IREN Ltd., a Nasdaq-listed Bitcoin mining company, has experienced a nearly 300% surge in its stock price since March, prompting analysts to raise their price targets. Canaccord Genuity increased its target from $23 to $37, while H.C. Wainwright and Roth Capital set targets at $36 and $35, respectively. The company's Q4 FY25 results revealed a 168% revenue increase to $501 million, fueled by Bitcoin mining and the growth of its AI Cloud Services. IREN aims to achieve $200-250 million in annualized AI revenue by December 2025, supported by its partnership with Nvidia. Despite the positive outlook, market conditions remain unpredictable.