SOGP surges 228.95% driven by earnings, continues to rise 30% in night session; Bitcoin miner IREN jumps 12% in night session

Audio social company Sound Group Inc ($Sound(SOGP.US)) announced its earnings yesterday, with its stock price surging nearly 230% to $12.50, and it continued to rise over 30% in after-hours trading. Bitcoin mining company IREN Ltd ($IREN(IREN.US)) also became a market focus, with its stock price rising nearly 12% in after-hours trading.

SOGP: A Perfect Comeback from Loss to Profit

Sound Group Inc (SOGP) is a global social and entertainment company focused on audio. The company is committed to building the world's largest audio platform, providing user-generated audio content, podcasts, and audio community services through the "Lizhi" App. SOGP was listed on NASDAQ in January 2020.

After announcing its unaudited financial report for the first half of 2025, the company's stock price surged by 228.95%. The company announced a turnaround from loss to profit, with a net income of RMB 67.6 million ($9.4 million), a significant improvement from the net loss of RMB 36.5 million in the same period last year. This growth was attributed to the expansion of its audio entertainment business and increased revenue from AI products.

IREN: The AI Transformation of a Bitcoin Mining Giant

IREN Ltd (IREN) is a company focused on Bitcoin mining and data center operations, characterized by its exclusive use of renewable energy to power its data centers. In addition to its traditional Bitcoin mining business, IREN is actively expanding its AI cloud services as a new growth driver.

After the market close on Thursday, IREN released its Q4 earnings report, showing a 226% year-on-year increase in revenue for the quarter ending June 30, helping the company return to profitability with a net income of $176.9 million. This growth was driven by the expansion of its Bitcoin mining business, but the company has also taken steps to deepen its influence in the AI field, becoming a new "preferred partner" of AI giant $NVIDIA(NVDA.US).