AICointelegraphabout 14 hours ago
IREN jumps 16% on $4B AI cloud target
1 min read
Bitcoin miner IREN shares rose 15.7% after raising its year-end AI cloud annualized run-rate revenue target above $4 billion, backed by $2.8 billion in new multi-year contracts with AI developers including Microsoft, Nvidia, Perplexity, and Figure AI. About 85% of the revised target is under contract.
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