Reported about 20 hours ago
IREN Ltd. (NASDAQ: IREN) surged by 23.56% week-on-week, achieving a new all-time high as investors reacted positively to its impressive earnings and designation as a preferred partner by Nvidia Corp. The company's earnings report revealed a significant turnaround to profitability with $86.9 million and a revenue increase of 167.6% to $501 million, largely driven by Bitcoin mining and AI cloud services. The company also expanded its GPU fleet significantly, positioning itself for continued growth in the tech sector.
Source: YAHOO