$IREN Shares Surge Nearly 30% After Earnings Call, 20% Return, Analysts Predict Dividend in 2025

$IREN, a company involved in technology and data centers, has recently experienced a significant surge in interest following its earnings conference call. The stock rose nearly 30% after the call, driven by positive sentiment regarding its potential to host AI-related computing machines. Analysts noted that there was a quick 20% return for investors who purchased shares prior to the results announcement. Additionally, executives hinted at the possibility of initiating dividend payments in 2025. The company's Sweetwater facility has been likened to Acqua Panna, further fueling bullish sentiment among investors. Overall, the market appears to be anticipating further upward movement for $IREN, with some traders predicting multiple short squeezes in the near future.