NMS • Australia
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Annual Overview
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 7.9M | 59.04M▲ | 75.51M▲ | 187.19M▲ | 501.02M▲ |
| Net Income | -60.39M | -419.77M▼ | -171.83M▲ | -28.92M▲ | 86.94M▲ |
| EPS | -$2.9274 | -$10.25▼ | -$3.14▲ | -$0.29▲ | $0.39▲ |
| Free Cash Flow | -5.54M | -121.13M▼ | -110.34M▲ | -89.64M▲ | -327.57M▼ |
| Capex | 7.3M | 83.65M▲ | 116.06M▲ | 141.86M▲ | 573.46M▲ |
| Diluted Shares | 20.63M | 40.94M▲ | 54.78M▲ | 99.64M▲ | 223.25M▲ |
| Net Debt Issuance | — | — | -9.43M | 0▲ | 701.21M▲ |
| Net Equity Issuance | — | — | — | — | — |
| SBC | — | — | 14.36M | 23.64M▲ | 42.64M▲ |
Analyst Consensus
Estimate Revisions
Estimates stable
Earnings Track Record
Beat estimates 3 of last 8 quarters
Avg surprise: -86.2%
Growth
Ownership
Data from SEC 13F filings · Reported September 30, 2023
Earnings Calendar
Next earnings
August 27, 2026
Last earnings
May 8, 2026
AI Summary
IREN Limited is a key player in the hyperscaler segment of the photonics and AI infrastructure supply chain. They orchestrate and finance the buildout of large-scale, cutting-edge data facilities that support the growing demand for AI processing. Positioned in Australia, they contribute to setting architectural standards for AI data centers and ensuring the scalability of AI workloads.
IREN's meteoric revenue growth—up over 560% from FY2024 to FY2025—underscores their pivotal role in the AI infrastructure expansion narrative. As AI applications boom, IREN provides the backbone facilities required for these computing-heavy processes, potentially propelling them into a substantial market position akin to a $100B company by 2029, if growth targets are met. Their gross margin improvement from 28% in FY2023 to 68.3% in FY2025 suggests they are rapidly increasing efficiency and capitalizing on economies of scale. The recent operational focus on AI-centered data centers aligns them well with a sector expected to demand 123 gigawatts of power in the US alone by 2035, indicating a significant runway for growth.
However, IREN's financial health isn't without concerns. Net losses persisted into FY2024 despite growing revenues, and their aggressive capital expenditures have resulted in an alarming free cash flow (FCF) situation: negative $1.13 billion last fiscal year. Their reliance on debt is high, with a D/E ratio of 1.53, suggesting potential vulnerability to interest rate hikes. Furthermore, operating margins are deep in the negative at -45.8%, highlighting challenges in managing operational costs as they expand.
Financials reveal an impressive transformation: IREN’s revenue spiked from $75.5 million in FY2023 to $501 million in FY2025. This sharp revenue increase is complemented by positive net income of $86.9 million, following significant losses in prior years. Yet, their free cash flow remains highly negative at $-1.13 billion, posing questions about sustainability. Despite much improved gross margins, profitability is under stress from operational inefficiencies.
With a P/E ratio of 24.1, IREN trades at a premium to traditional tech peers, which might justify some of the growth outlook, but the P/S of 15.2 and EV/EBITDA of 62.5 suggest market expectations already reflect robust near-term growth. The negative P/FCF of -9.2 signals potential cash flow concerns that could weigh longer-term value if not addressed. Overall, IREN appears priced for aggressive growth, leaving limited room for error.
The primary tail risk for IREN lies in their customer concentration, likely skimming the hyperscaling giants. Any shift in these giants' AI infrastructure strategies poses costly repercussions for IREN. Technology risks related to AI infrastructure could lead to rapid obsolescence if they do not continuously innovate. Additionally, geopolitical exposure is pertinent, given their international clientele and that any supply chain disruptions could severely impact project timelines and financials.
Pay attention to IREN's upcoming earnings releases over the next 1-2 quarters for signs of sustained revenue momentum and improvements in operational margins. Also, keep an eye on announcements related to any new major client acquisitions in AI hyperscale projects or strategic partnerships that could bolster their competitive positioning. Any shift in capital expenditure strategies or FCF patterns might also indicate management's outlook on sustainability or leveraging new technological advancements.
Last updated: April 5, 2026
IREN Limited is a key player in the hyperscaler segment of the photonics and AI infrastructure supply chain. They orchestrate and finance the buildout of large-scale, cutting-edge data facilities that support the growing demand for AI processing. Positioned in Australia, they contribute to setting architectural standards for AI data centers and ensuring the scalability of AI workloads.
IREN's meteoric revenue growth—up over 560% from FY2024 to FY2025—underscores their pivotal role in the AI infrastructure expansion narrative. As AI applications boom, IREN provides the backbone facilities required for these computing-heavy processes, potentially propelling them into a substantial market position akin to a $100B company by 2029, if growth targets are met. Their gross margin improvement from 28% in FY2023 to 68.3% in FY2025 suggests they are rapidly increasing efficiency and capitalizing on economies of scale. The recent operational focus on AI-centered data centers aligns them well with a sector expected to demand 123 gigawatts of power in the US alone by 2035, indicating a significant runway for growth.
However, IREN's financial health isn't without concerns. Net losses persisted into FY2024 despite growing revenues, and their aggressive capital expenditures have resulted in an alarming free cash flow (FCF) situation: negative $1.13 billion last fiscal year. Their reliance on debt is high, with a D/E ratio of 1.53, suggesting potential vulnerability to interest rate hikes. Furthermore, operating margins are deep in the negative at -45.8%, highlighting challenges in managing operational costs as they expand.
Financials reveal an impressive transformation: IREN’s revenue spiked from $75.5 million in FY2023 to $501 million in FY2025. This sharp revenue increase is complemented by positive net income of $86.9 million, following significant losses in prior years. Yet, their free cash flow remains highly negative at $-1.13 billion, posing questions about sustainability. Despite much improved gross margins, profitability is under stress from operational inefficiencies.
With a P/E ratio of 24.1, IREN trades at a premium to traditional tech peers, which might justify some of the growth outlook, but the P/S of 15.2 and EV/EBITDA of 62.5 suggest market expectations already reflect robust near-term growth. The negative P/FCF of -9.2 signals potential cash flow concerns that could weigh longer-term value if not addressed. Overall, IREN appears priced for aggressive growth, leaving limited room for error.
The primary tail risk for IREN lies in their customer concentration, likely skimming the hyperscaling giants. Any shift in these giants' AI infrastructure strategies poses costly repercussions for IREN. Technology risks related to AI infrastructure could lead to rapid obsolescence if they do not continuously innovate. Additionally, geopolitical exposure is pertinent, given their international clientele and that any supply chain disruptions could severely impact project timelines and financials.
Pay attention to IREN's upcoming earnings releases over the next 1-2 quarters for signs of sustained revenue momentum and improvements in operational margins. Also, keep an eye on announcements related to any new major client acquisitions in AI hyperscale projects or strategic partnerships that could bolster their competitive positioning. Any shift in capital expenditure strategies or FCF patterns might also indicate management's outlook on sustainability or leveraging new technological advancements.
IREN Limited is a key player in the hyperscaler segment of the photonics and AI infrastructure supply chain. They orchestrate and finance the buildout of large-scale, cutting-edge data facilities that support the growing demand for AI processing.
IREN Limited is in the Hyperscalers layer of the photonics supply chain. The demand side — who funds the buildout and sets the architecture
In FY2025, IREN Limited reported net income of $86.94M.
Companies in the same supply chain layer as IREN Limited include Alibaba Group Holding Limited, Alphabet, Alphabet Inc., Amazon, and AMD.
IREN Limited is expected to report around August 27, 2026.
Analysis updated April 2026
The company made its first deployment in a contract with an important client.
IREN shares surge after Microsoft accepts first Texas AI cloud installation
IREN Limited recently confirmed that Horizon 1, the first of four 50MW direct-to-chip liquid-cooled AI cloud deployments, has been delivered to and accepted by Microsoft under their five-year, US$9.70 billion cloud services contract. In parallel, IREN secured NVIDIA Exemplar Cloud status for its GB300 NVL72 deployment at Horizon 1, underscoring its capability to run high-performance AI workloads at scale for hyperscale customers. We’ll now explore how Microsoft’s acceptance of Horizon 1...
