IREN Limited (IREN) extended its rally this week as investors increasingly price in the company’s accelerating shift from Bitcoin (BTC) mining toward higher-margin ‘AI infrastructure’ and cloud services, a pivot that is reshaping how the market values the once miner-centric operator.
Shares of IREN closed at $59.96, up 3.18% on the day, and edged to $60.03 in after-hours trading. The move caps a period of heightened attention around the company’s expanding GPU hosting footprint and a long-term partnership model built to capture surging demand for AI training and high-performance computing… Read more
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