Microvast Holdings announces departure of chief financial officer
Iren Ltd’s stock has reached a new 52-week high, hitting 15.95 USD, with remarkable gains of 26% in the past week and 48% over six months. This milestone reflects the company’s positive performance, highlighted by impressive gross profit margins of 92%. According to InvestingPro analysis, the stock appears overvalued at current levels, with 16 additional real-time insights available to subscribers. The achievement of this 52-week high signals investor confidence and marks a significant recovery from the 52-week low of 5.12 USD. As the company continues to navigate market dynamics, analysts expect both sales growth and profitability this year. For detailed analysis and comprehensive valuation metrics, access the full InvestingPro Research Report, part of the platform’s coverage of 1,400+ US stocks.
In other recent news, IREN Limited reported record-breaking revenue and hardware profit for May 2025, achieving the highest monthly figures in its history. The company generated $64.7 million in revenue and a hardware profit of $47.8 million, with a notable hardware profit margin of 74%. Additionally, IREN’s AI Cloud Services division reported revenues of $2.2 million with a profit margin of 98%, driven by increased utilization of its GPU fleet. In a separate development, IREN closed its upsized offering of $550 million in convertible senior notes, which was initially set at $450 million, due to strong investor demand. The proceeds from this offering will support general corporate purposes and specific financial transactions. Furthermore, IREN announced the appointment of Anthony Lewis (JO:LEWJ) as Chief Capital Officer to lead its capital structure and financing strategy. These developments reflect IREN’s ongoing efforts to align its financial strategy with growth opportunities in AI and compute infrastructure. The company is also advancing its AI Data Center project, expected to be delivered in Q4 2025.
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