🚀 IREN Stock Soars 9% – AI Contracts, GPUs, and Power Galore! 🤑

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Markets 🌍✨

What to know: 🤔

  • IREN 🚀 jumped 9% to $63 (because, you know, money loves a good GPU party 🎉) after signing multi-year AI cloud contracts tied to NVIDIA Blackwell GPUs. That’s $225 million in annualized run-rate revenue, folks! 💸
  • They’re expanding faster than a universe in a Douglas Adams novel, with sites in British Columbia and Texas capable of hosting over 100,000 GPUs. That’s powered by 2,910 MW of secured power – enough to light up a small galaxy. 🌌⚡

IREN shares are rallying like a Vogon at an open mic night, thanks to new AI cloud contracts with leading companies for NVIDIA Blackwell GPU deployments. 🎙️🤖

They’re on track to hit $500 million in annualized run-rate revenue by Q1 2026, with 23,000 GPUs in operation or on order. Contracts for 11,000 GPUs are already signed, bringing in $225 million by the end of 2025. That’s more commitments than a hitchhiker with a towel. 🧣

With two-year contracts and revenue payback periods, IREN is scaling across British Columbia and Texas data centers, ready to host over 100,000 GPUs. That’s 2,910 MW of power – enough to make even Zaphod Beeblebrox say, “Impressive.” 👍✨

Co-Founder Daniel Roberts said, “Our ability to transition from ASICs to GPUs faster than you can say ‘42’ shows how IREN is uniquely positioned to meet AI compute demand.” 🧠💡

Miners Continue Their Cosmic Surge 🚀🌕

The AI and HPC rally is still going strong, with Bitfarms (BITF) up 12% (after a 15% Monday gain) and Hive Digital (HIVE) climbing another 10% (following a 25% surge). It’s like everyone’s found the ultimate answer to the stock market’s ultimate question. 📈🔍

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2025-10-07 17:34