Reported 2 days ago
IREN Limited, a former Bitcoin miner that has transitioned into providing AI cloud services, saw its stock price soar by 77.2% in September. This surge was fueled by increased demand for AI computing power, particularly after major contracts were announced by OpenAI and Oracle. IREN doubled its GPU fleet and raised its revenue projections for its AI cloud division significantly, showcasing its potential growth amidst a booming AI market.
Source: YAHOO