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.

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Coinbase CEO Clarifies Personal Stance: Social Media Content Is Not Investment Advice, Base Ecosystem Prioritizes Long-Term Value

Coinbase CEO Brian Armstrong addressed recent community discussions sparked by his social media activity. He clarified that his personal account content is for sharing interests only, not investment advice or project endorsements. Coinbase remains focused on projects that create long-term user value, aiming to establish clearer communication expectations.

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