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Oct 3, 2025 4:00 PM

IREN Stock Hits All-Time High—Still A 'Picasso At A Garage Sale'

IREN Limited (NASDAQ:IREN) shares reached a new all-time high on Friday after the stock climbed more than 21% this week driven by retail investor optimism. 

IREN stock is climbing. See the real-time price action here. 

Last week, investor and co-founder of Tiny Capital Andrew Wilkinson called IREN a "Picasso at a garage sale," implying that the stock was significantly undervalued despite its 400% gains this year. 

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He shared his thesis on IREN in a post on X. 

In January, I called $IREN, an AI datacenter company with insanely valuable assets (power/permits/compute), a "Picasso at a garage sale" and ...