Bitcoin Miner IREN Stock Soars 15%+ on Raised $4 Billion AI Cloud Revenue Target
Bitcoin mining firm IREN's stock surged approximately 15.7% on Monday following a significant upward revision of its AI cloud business revenue target. The company now forecasts its annualized AI cloud revenue run-rate to exceed $4 billion by year-end. This ambitious new target, far surpassing prior expectations, highlights its strategic pivot into high-growth AI infrastructure and prompted a major market re-rating.
Read More