IREN shares rise afta Q4 EBITDA pass target becos of operational efficiency
IREN stock rise after energy company report say Q4 adjusted EBITDA na $45 million, wey pass di $38 million consensus. Revenue climb 12% year-over-year reach $120 million, as dem improve drilling efficiency, get solid demand and tight cost controls. Di adjusted EBITDA beat show say operation strong. Management still dey confirm full-year guidance, maintain outlook say free cash flow go grow by 15% for 2025. After di announcement, IREN shares perform pass their peers as market feeling sweet. Traders suppose watch di coming guidance updates and also check cash flow trends for market catalysts potential. Di Q4 adjusted EBITDA performance show IREN dey spend capital well and operations dey efficient. Make commodity price stable continue so momentum fit hold.
Neutral
IREN strong Q4 adjusted EBITDA and revenue beat na good for im equity performance but no too much get direct connection wit di cryptocurrency market. Since di news na about energy company earnings and how dem dey operate, e no likely say e go strong affect di trading activities or price movement for major cryptocurrencies. So, di market impact for crypto assets for short and long term remain neutral.