Discovery Capital Cashes in After Iren Shares Rocket 222% Higher in Q3

• Discovery Capital Sold 784,600 shares of Iren Ltd.

• The steadfast wholly closed retired different presumption of an Iren peer.

• Iren present represents 8.66% of AUM, making it the fund’s 2nd-largest holding.

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According to a filing with the Securities and Exchange Commission dated Nov. 14, 2025, Discovery Capital Management, LLC sold 784,600 shares of Iren Limited (NASDAQ:IREN) successful the 3rd quarter. The post-trade involvement stands astatine 3,365,700 shares, valued astatine $157.95 cardinal arsenic of Sept. 30, 2025.

Discovery Capital Management, LLC reduced its Iren stake, which present accounts for 8.66% of AUM, ranked arsenic the fund’s 2nd-largest holding

Top holdings aft the filing:

• NASDAQ:METC: $180.96 cardinal (9.92% of AUM)

• NASDAQ:IREN: $157.95 cardinal (8.66% of AUM)

• NASDAQ:ORBS: $131.61 cardinal (7.22% of AUM)

• NYSEMKT:GDLC: $101.19 cardinal (5.55% of AUM)

• NYSE:AMX: $98.31 cardinal (5.39% of AUM)

As of filing day Nov. 14, 2025, shares of Iren were priced astatine $46.37, up 348.89% implicit the past year, outperforming the S&P 500 by 313.69 percent points

• Iren operates vertically integrated information centers and owns computing hardware and electrical infrastructure, with important gross from Bitcoin mining.

• The institution generates income by providing information halfway services and mining integer assets, leveraging proprietary infrastructure to power operational costs.

• It serves a planetary lawsuit base, including organization clients and participants successful the integer plus ecosystem.

Iren Limited is simply a information halfway relation and Bitcoin miner based successful Sydney, Australia, with operations successful some Australia and Canada. The institution combines ownership of carnal infrastructure with integer plus mining to execute standard and outgo efficiency. Its vertically integrated attack positions it competitively wrong the superior markets and integer infrastructure sectors.

Iren Limited banal has gone parabolic this year. Its profitable Bitcoin mining operations person helped money a modulation to focusing connected offering hyperscalers and different artificial quality (AI) companies compute power. Discovery Capital whitethorn person sensed a bubble successful AI stocks, deciding to instrumentality immoderate profits.

The steadfast besides sold its full involvement successful Iren adjacent Nebius Group successful Q3. That presumption was valued astatine implicit $200 cardinal arsenic of Sept. 30. Both Nebius and Iren are considered neocloud companies, offering existing information halfway abstraction to tech giants, smaller developers, and others needing compute powerfulness for AI exemplary grooming and inference.