Microsoft just signed off on IREN's first major AI data center, and NVIDIA piled on with a rare technical designation, sending shares surging. But with $5.8 billion in GPU purchases still ahead and a short seller circling, the real question is whether this milestone marks a turning point or just the beginning of the risk.
CoreWeave's Q2 blowout sent shares surging, but the stock still sits deep in the red over three months while one Wall Street firm holds a price target that implies a runway most investors are ignoring.
IREN Limited (NASDAQ:IREN) shares gained 6% on Thursday morning after the company completed delivery of its Horizon 1 AI infrastructure deployment to Microsoft and secured NVIDIA Exemplar Cloud status for its GB300 NVL72 installation. The milestones mark further progress in IREN’s large-scale AI Cloud expansion strategy and its five-year agreement with Microsoft.
IREN co-founder and co-CEO Daniel Roberts said that IREN looks forward to “building on this momentum with Microsoft” as the remaining Horizon deployments come online.
IREN Ltd. (NASDAQ:IREN) shares jumped over 10% Thursday after Microsoft Corp. (NASDAQ:MSFT) formally approved Horizon 1, clearing the first of four AI data centers IREN is building under their five-year, $9.7 billion cloud services deal. The milestone may be the...
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Nvidia has committed billions to IREN, but can the company fund its AI buildout without overextending itself?
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CoreWeave and Nebius have emerged as major beneficiaries of the AI boom and surging demand for cloud infrastructure.
A surprise lease announcement sent Riot Platforms surging after hours, leaving traders scrambling to decide whether a single contract just rewrote the entire valuation story for former Bitcoin miners racing into AI infrastructure.
A 20-year lease with Anthropic and a massive asset sale have put one Bitcoin miner at the front of a pack racing to reinvent itself as AI infrastructure, but the real question is whether the stock's already-substantial gain leaves room for what comes next.
IREN (NasdaqGS:IREN) is drawing fresh attention after management outlined a pivot toward AI-focused cloud computing, highlighting plans for large scale GPU deployments and data center build outs alongside a reduced emphasis on Bitcoin mining. See our latest analysis for IREN. IREN's 1-day share price return of 8.70% and 7-day share price return of 12.04% suggest investors are reacting to the AI cloud shift, even though the 90-day share price return is down 25.24%. At the same time, the 1-year...
Is IREN a good stock to buy? We came across a bullish thesis on IREN Limited on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on IREN. IREN Limited’s share was trading at $37.93 as of August 6th 2026. IREN’s trailing and forward P/E were 47.82 and 136.99 respectively according […]
CoreWeave is the leading neocloud provider, while IREN is an emerging player in the space.
CleanSpark (CLSK) delivered earnings and revenue surprises of -33.33% and -1.00%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
The company is trying to compete in AI infrastructure, but is moving slowly.
Decentralized crypto exchange PancakeSwap (CRYPTO: $CAKE) expanded its tokenized equities offering on Thursday, lis...
CoreWeave has shed a third of its value in three months while its analyst consensus held firm through every dip, and one prominent tech analyst argues the selloff created the exact entry point investors needed.
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IREN acquired software firm Mirantis for $625 million in an all-stock deal, with Mirantis operating as a standalone subsidiary that continues serving its existing customers while IREN taps it for…
Building faster chips turned out to be the easy part of the AI buildout. The real bottleneck has sent investors hunting for a winner in a completely different industry, and one company already controls the market for the solution Morgan Stanley says matters most.
IREN now controls more of the stack between its data centers and customer workloads, extending its AI cloud platform into orchestration and enterprise support.
The rapid rise and violent drawdown of Situational Awareness serve as a masterclass in market physics for retail and institutional investors alike.
IREN stock has delivered a very large 3 year gain while the current valuation checks lean expensive, which raises questions about how much of the AI cloud story is already reflected in the share price. Recent AI contract wins and a rapid shift away from pure Bitcoin mining sit against a low value score and an overvalued read on market multiples. Over the past 3 years, IREN has returned roughly 5.6x. This is a very large move for investors to weigh against current expectations. Multi year AI...
IREN (NasdaqGS:IREN) has expanded its AI Cloud business with new multi-year contracts from major technology companies. These contracts include agreements with Microsoft and NVIDIA and cover a large share of IREN's targeted year-end revenue. The company has raised its year-end revenue target and reports that most of this figure is now contracted. Customer prepayments and firmer contractual pricing are part of the new deal structure. IREN has been building out its AI Cloud offering as demand...
IREN stock jumped 30% after CEO Daniel Roberts said demand for its AI computing capacity exceeds what it can build.
IREN Ltd. (NASDAQ:IREN) soared by 30.54 percent on Thursday to close at $38.26 apiece, as investors resorted to bargain-hunting following six consecutive days of losses, supported by Citadel’s backing that helped avert a potential fire sale on its stock, alongside a technology giant’s major announcement. This followed the disposition of Situational Awareness’ huge chunk of […]
The sale turns a rapid reversal in leveraged AI infrastructure equities into a forced transfer of assets, while the fund retains private holdings including Anthropic.
TeraWulf and Cipher Mining have surged past 50% gains in 2026 while IREN sits in the red, yet IREN carries the biggest GPU partnership and power portfolio of the three. Something in this picture does not add up.
Former Bitcoin miners pivoting to AI data centers have shed a third of their value in just weeks, and the question hanging over investors now is whether this selloff is a buying opportunity or an early warning that the entire bull thesis is cracking.
IREN's contracted AI cloud growth and financing edge make it a stronger choice than Strategy's leveraged Bitcoin model and dilution risks.
Wall Street just raised price targets above $30 on two bitcoin-miner-turned-AI-infrastructure names, yet both stocks are sliding hard on Monday. The question is whether this selloff marks a buying opportunity or a warning sign about what the market now demands before rewarding the neocloud thesis.
CoreWeave built the fastest path to $5 billion in cloud revenue history, then watched its stock collapse 40% as its biggest customer announced a move that sent Wall Street scrambling to pick sides.
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Stocks fell as investors weighed AI CapEx concerns, Oracle's credit downgrade, Netflix and Tesla earnings, and upcoming Fed and Magnificent 7 reports, plus stock picks across sectors.
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APLD's fiscal Q4 report may highlight booming AI infrastructure growth, but profitability challenges remain in focus.
A new generation of futuristic, high-flying tech stocks has been cut down roughly 65% from its highs. That is enough damage to start looking for opportunity — but not enough to make every stock a bargain.
Alphabet's AI Spending Surge Ignites Nebius, CoreWeave, and IREN Stocks
Applied Digital operates like a landlord collecting rent on AI infrastructure, and its backlog of signed leases tells a story that Wall Street analysts are scrambling to price in before the next earnings report drops.
A new generation of futuristic, high-flying tech stocks has been cut down by roughly 60% from its highs. That is enough damage to start looking for opportunity — but not enough to make every stock a bargain.
Kineo Capital managing partner Jim Strugger walks through his strategy for trading IREN (IREN) stock and Alphabet (GOOG, GOOGL) stock using options. Yahoo Finance's AlphaSpace is a premium investment platform that combines data, charting, news, analysis, and more to help retail investors understand markets.
IREN just landed $2.8 billion in AI cloud contracts, boosting its outlook and strengthening its position as one of the fastest-growing AI infrastructure plays.
For a long time, IREN Limited (NASDAQ:IREN) was considered a Bitcoin mining operation company, but the company’s cloud approach and AI deals have successfully transitioned it into a vertically integrated AI cloud provider. The company came under the spotlight when it announced raising its year-end AI Cloud annualized run-rate revenue target to more than $4 […]
Iren also increased its year-end AI cloud computing annual revenue run rate outlook to more than $4 billion.
Kineo Capital managing partner Jim Strugger walks through his strategy for trading IREN (IREN) stock and Alphabet (GOOG, GOOGL) stock using options. Yahoo Finance's AlphaSpace is a premium investment platform that combines data, charting, news, analysis, and more to help retail investors understand markets.
Bitcoin miners expanding into AI and data center infrastructure also moved lower despite fresh bullish commentary from Wall Street.
IREN stock jumped nearly 20% after $2.8 billion in new AI cloud contracts pushed 2026 revenue targets above $4 billion, accelerating its shift from Bitcoin mining to AI infrastructure.
The brokerage states that Oracle’s valuation no longer reflects its growth outlook and sees multiple catalysts driving a rebound.
