Iren Energy (ticker: IREN) reached new 52-week highs in early July 2025, with its stock price climbing from $17.21 to $18.18. The company has experienced a rapid increase in value, with some call options rising by 473% and the stock itself up 220% over a short period. In June 2025, IREN reported record revenue, generating $65.5 million from bitcoin mining and $51.3 million in total hardware profit. The company achieved its target of 50 exahashes per second (EH/s) mining capacity and mined 620 bitcoins during the month. Market observers noted that despite the recent surge, the company’s valuation may still have room to grow. IREN’s performance has drawn comparisons to other energy-related stocks involved in bitcoin and AI sectors.