Iren Limited Stock News

Shares of debt-heavy AI firms tumbled on Wednesday as prospects of higher interest rates intensified concerns over the ​financing of the industry's massive buildout.

Anthropic reportedly signed a cloud services deal with IREN as it accelerates its data center buildouts. IREN stock surges.

Anthropic may well be the unnamed frontier AI lab that IREN said it had signed a cloud contract with when it reported fourth-quarter earnings.

IREN Ltd. shares jumped 5% during premarket trading on Monday after a report identified Anthropic as the mystery artificial intelligence cloud customer the company had alluded to during its earnings call in August. The Information published an analysis of the economics of Anthropic's data centre leases, detailing how the AI company is pressing its cloud partners to accelerate the construction o...

IREN stock has remained under pressure this month as investors have remained cautious of neocloud companies. It dropped to $38.70 on Wednesday, down modestly from the September high of $49.60 and by 50% from its all-time high.

It cost bitcoin miners an average of about $75,500 in cash to produce one coin in the second quarter. Meanwhile, bitcoin itself ended June at $58,400, less than half its October 2025 record high.

Top neocloud companies have dropped sharply this year, even as their revenue growth continues. CoreWeave, the pioneer of the industry, slipped to $87, down sharply from its all-time high of $186.

Iren stock is double upgraded and J.P. Morgan sees 48% with business momentum continuing for the burgeoning neocloud company.