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Nebius stock was rising again after investors got more detail on Nvidia’s investment in the highflying neocloud.
CoreWeave's shares have cratered over 40% in the past year while its business is booking record revenue and a backlog nearing $100 billion, and that contradiction creates one of the most contested trades in AI infrastructure right now.
IREN Limited (IREN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
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IREN on Monday raised its annualized AI cloud revenue target on the back of new contracts.
Some contract announcements move stocks. And then there are the ones that reframe an entire investment thesis. We saw the latter on a Monday, July 20. IREN Limited (IREN) was trading up more than 21% to $40.57 as of July 20 midday, according to Yahoo Finance. That’s after the Australia-based ...
In July 2026, IREN Limited announced it had secured US$2.80 billion in new multi-year AI cloud services contracts with customers including Microsoft, NVIDIA, and several AI developers, lifting its 2026 AI Cloud annualized run-rate revenue target to more than US$4.00 billion, about 85% of which is now under contract. A key feature of these agreements is sizable customer prepayments covering roughly 45% of related GPU capital expenditure, which, together with IREN’s US$7.60 billion cash...
IREN Limited (NASDAQ: $IREN) shares jumped nearly 20% on Monday after the company signed $2.8 billion in new AI clo...
IREN opened the week with $2.8 billion in new multi-year AI cloud contracts, lifting its annualized run-rate revenue target from $3.7 billion to more than $4 billion — though it…
The Nasdaq composite holds up the best of the major indexes on Monday. Sandisk stock looks to end a losing streak.
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IREN Ltd. snapped a seven-day losing streak on Monday, surging as much as 21 percent in intra-day trading to $40.77, as investors drew excitement from its higher annualized run-rate revenue (ARR) target of $4 billion. Initially targeted at $3.7 billion, IREN Ltd. (NASDAQ:IREN) said that the increase followed the bagging of $2.8 billion worth of […]
The rally followed weeks of selling pressure that left most of the sector deep in negative territory for July.
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Lumentum is near the top of the S&P 500. Micron, AMD, and more AI stocks mount a comeback as investors get over the worst of their AI trade fears.
Demand for AI cloud services continues to grow.
The company raised its year-end AI Cloud run-rate revenue target to more than $4 billion, with 85% now under contract
IREN said new multi-year contracts cover about 85% of its revised annualized run-rate revenue goal as it prepares to deliver 480 MW of AI cloud capacity this year.
Four battered AI infrastructure stocks are staging a violent Monday morning bounce after losing up to 43% in a single month, but the question dividing bulls and bears is whether the buying signals a real shift or just a dead-cat relief pop before the next leg down.
IREN (NasdaqGS:IREN) announced new multi year AI Cloud contracts with leading technology companies, including Microsoft and NVIDIA. The company raised its annualized run rate revenue guidance linked to these agreements. Large prepayments tied to GPU capital expenditure have improved IREN’s cash position. For investors watching IREN at a share price of $33.62, these fresh AI Cloud contracts mark a significant update in the company’s story. The stock is up 85.2% over the past year and has...
The Nasdaq composite holds up the best of the major indexes on Monday. Sandisk stock looks to end a losing streak.
IREN and Hut 8 rocketed higher Monday as both companies said more customers were spending on their cloud-computing infrastructure. IREN shares rose 16% in morning trading after the company said it had agreed to new multiyear cloud contracts with artificial-intelligence developers, representing $2.8 billion in total contract value. The company raised its target for annualized run-rate revenue from AI cloud services at the end of the year to more than $4 billion from $3.7 billion previously.
IREN Limited (NASDAQ:IREN) shares climbed 7% on Monday after the company announced $2. 8 billion in new multi-year AI cloud services contracts and increased its year-end 2026 AI Cloud annualised run-rate revenue (ARR) target to more than $4 billion, up from its previous forecast of $3.
Iren raised its 2026 annualized run-rate revenue target to more than $4 billion, up from $3.7 billion, following the signing of new multi-year cloud services contracts with leading AI developers.
IREN lifts cloud revenue forecast, as it upgrades contracts with AI leaders. Hut 8 lands a new $9.8 billion deal, with room to grow.
Chip and AI-linked stocks have whacked in recent weeks after a sharp run-up, while inflation concerns, the U.S.-Iran conflict, and stretched valuations have also weighed on sentiment.
CoreWeave has lost nearly half its value in a year while one analyst just reaffirmed a price target that implies 243% upside, and his reasoning hinges on a single contractual clause that most investors seem to be ignoring.
Nebius just unveiled an asset-light pivot designed to outmaneuver CoreWeave and the miner-to-AI crowd, yet the stock is cratering anyway. Here is what the selloff reveals about which neocloud models can actually survive the derating.
IREN stock has shed 41% in a single month alongside every major miner-turned-AI-infrastructure name, but a $3.4 billion NVIDIA contract and zero idle GPUs tell a very different story than the price action suggests.
Hammersley will oversee security across IREN’s data centers and compute stack as the company expands its AI Cloud platform and power portfolio.
Retail traders plan to buy dips as competition from Meta and valuation concerns pressure the sector.
IREN Limited (NASDAQ:IREN) is one of the 10 Best Growth Stocks With Highest Upside Potential. On July 6, 2026, Freedom Capital upgraded IREN Limited (NASDAQ:IREN) to Buy from Hold with an unchanged price target of $58. The firm said the shares have fallen with peers, creating “enough upside” to warrant a higher rating. Freedom Capital […]
IREN Limited (NASDAQ:IREN) is one of the stocks set to explode in the next 2 years. On June 1, IREN and BE Networks announced a collaboration to utilize NVIDIA DSX Air to simulate and validate the network architecture for an upcoming deployment of over 50,000 NVIDIA Blackwell Ultra GPUs. By creating a production-representative digital twin, […]
IREN Limited (NASDAQ:IREN) is one of the 10 Best Data Center Stocks to Buy in July. On July 7, TipRanks reported that Bernstein analyst Gautam Chhugani reiterated a Buy rating on IREN while setting a price target of $100.00. Similarly, Freedom Capital upgraded its rating on IREN to Buy from Hold on July 6, maintaining […]
Independent chair David Bartholomew published a shareholder letter explaining why the board granted each co-founder over 9 million restricted stock units, arguing the biggest risk to IREN's plan is losing…
What the new C-suite hires could mean for IREN stock IREN (NasdaqGS:IREN) has appointed Kambiz Aghili as Chief Product Officer and Michael Nudelman as Chief Development Officer, putting experienced cloud and data center leaders at the center of its expanding AI infrastructure business. For investors watching IREN stock, these hires are worth understanding because they directly oversee two areas that sit at the core of the company’s model: AI Cloud products and large scale data center build...
IREN stock has delivered a very large 3 year return, yet the current valuation checks lean expensive rather than cheap, even as recent news keeps expectations high around its AI data center pivot. Over the past 3 years the share price has returned roughly 5x, which sets a high bar for any further gains to be supported by fundamentals. Investor enthusiasm around IREN's AI cloud expansion, major compute contracts and index inclusion can support rich expectations, while concerns over large...
MARA Holdings vaulted Thursday after signing a deal for a new Texas data center site. AI, crypto plays surge. Bitcoin price rises.
The AI infrastructure trade has minted winners across the neocloud sector, but one name has been conspicuously left out. CoreWeave (NASDAQ:CRWV) has fallen 40.57% over the past year, even as Nebius Group (NASDAQ:NBIS) has surged 359.62% and IREN (NASDAQ:IREN) has climbed 154.62%. Even NVIDIA (NASDAQ:NVDA), CoreWeave’s largest partner, is up 27.74% over the same stretch. ... Down 40%, CoreWeave Is Being Left Behind By the Market
IREN Limited (NASDAQ:IREN) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer mentioned the stock and its peers during the episode, as he remarked: How about the small operators? You hear their names all the time. These are more like hybrids between neoclouds and specialized real […]
TeraWulf, IREN, and Hut 8 stocks surge as Bitcoin miners pivot to AI data centers, decoupling their share prices from crypto.
Penguin Solutions posted a nearly 48% revenue jump and raised guidance in fiscal Q3, prompting analysts to lift price targets amid strong institutional buying and a rallying stock.
