IREN Limited: Rise in Blockchain and Crypto Mining

IREN Limited (NASDAQ:IREN) is among the blockchain and crypto mining stocks capturing investors’ attention. Among the 12 promising stocks identified by hedge funds, BTIG analysts raised the price target for IREN Limited from $32 to $75 on October 14, 2025, while maintaining an "Buy" rating.

The investment firm expressed its positive outlook on IREN Limited within a broader report on crypto mining stocks. They believe that the increase in demand, along with the hyper-scalable efficiency requirements, positions the company well for significant opportunities in the high-performance computing (HPC) sector, particularly for artificial intelligence focused “neocloud” systems.

Furthermore, IREN Limited announced multi-year cloud service contracts with artificial intelligence firms for NVIDIA Blackwell GPU distributions on October 7. These contracts encompass 11,000 of the company’s 23,000 GPUs and aim to expand the GPU footprint in data centers in British Columbia and Texas, as well as target $225 million in AI Cloud revenue by the end of 2025.

Offering Bitcoin mining and artificial intelligence data center services across the United States, IREN Limited provides high-performance computing infrastructure and GPU-based cloud services to businesses and institutional clients.

Considering IREN's investment potential, it is worth noting that some artificial intelligence stocks offer higher growth potential and carry less risk. If you are looking for a highly undervalued artificial intelligence stock that can significantly benefit from the tariffs during Trump’s administration and the trend towards local production, you may want to check out our free report on the best short-term artificial intelligence stocks.