This paper presents an optimized stochastic multiplier to implement Izhikevich spiking neuron model. A novel stochastic number generator is used as the main block for stochastic computing to design a stochastic multiplier. The designed multiplier was used to describe and implement Izhikevich neuron model equation which is capable to produce variant responses of spiking neurons. To the best of the author's knowledge, this work is the pioneer using a designed multiplier for computing all of the multiplication expressions in spiking neuron equation. The effect of increasing number of bit streams on the accuracy of stochastic computing is studied. Furthermore, some numerical intervals that are more prone to the error are found and illustrated upon stochastic computing usage, and a method is proposed to improve the error prone numerical intervals. In addition, the response accuracy is optimized by changing time step parameter in solving ordinary differential Izhikevich neuron model equation using Euler's method. Hence, a 13‐bit stochastic multiplier is designed. It is found that variations in parameters a and b have a profound effect on the accuracy of recovery variable u and, consequently, on the responses. Out of 20 responses of Izhikevich neuron model, 11 responses are generated using the proposed stochastic computing method and compared with piecewise linear method and some previous architectures of Izhikevich neuron model implementations.