IREN Limited (NASDAQ:IREN) is among the best under-the-radar stocks. On July 2, Forbes reported that IREN Limited (NASDAQ:IREN)’s board approved a four-year equity compensation package valued at $788 million for co-founders and co-CEOs Will Roberts and Daniel Roberts. They are receiving more than 9 million shares each that vest through 2030. The company said the program […]
Shares of TeraWulf (NASDAQ:WULF) are up 12% to $22.67 in mid-morning trading, leading a broad rebound across AI-infrastructure names that were hammered on Tuesday. IREN (NASDAQ:IREN) stock is up 7% to $42.55, while peers Applied Digital (NASDAQ:APLD) and Cipher Mining (NASDAQ:CIFR) are up 3% to $31.53 and up 5% to $21.45, respectively. Today’s move mirrors ... TeraWulf Rises 12%, IREN Climbs 7% as AI-Infrastructure Stocks Bounce Back
TeraWulf signed a 20-year, $19 billion lease with Anthropic for its Kentucky data center and sold its Abernathy stake for $450 million to fund the buildout amid high short interest.
Shares of TeraWulf (NASDAQ:WULF) are down 8% to $20.41 in Tuesday’s midday session, reversing yesterday’s rally on the Anthropic mega-deal. The drop lands in a broad AI-infrastructure pullback, with the NASDAQ 100 down 1.5% intraday. The move gives back most of the July 6 pop but leaves TeraWulf stock still up 78% year to date ... TeraWulf Drops 8% Even as Analysts Raise Price Targets on $19B Anthropic Deal, IREN Falls 7%, Applied Digital Slides 6%
Fund bets on data center and Bitcoin mining operator as portfolio outperforms S&P 500 by 141 percentage points.
IREN Ltd (NASDAQ:IREN) is one of the top 10 AI stocks that will skyrocket. On June 29, IREN Ltd (NASDAQ:IREN) disclosed that it has been included in the Russell 1000 Index after the recent reconstitution of FTSE Russell Indexes. The inclusion became effective at the close of play on June 26. Addition to the Russell […]
IREN rallies as bullish analyst backs $58 price target
The leading AI model builders are relentless in their pursuit of power and compute.
Today, July 6, 2026, the Bitcoin miner pivots toward long-term AI infrastructure revenue through a 20-year contracted partnership.
Shares of TeraWulf (NASDAQ:WULF) extended a powerful rally on Monday afternoon, separating the stock from its bitcoin-mining peers by a wide margin. WULF stock is up 4% today and up 95% year to date to $22.10, marking its most sustained rerating since going public. The catalyst is a landmark 20-year lease with Anthropic, the private ... TeraWulf Stock Is Up 95% This Year: Here’s Why
The Number Leaked Anthropic documents reportedly point to a 1.4 gigawatt Australian capacity push worth roughly $22 billion, and IREN (NASDAQ:IREN) sits among a short list of operators with announced gigawatt-scale Australian ambitions to bid for it. The figure reflects a reported market opportunity drawn from third-party documents, sitting outside company guidance and signed backlog. ... Does IREN Have the Inside Track on This $22 Billion Opportunity?
IREN Limited (NASDAQ:IREN) is one of the 7 Underperforming Data Center Stocks to Buy According to Short Sellers. According to a report released on July 1, Bernstein analyst Gautam Chhugani reiterated a Buy rating on the stock along with a $100 price target. The firm’s price target suggests an impressive 157% upside from the current […]
TeraWulf's 20-year lease deal with Anthropic is expected to generate $19 billion in revenue—and major Bitcoin mining stocks are surging.
Freedom Capital upgraded the renewable energy-focused data center operator to ‘Buy’ from ‘Hold.’
News of the deal lifted neocloud stocks, which had taken a beating over the past week. Terawulf spiked more than 15%.
Stocktwits data showed retail sentiment remained ‘bullish’ around SPY and QQQ.
Anthropic is seeking to procure at least 1.4 gigawatts of cloud capacity from Australian data centers, according to a new tender.
IREN gave its co-CEOs a $700 million stock grant locked until 2033, the year the founders' super-voting shares expire.
IREN's bold transformation from a Bitcoin miner to an AI infrastructure company is paying off.
APLD is ramping up AI data center expansion with billions in new financing, as much of its contracted capacity has yet to generate recurring revenues.
The updated blended fair value estimate for Iren has moved from US$70.40 to US$80.93, a shift that puts fresh attention on what is driving analysts’ models for the stock. This change sits against a backdrop of enthusiasm around Iren’s AI data center contracts with Microsoft and NVIDIA, while also being tempered by concern about execution risks as the company moves away from crypto mining. Read on to see how this evolving narrative could shape your own view of Iren over time. Stay updated as...
IREN's co-CEOs Daniel Roberts and William Roberts will both receive 9 million in restricted stock for the next 4 years.
IREN shares fell over 10% on Thursday, marking their worst single-day drop in a month and heading for a second straight weekly decline.
IREN's board voted to issue nearly $700M in restricted stock to the co-CEOs at a 4-year vesting schedule with a total 6 year lock-up period.
IREN Ltd (NASDAQ:IREN) is one of the 10 Bitcoin Miners That Are Now Data Center Companies. Gautam Chhugani from Bernstein reaffirmed a Buy rating on IREN Ltd (NASDAQ:IREN), along with the price target of $100 on June 23. The firm’s price target reflects an impressive 117% upside from the current levels. The firm’s price target […]
The awards carry a combined six-year vesting and holding period, and the executives will not receive any additional equity grants until the company’s fiscal 2031.
Stocktwits data showed retail sentiment around SPY and QQQ is ‘bullish.’
The artificial intelligence buildout has created one of the largest infrastructure races in technology history. Companies across the industry are spending hundreds of billions of dollars on data centers, GPUs, networking equipment, and energy capacity to support AI models. Annual AI infrastructure spending by the major hyperscalers is approaching $750 billion, as they, startups, and ... Nebius, Coreweave, and IREN Tumble on Meta’s Cloud Ambitions. Is This the End of the Neocloud Boom?
IREN Limited (NASDAQ: IREN), the Bitcoin (BTC) miner that is increasingly pivoting itself into an AI cloud provider, has been added to the Russell 1000 Index. The Russell 1000 is a stock market index tracking roughly the 1,000 largest U.S. companies by market capitalization. It represents about 93% ...
IREN Limited (NASDAQ:IREN) shares rose 3. 6% in premarket trading on Monday after the company was added to the Russell 1000 Index as part of FTSE Russell’s annual index reconstitution, which became effective after the market closed on 26 June.
Growth investors are prioritizing AI stocks for market-beating returns, and it's no wonder why that's the case.
IREN Ltd. (NASDAQ:IREN) is one of the 10 worst artificial intelligence stocks under $30 according to short sellers. On June 18, Jonathan Petersen from Jefferies initiated his coverage of IREN Ltd. (NASDAQ:IREN). Peterson set the target price at $79 and assigned a Buy rating to the stock. He reported that Iren has successfully executed an […]
IREN (NasdaqGS:IREN) has shifted its focus toward building large scale data centers for artificial intelligence workloads. The company recently signed new long term infrastructure contracts with Microsoft and Nvidia tied to AI capacity. IREN is expanding its international data center footprint, including additional power and hosting capacity for AI clients. IREN is moving beyond its roots in crypto related infrastructure and is now presenting itself as a builder and operator of AI focused...
In a completely AI-driven world, these companies could grow significantly in value.
IREN Limited's contracted AI capacity and Blackwell expansion can fuel revenue growth as new GPU deployments bring more contracted infrastructure online.
Strategy, Coinbase Lead Crypto Stock Meltdown as Bitcoin Breaks Down
We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. CleanSpark (NASDAQ:CLSK) ranks #5 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks). Situational Awareness Stake Value: $104,469,943 CleanSpark (NASDAQ:CLSK) is a Bitcoin miner that is attempting a partial pivot toward AI infrastructure and data center development. Unlike peers such as Core […]
Micron reported record numbers for its fiscal third quarter and indicated that rapid growth will be sustained over the next few years.
