IREN’s Meteoric Rally Calls for a Diversified Approach

If there is any individual stock that investors should be keeping an especially close eye on right now, it’s likely to be Iris Energy Ltd. (IREN). 

A bitcoin mining and AI cloud computing company, IREN’s performance has seen a historic rise as the year has gone on. In particular, as the chart below shows, the company’s returns have skyrocketed in recent weeks.

A number of factors are continuing to work in the company’s favor. To begin, many of IREN’s business operations are continuing to generate attractive profits. The company recently showcased its monthly results in its August 2025 Monthly Update. IREN’s bitcoin mining segment generated about $76.7 million in revenue last month, while the company’s AI cloud business brought in about $2.4 million. 

IREN generates much of its revenue from its bitcoin mining operations, as this monthly update shows. However, the company is continuing to purchase GPUs as it expands its cloud business, capitalizing on growing AI demand. 

Furthermore, IREN is now benefitting from new leadership at the helm. Earlier this week, the company announced that Anthony Lewis would be stepping in as the company’s chief financial officer. The announcement notes that Lewis played a key role in IREN’s GPU financings. 

With IREN quickly gaining steam, advisors and investors may want to add exposure to the company in order to tap into IREN’s long-term and near-term growth potential. However, this is best done through a diversified means, in order to maintain a more fine-tuned risk profile.  

WGMI Offers a Diversified Take on Bitcoin Miner Momentum

The CoinShares Bitcoin Mining ETF (WGMI) can help investors and advisors gain access to IREN’s stock performance. IREN, notably, is the top holding within WGMI’s portfolio. FactSet data shows that, as of September 12, 2025, more than 20% of the fund’s assets were allocated towards IREN exposure. 

However, WGMI brings far more to the table than IREN exposure. The fund is actively managed and provides access to some of the leading companies in the bitcoin mining industry. This includes companies like Riot Platforms, Cipher Mining, and TeraWulf, among others.

WGMI’s heavy portfolio tilt towards IREN allows the fund to capitalize on the company’s continued momentum in both the bitcoin mining and artificial intelligence space. Meanwhile, the rest of the fund remains well-diversified in other bitcoin mining giants, meaning WGMI is certainly not beholden to IREN in order to see success.

For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.

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