Reported 1 day ago
IREN Ltd. experienced a significant 12.60% increase in its share price, closing at $62.90, fueled by renewed investor interest in AI stocks following Oracle's announcement of a $38 billion expansion. This optimism for sustainable AI infrastructure demand coincides with IREN's upcoming earnings report for Q1 2026 and its strategic shift from Bitcoin mining to AI servicing, supported by the deployment of thousands of Nvidia GPUs aimed at generating substantial recurring revenues.
Source: YAHOO