We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. Bitdeer Technologies Group (NASDAQ:BTDR) ranks #7 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks). Situational Awareness Stake Value: $29,751,243 Bitdeer Technologies Group (NASDAQ:BTDR) is a Bitcoin miner founded in 2021 that is now pivoting toward AI cloud services. What makes it […]
We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. IREN (NASDAQ:IREN) ranks #1 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks). Situational Awareness Stake Value: $401,036,064 IREN (NASDAQ:IREN) is one of the top holdings in Leopold Aschenbrenner’s Situational Awareness portfolio as of Q1 2026. The company is in the middle […]
IREN Limited (NASDAQ:IREN) is one of the most promising long-term stocks to buy according to analysts. On June 15, IREN finalized its acquisition of the Spanish-based data center developer Ingenostrum, known as Nostrum Group. This move serves as the company’s official entry into the European market, securing ~490MW of grid-connected power in Spain along with […]
We just covered the 10 Stocks That Will 10X According to Social Media. IREN Ltd (NASDAQ:IREN) ranks #2 (see 5 Stocks That Will 10X According to Social Media). Number of Hedge Fund Investors: 53 IREN Ltd (NASDAQ:IREN) is a data center company that builds and operates facilities filled with high-powered Nvidia GPUs, which it then […]
Mara Holdings and Soluna Holdings are underrated players in the AI data center boom.
Thanks to a string of major AI deals and an expanding cloud platform, IREN has won over Jefferies, which sees more than 30% upside ahead.
IREN (NASDAQ:IREN) has transformed from a Bitcoin miner into one of the most aggressively contracted AI cloud platforms on the public market, and the stock has rerated to match. Shares closed at $59.96 on June 18, 2026, up 511.84% over the past year. Our 24/7 Wall St. price target for IREN is $114.86, implying 91.55% ... IREN Stock Set for 92% Surge
IREN (NasdaqGS:IREN) has completed its acquisition of Nostrum Group/Ingenostrum S.L. in Spain. The deal adds nearly 500MW of grid-connected power capacity and a local operating team in Spain. The transaction marks IREN's first entry into Europe and expands its AI data center footprint beyond Australia and the U.S. IREN is best known for its roots in Bitcoin mining and large-scale data center operations, and this Nostrum Group acquisition shows how the business mix is shifting. By adding...
TeraWulf gains an edge over IREN Limited as high-margin HPC leasing becomes its primary growth driver with stronger revenue visibility.
Jefferies stated that IREN's 6 GW power portfolio and major deals with Microsoft and Nvidia position it as an emerging AI infrastructure player.
IREN Limited's Nostrum acquisition expands its European footprint, adding power capacity, development sites and local expertise for AI infrastructure growth.
Power has become the binding constraint on the AI boom, and one $130 million stock just signed a 15-year, $2.6 billion lease that validates the entire thesis. Wall Street hasn't priced it yet.
SharonAI Holdings secured a six-year compute agreement with Nvidia to build 72 MW of new data center capacity and scale up to 40,000 Grace Blackwell GB300 GPUs, pushing its total AI factory footprint to 132 MW.
IREN now has 5 GW of capacity under its belt with its Nostrum acquisition.
Anthropic pulled the plug on its Mythos / Fable 5 model after the U.S. government raised concerns, and IREN has completed its acquisition of Nostrum for 490 MW of capacity…
Crypto stocks rally after Hormuz deal eases tensions
IREN closed its purchase of Spain-based Nostrum Group, gaining 490MW of secured power capacity and a development pipeline that marks the company's first European AI infrastructure footprint.
NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has completed the acquisition of Ingenostrum, S.L. (Nostrum Group), a developer of grid-connected AI data centers based in Spain. The acquisition marks IREN’s entry into the European market, adding approximately 490MW of secured, grid-connected power in Spain and an additional development pipeline. Nostrum also brings a team of more than 50 people across development, engineering, construction and
IREN Ltd (NASDAQ:IREN) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 3, IREN Ltd (NASDAQ:IREN) reported that it had signed a transmission connection agreement for an 800 megawatt data center in South Australia. This is the company’s first data center in Australia and shows how the […]
In early June 2026, IREN Limited closed a US$3.65 billion investment-grade GPU financing facility linked to its Microsoft AI cloud contract and advanced plans for an 800MW, transmission-ready data center campus in Bundey, South Australia, while also engaging BE Networks and NVIDIA DSX Air to test its upcoming Blackwell Ultra GPU deployment via a digital twin. Taken together, these moves highlight how IREN is trying to reposition itself from a Bitcoin miner into a large-scale AI...
Stocks rallied on optimism surrounding a potential U.S.-Iran peace deal and SpaceX's historic IPO debut, reinforcing investor confidence and market momentum
IREN Limited (NASDAQ:IREN) is one of the best young stocks with the highest upside potential. On June 1, IREN announced that it has closed a $3.65 billion investment-grade GPU financing facility to support the delivery of its AI cloud contract with Microsoft. The financing is designed to fund large-scale GPU capital expenditures tied to the […]
Applied Digital is successfully transitioning into a premier digital infrastructure landlord by securing massive hyperscaler commitments for its data centers.
IREN Limited (NASDAQ:IREN) is one of the best IPO stocks to buy and hold for 2 years. On May 26, IREN Limited announced a purchase agreement with Dell to acquire air-cooled Blackwell systems to support its previously disclosed five-year, $3.4 billion managed services AI cloud contract. The deployment, which represents a $1.6 billion investment including […]
IREN (NasdaqGS:IREN) has expanded its global data center development pipeline to 5.8 GW, signaling a much larger buildout of high-performance computing sites. The company has entered a multi year, $3.4b partnership with Nvidia to supply AI infrastructure, adding a major new customer relationship alongside its existing work with Microsoft. These moves indicate a deeper push into AI cloud infrastructure and a broader geographic footprint for IREN’s computing assets. IREN’s share price sits at...
Iren Ltd (NASDAQ:IREN) is one of the best data center stocks to invest in according to billionaires. Iren Ltd (NASDAQ:IREN) shares have gained around 45% year-to-date and surged 590% over the past 12 months. Iren Ltd (NASDAQ:IREN) continues to expand its data center capacity as it looks to capitalize on the booming AI-driven demand. On […]
Iren has doubled its gigawatt portfolio since the start of the year.
Iren Ltd (NASDAQ:IREN) is one of the most profitable cryptocurrency stocks to buy now. The stock is up roughly 45% year-to-date, and it has exploded more than 590% over the past year. Analysts continue to see upside potential in IREN shares. On June 4, B.Riley raised its price target on Iren Ltd (NASDAQ:IREN) shares to […]
Almost six months ago, our December 2025 piece Analysts See Triple-Digit Revenue Growth in 2026 for These 3 AI Infrastructure Stocks argued that three names sat in the sweet spot of the AI buildout: Nebius (NASDAQ: NBIS) with an annual recurring revenue (ARR) ramp implying up to roughly 1,600% growth, IREN (NASDAQ: IREN) targeting over ... AI Infrastructure Scorecard: Which of These 3 Stocks Is Delivering on Triple-Digit Growth Promises
IREN Limited is expanding into Australia with an 800MW data center campus designed to support growing AI infrastructure demand across Asia-Pacific.
Dell Technologies recently reported first-quarter fiscal 2027 results showing revenue of US$43.84 billion and net income of US$3.44 billion, while also collaborating with AMD and the University of Cambridge on the Zenith and Sunrise AI supercomputers for UK scientific research and fusion energy work. Together with a new US$1.60 billion Blackwell systems purchase agreement from IREN Limited and a sharply higher full-year outlook for AI-optimized server revenue, these developments highlight...
Bitcoin Rebound Sparks Rally Across Crypto Stocks After Brutal Selloff
Market rotation into robotics, crypto infrastructure, AI data centers, and precious metals is creating opportunities in speculative stocks under $20, including SERV, BTBT, and CDE.
IREN Limited is pivoting from Bitcoin mining to AI infrastructure, securing an 800MW data center campus in Australia and a $3.65 billion Microsoft-backed financing facility.
Iren announced first-quarter earnings, along with a new partnership with Nvidia.
B. Riley Securities lifted its IREN price target to $96 from $88 after the company secured a transmission connection agreement for a planned 800 MW data center campus in South…
IREN Limited surges 60% in three months, but falling Bitcoin mining revenues, rising impairment charges and fierce AI data center competition cloud the outlook.
NasdaqGS:IREN has announced plans for an 800MW data center campus in Australia, one of the largest projects disclosed in the Asia Pacific region. The campus is supported by a newly signed transmission connection agreement that provides a scalable high voltage grid link, renewable energy access, and international fiber connectivity. This is IREN's first publicly announced project in Australia and marks a move beyond its existing North American footprint. For investors watching NasdaqGS:IREN,...
The S&P 500 Index ($SPX ) (SPY ) today is down -0.57%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.58%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.60%. June E-mini S&P futures (ESM26 ) are down -0.50%, and June E-mini Nasdaq futures...
