IREN Limited (IREN) Shares Rise Nearly 20% on $2.8 Billion AI Contracts
Shares of IREN Limited surged nearly 20% after the company announced $2.8 billion in new customer contracts, boosting its revenue target above $4 billion for 2026. The stock rally is part of a broader trend as Bitcoin mining firms pivot to AI infrastructure providers.
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Topics: AI infrastructure Bitcoin mining transition revenue growth