IREN Stock Hits A New All-Time High: What's Going On?

Shares of IREN Ltd (NASDAQ:IREN) surged to an all-time high of $58.28 on Monday, continuing a marked run that has seen the stock climb over 400% year-to-date. Here’s what investors need to know.

What To Know: Monday’s rally comes just over a week after a JPMorgan downgrade to Underweight briefly cooled the stock’s ascent, citing valuation concerns.

The recent momentum in shares is being fueled by investor optimism about IREN’s strategic move from a Bitcoin (CRYPTO: BTC) miner to an AI infrastructure powerhouse.The company’s recent $674 million purchase of high-performance GPUs from Nvidia and AMD underpins its goal of achieving over $500 million in annualized AI cloud revenue by early 2026.

This aggressive pivot has attracted high-profile bulls like investor Andrew Wilkinson, who dubbed the stock a “Picasso at a garage sale,” suggesting it remains deeply undervalued.

While some analysts share this optimism with price targets as high as $82, the stock’s lofty valuation continues to fuel a debate between bulls and bears regarding its future growth.

Benzinga Edge Rankings: Underscoring the stock’s price action in 2025, Benzinga Edge rankings award the stock elite scores for Growth (99.76) and Momentum (99.40).

IREN Price Action: IREN shares were up 11.85% at $56.44 at the time of publication Monday, according to Benzinga Pro.

The stock is trading well above its 50-day ($28.11), 100-day ($20.23) and 200-day ($14.57) moving averages, suggesting a robust bullish trend. Key support levels may be established around the recent low of $53.15, while resistance could be encountered near the intraday high.

Read Also: Kratos Defense Stock Is Moving Higher Monday: Here’s Why

How To Buy IREN Stock

By now you're likely curious about how to participate in the market for IREN – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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