HIVE's revenue surged 158%, but investors are focused on whether its AI infrastructure pivot can offset growing pressure on Bitcoin mining
The S&P 500 Index ($SPX ) (SPY ) today is down -0.40%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.08%. June E-mini S&P futures (ESM26 ) are down -0.48%, and June E-mini Nasdaq futures...
IREN is raising money, landing deals, and going up in the stock market faster and faster. Should you press the buy button?
IREN expands its data center and AI operations to Australia with a new deal. Bernstein shifts targets on three bitcoin miners. Bitcoin price slides.
Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.
IREN Limited (NASDAQ:IREN) has taken a major step forward in its artificial intelligence infrastructure strategy after signing a transmission connection agreement for a planned 800MW data center campus in South Australia. The project marks the company’s first publicly announced data center development in Australia and significantly expands its footprint in the Asia-Pacific region.
IREN expands its data center and AI operations to Australia with a new deal. Bernstein shifts targets on three bitcoin miners. Bitcoin price slides.
IREN secured a transmission connection agreement for an 800MW data center campus in Bundey, South Australia, marking its first Australian AI infrastructure project with energization expected from 2028.
Iren signed a transmission connection agreement for an 800-megawatt data center campus in South Australia
Keel Infrastructure, Bitdeer and HIVE lead a broad rally among former bitcoin miners repositioning around AI, with one name up nearly 25% on the week.
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
Anthropic has filed for an IPO and Strategy finally sold bitcoin for the first time since 2022.
IREN (NasdaqGS:IREN) is partnering with BE Networks to use NVIDIA DSX Air to digitally simulate and validate an upcoming deployment of more than 50,000 NVIDIA Blackwell Ultra GPUs. The partnership aims to create a digital twin of IREN's planned AI infrastructure before physical rollout to help reduce integration and deployment risk. IREN has closed a US$3.65b investment grade GPU financing facility, described as the first of its kind in the U.S. The financing is tied to IREN's AI cloud...
The facility is the highest publicly rated investment-grade GPU financing and the first in the U.S. private placement market, according to IREN. It supports a multibillion-dollar AI cloud buildout in…
BE Networks, a leading provider of networking and observability software solutions for AI datacenters today announced that it is working with IREN Limited (NASDAQ: IREN), a leading next-generation data center and AI cloud infrastructure company, to leverage NVIDIA DSX Air to simulate and validate the network architecture supporting IREN's upcoming deployment of more than 50,000 NVIDIA Blackwell Ultra GPUs.
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and IREN Limited (NASDAQ:IREN) ranks 12th on this list. IREN Limited (NASDAQ:IREN) has consistently featured in the 13F portfolio of Situational Awareness LP since the first quarter of 2025. Back then, this position consisted of just 3.3 […]
This deal has bolstered investors' enthusiasm for the data center operator.
Dell Technologies (NYSE:DELL) reported what executives described as a record fiscal 2027 first quarter, driven by surging demand for AI servers, traditional servers, storage and commercial PCs, while warning that component supply remains the main constraint on further growth. Jeff Clarke said reven
Nebius stock was rising on the disclosure of a significant investment in the neocloud by a prominent artificial-intelligence bull.
Bitcoin mining stocks surged as investors view miners as AI infrastructure providers rather than crypto-focused companies. Hut 8 shares have climbed nearly 600% year-over-year, while ...
Robinhood now allows AI to trade for you, and IREN just purchased $1.6 billion worth of GPUs for AI workloads.
Robinhood now allows AI to trade for you, and IREN just purchased $1.6 billion worth of GPUs for AI workloads.
The AI trade is heating up just in time for summer, and as we enter the month of June, the SpaceX IPO could crank up the heat several notches as a flood of investors finally get a chance to own a piece of Elon Musk’s space and AI empire. Who knows? It’s speculated that Tesla ... The Bitcoin-Miners-Turned-AI-Neocloud Plays Might Still Be an Underappreciated Trade in AI
Dow Jones futures fell slightly early Thursday overnight, along with S&P 500 futures and Nasdaq futures. Oil prices rose somewhat. Marvell Technology rose slightly on earnings while Snowflake surged. The Fed's favorite inflation gauge, the core PCE price index, is due before the open.
T1 Energy’s shares have risen 128% in May so far, putting it on track for its best monthly performance on record.
IREN Ltd. (NASDAQ:IREN) is one of the 9 Stocks With Unbelievable Gains. IREN Ltd. saw its share prices grow by 13.48 percent on Wednesday to close at $67.84 apiece, as investor sentiment was boosted by the successful acquisition of Nvidia Blackwell systems—a move expected to bolster its annualized run-rate revenues (ARR) to $4.4 billion. In […]
Earlier this week, IREN Limited agreed to a roughly US$1.60 billion purchase of Dell systems using Nvidia’s Blackwell GPUs for its Childress, Texas data centers, aiming to support a previously announced five‑year US$3.40 billion managed AI cloud services contract and lift projected annualized run‑rate revenue from US$3.70 billion to US$4.40 billion by early 2027. The deal underlines how IREN’s access to next‑generation Nvidia hardware via Dell is becoming central to its effort to reposition...
The major indexes edged higher as oil prices dived, with Amazon flashing a buy signal. Snowflake jumped late.
The computing infrastructure provider is helping its customers build AI factories faster.
Leopold Aschenbrenner’s Situational Awareness LP disclosed a $2.6-billion stake in Nebius.
The major indexes edged higher as oil prices dived, with Amazon flashing a buy signal. Snowflake jumped late.
IREN has entered a $1.6 billion agreement with Dell to acquire Nvidia Blackwell GPUs.
IREN Pushes Deeper Into AI With $1.6 Billion Dell Hardware Purchase
IREN agrees to $1.6 billion deal with Dell Technologies to buy Nvidia Blackwell systems for its AI data center sites. Shares surge.
Spot Bitcoin has spent 2026 grinding lower while the companies that mine it have ripped higher. iShares Bitcoin Trust ETF (NASDAQ:IBIT), the largest spot Bitcoin ETF on the market, is down roughly 13% year to date, tracking Bitcoin itself almost tick for tick as the coin has slid from around $87,000 at year end to ... Bitcoin Is Down 7 Percent This Year But Bitcoin Mining ETFs Are Up Over 50 Percent. This Is The Real Crypto Story of 2026
IREN Limited (NASDAQ:IREN) said Tuesday it signed a purchase agreement with Dell Technologies Inc. (NYSE:DELL) for NVIDIA Corp. (NASDAQ:NVDA) air-cooled Blackwell systems to support its previously announced five-year, $3.4 billion managed-services AI cloud contract. IREN Expands AI Infrastructure With Dell Blackwell Deal The deployment will take place at IREN's existing data centers in Childress, Texas, with commissioning expected in early 2027. The company said the expansion is designed to acce
IREN (NasdaqGS:IREN) agreed to purchase $1.6 billion of Nvidia Blackwell systems from Dell to power its AI data centers in Texas. The company plans to use this hardware to serve previously announced AI cloud contracts at its existing Texas campus. Management has highlighted power grid constraints as a key risk for new AI data centers, with many projects facing multi year delays. IREN points to its pre secured power infrastructure as a key factor in being able to deploy new AI compute...
The Blackwell systems will be installed at its Texas data center.
As the AI infrastructure race heats up, IREN has already soared over 58% in 2026, fueled by booming demand and growing ties with AI darling Nvidia.
Data center operator IREN said on Tuesday it has agreed to buy Nvidia's air-cooled Blackwell systems from Dell for about $1.6 billion, as it aims to bring more capacity online to keep up with soaring AI demand. The deal is to service its previously announced five-year $3.4 billion cloud AI service contract with Dell, an AI server maker, IREN said in a statement. The Blackwell systems will be set up across existing data centers at IREN's Childress, Texas, campus, and are expected to be read
Download the Complete Report Here Alpha Compute Corp. (ALP) Revenue-Generating AI Compute Pivot Now Visible; $21 Million NTM Sales Outlook Highlights Scale-Up Potential Key Takeaways: $32.2 million AI lab contract validates ALP’s pivot to AI GPUaaS and confidential compute, creating $16.1 million of annual contracted revenue. $21 million NTM revenue outlook anchors the scale-up trajectory, […]
Most people are ignoring these tech stocks, presenting a compelling opportunity for savvy investors.
