Bitcoin mining and AI infrastructure expansion drive Allen's stock price soaring: AI-driven strategic layout of energy revolution

IREN Limited (NASDAQ: IREN) has deployed 10,900 NVIDIA GPUs, 80% of which are Blackwell architectures. Its AI Cloud services generate $2.4 million in revenue per month, with annualized revenue expected to reach $200 million to $250 million by the end of the year. The company relies entirely on renewable energy, with a stable power of 2,910 megawatts, and net power costs remain low at $0.035/kWh. IREN has $565 million in cash reserves and $177 million in net income and appointed Anthony Lewis as Chief Financial Officer in September 2025 to strengthen institutional financial management. Analysts maintained a median target price of $34.5, reflecting confidence in their AI and energy convergence strategy.