Hut 8, IREN deals lift AI-focused Bitcoin mining stocks
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...
Tag : IREN
IREN jumps 16% after raising AI cloud revenue target above $4B
The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers....
Bitcoin Miner IREN Closes $3 Billion Convertible Notes Offering to Fuel AI Transformation
In brief IREN Limited closed a $3 billion convertible senior notes offering to fund AI infrastructure expansion. Net proceeds totaled $2.96 billion, with $201.3 million...
IREN Nvidia deal signals $3.4B AI pivot
IREN has signed a $3.4 billion IREN Nvidia deal to deploy up to 5 gigawatts of AI infrastructure over five years. Summary IREN will provide...
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
In brief Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of AI infrastructure using...
IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
In brief Bernstein cut IREN’s price target from $125 to $100 amid Bitcoin mining scale-down and share dilution, while keeping an Outperform rating. IREN is...
Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business
IREN could become the next major Bitcoin miner to transition into AI infrastructure following its multi-billion-dollar deal with Microsoft, underscoring a broader shift in mining...