Legendary hedge fund manager Paul Tudor Jones has massively increased his stake in data center and infrastructure company IREN Ltd. (NASDAQ:IREN), expanding his position by 57% to capitalize on the explosive artificial intelligence (AI) boom. A Strategic Pivot To Equity According to Tudor Investment Corp's latest first quarter 2026 13F filing, Jones purchased an additional 11.58 million common shares of IREN, bringing his total holdings to a staggering 31.8 million shares. The equity position is
Nvidia's dramatic 2,400% increase of its quarterly dividend from $0.01 to $0.25 per share coincides with the release of its latest Q1 fiscal 2027 earnings record, which highlights revenue of $81.6 billion. But bulls are betting on growth.
Cipher Digital's long-term hyperscale leases and $11.4B in contracted revenues give it an edge over IREN Limited as AI infrastructure demand accelerates.
The artificial intelligence boom has kicked off one of the largest infrastructure races since the early internet era. Nvidia (NASDAQ:NVDA) GPUs are selling faster than they can be packaged. High-bandwidth memory has become scarce enough that companies like Micron Technology (NASDAQ:MU) and SK hynix are effectively sold out months in advance. Utilities from Virginia to ... IREN’s CEO Just Said 11 Words that Delivered the AI Boom a Brutal Reality Check
Demand for Nvidia's AI chips keeps rising, but its stock portfolio can become a catalyst for future earnings.
IREN Limited has been added to the Russell 3000 Index, bringing it into a widely followed U.S. equity benchmark. The inclusion recognizes IREN's pivot toward AI and cloud infrastructure alongside its existing crypto operations. The change is linked to index rebalancing that affects which companies are tracked by index funds and ETFs. NasdaqGS:IREN has drawn more attention recently, with the share price at $56.83 and very large 1 year gains, up roughly 7x. The stock is also up 7.3% over the...
SharpLink Gaming and BitMine Immersion enter the index despite mixed earnings results as Ethereum trades down more than 4% in the past 24 hours.
IREN Limited (NASDAQ:IREN) is one of the 10 Best Stocks in Leopold Aschenbrenner’s Portfolio. On May 18, 2026, IREN Limited (NASDAQ:IREN) announced the acquisition of Awaken, a creative and media agency specializing in brand development for high-growth companies. Upon completion of the transaction, Awaken will cease all independent operations, and its team will integrate directly […]
Nvidia now has a financial incentive to help this emerging AI data center company succeed.
Our IREN (NASDAQ:IREN) call is constructive. Shares closed at $47.74 on May 19, 2026, well off the post-earnings high near $60.80 but still up 459% over the past year. Our 24/7 Wall St. price target for IREN is $64.62, implying 35.36% upside over the next 12 months. Our model carries a constructive rating on IREN ... IREN’s $3.4 Billion NVIDIA Deal Points To Something Big Around The Corner
IREN (NasdaqGS:IREN) is back in focus after a sharp pivot toward AI cloud and data center infrastructure, anchored by a five year AI cloud services contract with NVIDIA and related equity rights. See our latest analysis for IREN. Recent trading reflects that story clearly, with the share price up 10.15% in the past day, a 30 day share price return of 28.54% and a 90 day share price return of 45.22%, while the 1 year total shareholder return is extremely high and signals strong momentum...
The Dow hit a record close as oil prices fell further. Amazon led AI stocks in buy areas even as Nvidia retreated.
The Dow hit a record close as oil prices fell further. Amazon led AI stocks in buy areas even as Nvidia retreated.
The Dow hit a record close as oil prices fell further. Amazon led AI stocks in buy areas even as Nvidia retreated.
The Dow hit a record close as oil prices fell further. Amazon led AI stocks in buy areas even as Nvidia retreated.
Nvidia GPU Power Crunch Sends Shockwaves Through Neocloud Winners
IREN is betting on AI cloud growth to offset weaker Bitcoin mining revenues as GPU demand and contracted capacity expand.
CleanSpark Inc. (NASDAQ:CLSK) is one of the 10 Stocks With Powerful Gains. Shares of CleanSpark rallied for a second day on Tuesday, jumping 9.30 percent to close at $14.69 apiece, as investors took heart from an investment firm’s bullish call for its stock. In a market note, CleanSpark Inc. (NASDAQ:CLSK) received a $24 price target […]
IREN (NasdaqGS:IREN) has agreed to acquire Awaken, a creative and media agency, to build out its global brand and marketing capability. The CEO of Awaken, Chris Parker, will take on a leadership role in IREN’s brand and marketing following the transaction. The move comes as IREN accelerates its pivot from bitcoin mining toward AI cloud infrastructure and enterprise AI services. IREN is in the middle of a sizeable repositioning, with the stock trading at $50.46 and showing a very large 1...
Keel Infrastructure is a smaller crypto miner that is pivoting to AI, and investors are missing out.
Analysis of the latest 13F filing from Leopold Aschenbrenner's Situational Awareness shows a rotation into HPC and mining stocks like BITF, RIOT, BTDR, IREN, CORZ, and INTC.
The data center operator's latest spate of news items confirmed both its upside potential and its lingering risks.
This technology-driven insurer leverages data science and automation to streamline claims and attract digitally savvy policyholders.
Blockspace's Friday livestream covered IREN's record convertible note offering, CME's compute futures launch, Trump family crypto-linked equity purchases and Hut 8's Illinois data center fight.
AI compute futures are now live on the CME, and IREN has raised $3B in a new convertible note offering.
AI compute futures are now live on the CME, and IREN has raised $3B in a new convertible note offering.
Mike Alfred explains his deliberate asset concentration in AI stock market leaders IREN (IREN) and Cipher (CIFR).
Leading cryptocurrencies such as Bitcoin (CRYPTO: $BTC) and Ethereum (CRYPTO: $ETH) ended the week in the red as th...
IREN Limited (Nasdaq: IREN), the Bitcoin (BTC) mining and artificial intelligence (AI) infrastructure company, earlier this month signed a deal with NVIDIA (Nasdaq: NVDA). The company signed a 5-year AI cloud contract with NVIDIA for $3.4 billion. In addition, it also entered into ...
Iren Stock Drops on Nearly $3 Billion Convertible Notes Sale
IREN is accelerating its AI infrastructure push with NVIDIA partnerships, secured power capacity and a $10 billion revenue backlog.
As the physical layer of the AI revolution becomes the primary bottleneck of growth, IREN Limited has successfully re positioned itself from a crypto miner to a vital infrastructure provider.
IREN (NasdaqGS:IREN) has completed a US$2.6b upsized convertible senior notes offering. The new capital is aimed at speeding up its shift from Bitcoin mining to AI cloud infrastructure. The raise follows a US$3.4b five year AI cloud agreement with NVIDIA and a multi billion equity investment right for NVIDIA in IREN. IREN has also acquired Mirantis and Nostrum/Ingenostrum to build out AI focused data center capabilities in the US and Europe. IREN is moving from a pure play Bitcoin miner to...
Alpine Fox Capital's Q4 2025 SEC filing reveals a $48.4 million stake in Cipher Digital and $25.7 million in IREN, alongside call positions in BlackRock's bitcoin ETF worth about $45…
Working with Nvidia represents this neocloud operator's second AI hyperscaler deal in the last year.
Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 2.6% in the afternoon session after the company revealed a series of significant investments and partnerships, boosting investor confidence ahead of its earnings report.
IREN Ltd (NASDAQ:IREN) is one of the 7 Best Data Center GPU-as-a-Service Stocks To Buy. On May 5, IREN Ltd (NASDAQ:IREN) agreed to acquire Mirantis, a cloud infrastructure and Kubernetes-based orchestration services provider with enterprise support services. The deal was valued at about $625 million. With this acquisition, the company has expanded its portfolio in […]
Amid concerns about an AI bubble, Bernstein analysts think Nvidia is trading at a relatively low valuation.
We just covered Grok’s Latest Stock Portfolio in 2026: Elon Musk’s AI Chatbot’s Top 10 Stock Picks. IREN Limited (NASDAQ:IREN) ranks #7 (see Grok’s Latest Stock Portfolio in 2026: AI Assistant’s Top 5 Stock Picks). Number of Hedge Funds: 46 IREN Limited (NASDAQ:IREN) operates large data centers and makes money by renting out computing power […]
The company has emerged as one of the foremost neoclouds, providing additional cloud-computing capacity at a time when AI data centers and the power to run them are scarce. Getting those data centers online is the next challenge. CoreWeave which had a mixed earnings report last week, rose 3.6%.
