U.S. equities opened August with a broad-based relief rally Monday as crude oil tumbled and Treasury yields retreated from 18-month highs, after President Donald Trump called off a planned military strike on Iran over the weekend and said negotiations would resume.West Texas Intermediate crude sank…
Shares of six companies at the center of bitcoin miners’ push into AI data centers surged Thursday amid reports that Leopold Aschenbrenner’s Situational Awareness — an investor in all six as of March 31 — had liquidated its public-stock portfolio.As of about midday, IREN (IREN) led the gains, risin…
IREN Ltd.’s shares rose 5% in Monday’s overnight session, extending their sharp gains after the neocloud company raised its annual forecast on the back of new cloud orders.Still, Goldman Sachs reiterated its ‘Neutral’ rating and a $50 price target on the company’s shares, although the firm praised…
Shares of several Bitcoin mining companies surged Monday after Hut 8 and IREN announced major AI infrastructure deals, reinforcing investor optimism around miners expanding into artificial intelligence and high-performance computing.IREN, Cipher Digital, CleanSpark, Hut 8 and MARA Holdings each gai…
IREN NASDAQ:IREN, a data center operator that rents GPU computing capacity to AI developers, rose 9.31% intraday after announcing $2.8 billion in new multi-year cloud services contracts and raising its year-end 2026 AI Cloud annualized run-rate revenue target to more than $4 billion, up from $3.7 b…
Shares of Hut 8 (HUT) and IREN (IREN) both climbed double digits on Monday after the bitcoin (BTC) miners announced fresh AI infrastructure deals worth billions, extending the sector's pivot from crypto mining toward data center leasing.Hut 8 fully commercializes Beacon PointHut 8 signed a second 1…
IREN announced new multi-year cloud services contracts totaling $2.8 billion in contract value and raised its year-end AI Cloud annualized run-rate revenue (ARR) target from $3.7 billion to more than $4 billion. The company said approximately 85% of the ARR target is now under contract and reported…
Shares of IREN NASDAQ:IREN climbed more than 13% on Monday after Freedom Broker raised its rating on the artificial intelligence cloud infrastructure company to Buy from Hold, arguing that the recent share-price decline created a more attractive entry point.IREN NASDAQ:IREN had dropped roughly 28…
Shares of IREN (IREN) received an upgrade on Monday as it extended its overnight rally, following a media report that suggested the company is poised to land a significant data center contract in Australia.At the time of writing, IREN stock was up more than 13%, on track to snap a nine-day losing s…
