IREN Stock Up Nearly 900% Over 6 Months, Rises 8% Before The Bell: What’s Driving The Surge?
Posted On October 7, 2025
Shares of IREN Ltd (NASDAQ:IREN) climbed 8% in pre-market trading on Tuesday, as the data center operator announced multi-year agreements with major artificial intelligence companies deploying NVIDIA Corp.’s (NASDAQ:NVDA) Blackwell GPUs.
AI Pivot, Cloud Service Deals Drive Stock Surge
IREN on Tuesday said its expanding AI Cloud division remains on track to surpass $500 million in annualized recurring revenue from a combined fleet of 23,000 GPUs that are either active or scheduled to come online by the first quarter of 2026.
Shares in the company are up nearly 900% over the last six months, touching an all-time high of $58.28 on Monday. The recent momentum in shares is being fueled by investor optimism about IREN’s strategic move from a Bitcoin (CRYPTO: BTC) miner to …
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