IREN faces pressure from falling Bitcoin mining revenues, rising impairment charges and premium valuation as AI cloud competition intensifies.
Is IREN a good stock to buy? We came across a bullish thesis on IREN Limited on Stay Invested’s Substack by Denis Gorbunov. In this article, we will summarize the bulls’ thesis on IREN. IREN Limited’s share was trading at $49.48 as of May 4th. IREN’s trailing and forward P/E were 31.71 and 62.50 respectively according to […]
Nebius Group is closing in on its chief rival after the artificial-intelligence cloud provider reported better-than-expected quarterly results on Wednesday. The company has emerged as one of the foremost neoclouds, providing additional cloud-computing capacity at a time when AI data centers and the power to run them are scarce. Getting those data centers online is the next challenge.
IREN is planning a $2.3B convertible note offering to scale its AI line and DeFi degens are starting to trade STRC.
Applied Digital's ChronoScale stake expands its AI strategy beyond data centers, adding GPU cloud exposure as AI compute demand accelerates.
In early May 2026, IREN Limited announced a five-year, US$3.40 billion AI cloud services contract with NVIDIA, alongside plans to deploy NVIDIA Blackwell-based systems across about 60MW at its Childress, Texas data centers. The deal, paired with NVIDIA’s right to buy up to 30 million IREN shares over five years, effectively anchors IREN’s pivot from Bitcoin mining toward large-scale AI infrastructure provision. We’ll now examine how this multi-billion-dollar NVIDIA AI cloud agreement could...
The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +0.19%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.29%. June E-mini S&P futures (ESM26 ) rose +0.18%, and June E-mini Nasdaq futures...
The S&P 500 Index ($SPX ) (SPY ) today is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.17%. June E-mini S&P futures (ESM26 ) are up +0.29%, and June E-mini Nasdaq futures...
IREN is planning a $2.3B convertible note offering to scale its AI line and DeFi degens are starting to trade STRC.
IREN stock under pressure after $2 billion capital raise announcement
Today, May 11, 2026, investors are weighing fresh debt, an earnings miss, and a sprawling Nvidia-backed AI buildout.
The S&P 500 Index ($SPX ) (SPY ) today is up +0.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.06%. June E-mini S&P futures (ESM26 ) are up +0.19%, and June E-mini Nasdaq futures...
Circle Internet tops earnings views, USDC stablecoin circulation booms. Crypto stocks jump ahead of Senate hearing on the Clarity Act.
JPMorgan Chase (NYSE:JPM) raised its price target on Iren (NASDAQ:IREN) stock to $46 from $39 while keeping an Underweight rating. The unusual combination, a price target raise paired with a bearish stance, reflects the firm’s skepticism about the structure of Iren’s blockbuster NVIDIA (NASDAQ:NVDA) partnership. For prudent IREN stock investors, the call is a reminder ... JPMorgan Hikes IREN Price Target to $46 but Stays Underweight on Circular NVIDIA Deal Concerns
Circle Internet tops views, USDC stablecoin circulation booms. IREN retreats on $2 billion offering. Keel Infrastructure falls.
IREN Limited (NASDAQ:IREN) shares fell 6% on Monday after the company announced plans to launch a $2 billion offering of convertible senior notes. The company said the proposed notes, due in 2033, will be offered privately to qualified institutional buyers.
NVIDIA Corporation (NASDAQ:NVDA) is one of the 9 Best American Semiconductor Stocks to Buy According to Analysts. On May 7, 2026, NVIDIA Corporation (NASDAQ:NVDA) and Iren announced a strategic partnership aimed at accelerating the deployment of next-generation AI infrastructure. Under the agreement, the companies plan to support the deployment of up to 5 gigawatts of […]
Shares of IREN (NASDAQ:IREN) are down roughly 9% in early Monday trading to $55.83, giving back a chunk of Friday’s powerful rally. The move follows Friday’s 8% surge to $61.20, which was triggered by a landmark AI cloud partnership with NVIDIA (NASDAQ:NVDA). Profit-takers are clearly stepping in after a parabolic run. IREN stock is still ... IREN Drops 9% After Friday Rip: NVIDIA AI Cloud Excitement Cools as Profit-Taking Hits
Circle Internet tops views, USDC stablecoin circulation booms. IREN retreats on $2 billion offering. Keel Infrastructure falls.
Nvidia Corp.'s latest partnership with IREN Ltd. underscores the chip giant's aggressive strategy to scale AI infrastructure globally as demand surges and competitive pressure from Advanced Micro Devices, Inc. intensifies. Nvidia Expands AI Infrastructure To Defend Market Leadership Speaking to...
NVIDIA Corporation (NASDAQ:NVDA) is one of the best stocks to buy with wide moats. The latest moat-relevant update came on May 7, 2026, when NVIDIA Corporation (NASDAQ:NVDA) and IREN announced a strategic partnership to accelerate the deployment of up to 5 gigawatts of NVIDIA DSX-aligned AI infrastructure across IREN’s global data-center pipeline. The companies said […]
This biotech firm develops therapies for rare pulmonary diseases, leveraging proprietary drug delivery technology in the U.S. market.
Nvidia (NVDA) is a semiconductor giant and artificial intelligence king. It makes GPUs, CPUs, AI inference accelerators, and networking solutions (which are becoming increasingly more important). The company divides its revenue sources into five end markets: Data Center, Gaming, Professional ...
Everyone and their grandmother waited to disclose AI deals during quarterly earnings, with IREN, Hut 8, and Cipher Digital announcing new tenants and massive expansion plans.
IREN shares soar on a $3.4 billion AI cloud infrastructure deal with Nvidia. But does that warrant buying IREN stock at current levels? Let’s find out!
Today, May 8, 2026, a massive Nvidia-backed AI cloud push is reshaping this crypto miner into a vertically integrated data center player.
A partnership with an AI leader has investors excited.
IREN posts a wider Q3 net loss and revenue plunge sequentially as bitcoin mining weakens, though AI cloud growth and a major NVIDIA deal boost momentum.
Power infrastructure, land, data centers—these take years to permit, finance, and build. This quarter, we demonstrated what disciplined execution against it looks like at a global scale. In AI infrastructure, secured power is only valuable if it can be converted into customer-ready compute.
Memory-chip stocks rallied on Friday amid heightened spending on AI data centers. Micron stock and Sandisk both hit record highs.
IREN announced a strategic partnership with Nvidia, as well as a separate deal to provide cloud services for the artificial intelligence chip giant.
IREN (NasdaqGS:IREN) has agreed to acquire Spain based data center developer Nostrum Group. The deal marks IREN's first entry into Europe and adds nearly 500MW to its secured power and development pipeline. Nostrum Group brings on the ground development teams in Spain to support IREN's expansion plans. IREN has been known primarily as a Bitcoin miner, and more recently for its push into AI infrastructure through deals such as the Mirantis partnership, Sweetwater 1 energization, and work...
The stock market hit fresh highs as crude oil prices tumbled below $100 on Iran hopes. Earnings were mostly strong, though there were big losers too
Nvidia stock and IREN were both rising after the companies agreed to deploy five gigawatts of AI infrastructure.
Market Catalysts host Julie Hyman takes a look at some of Friday's trending tickers and stories. CoreWeave (CRWV) stock is sinking after the company issued weak revenue guidance. IREN (IREN) stock is surging on news that Nvidia (NVDA) is investing up to $2.1 billion in the company. Rocket Labs (RKLB) stock is skyrocketing on the company's strong quarterly sales numbers. Wendy's (WEN) stock is on the rise after the company beat Wall Street's earnings estimates.
CoreWeave stock tumbles as the cloud computing company misses analysts’ earnings forecasts for the first quarter and issues a soft current-quarter outlook.
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before F
Dow Jones futures: President Donald Trump says a U.S.-Iran ceasefire is intact despite clashes. Rocket Lab, Cloudflare and IREN are big earnings movers.
Bitcoin miner IREN continues its shift to AI infrastructure with a new strategic partnership with Nvidia. IREN stock rallies.
IREN (NASDAQ: IREN) reports fiscal Q3 results after the close today. The numbers should look strong, but the real story sits behind them: a Microsoft contract ramp, a freshly energized Sweetwater campus, and a just-announced acquisition that reshapes the business. From Mining Roots to a Full-Stack AI Neocloud Last quarter’s $184.7M revenue report missed the ... Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next