Iren Stock Surges on New Contracts Amid Expansion in AI Cloud Computing
Iren's stock surged 20% after announcing $2.8 billion in new contracts with hyperscalers and enterprises, boosting its annual revenue outlook to over $4 billion by year-end. The company is expanding rapidly into AI data centers following a shift from Bitcoin mining.
Tickers: $IREN
Topics: AI Cloud Computing Contract Wins Data Centers Revenue Growth