users participate steadily in global markets amid uncertainty.
