Iren › Shares of Iren (NASDAQ: IREN) jumped more than 11% on Monday after the rapidly expanding artificial intelligence (AI) infrastructure provider announced a $9.7 billion cloud contract with Microsoft.

IREN Limited (NASDAQ:IREN) is one of the 12 Best Performing Stocks in the Last 3 Months. On October 22, B. Riley increased its price target on IREN Limited (NASDAQ:IREN) from $29 to $74 and reiterated a Buy rating as the research firm updated its estimates for high-performance computing companies.

IREN (NASDAQ:IREN) and Cipher Mining (NASDAQ:CIFR) burst into the spotlight on Monday with multi-billion-dollar deals that are reshaping the AI infrastructure arms race. As demand for AI-driven computing skyrockets,

Microsoft Corp. has signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company’s largest customer.

Iren (NASDAQ: IREN) easily surmounted the hump of Hump Day, with its shares closing the day more than 17% higher in price. That was on the back of no less than three positive analyst notes, which greatly improved sentiment on the company. Its rise easily ...

AI infrastructure providers are partnering with tech giants and cloud leaders as AI projects secure the power and hardware they need.

Crypto miners have been turning themselves into AI data centers that can secure big deals with tech giants like Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Meta Platforms (NASDAQ: META). IREN (NASDAQ: IREN) is one of the best-positioned crypto miners to capitalize on the AI boom.

Whales with a lot of money to spend have taken a noticeably bullish stance on IREN. Looking at options history for IREN (NASDAQ:IREN) we detected 81 trades. If we consider the specifics of each trade, it is accurate to state that 49% of the investors ...