Shares of IREN ($IREN) climbed on Tuesday ET after the Australia-based AI infrastructure firm disclosed a large, Microsoft-linked GPU financing arrangement and outlined accelerated buildout plans tied to next-generation Nvidia hardware—another sign that capital markets are increasingly rewarding companies positioned as ‘AI compute’ suppliers rather than pure-play Bitcoin miners.
IREN closed up 5.4% at $59.77 and rose to about $60.36 in after-hours trading. The stock is up roughly 58% year-to-date, underscoring both the momentum behind the AI infrastructure trade and the heightened volatility… Read more
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