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Iren is transitioning away from Bitcoin mining to AI cloud services. The company is expanding its workforce and saw AI cloud services revenue rise from $16.4 million in 2025 to $128.8 million in 2026.
A former Bitcoin miner now holds billions in contracted AI cloud revenue and a direct NVIDIA investment commitment, but the path to capturing that upside runs through one of the most ambitious infrastructure buildouts in the sector's history.
Two AI infrastructure companies just reported earnings with the same tailwind behind them and completely opposite strategies in front of them, and only one of those playbooks survives a construction delay or a GPU slip.
On September 08, 2026, IREN Ltd (IREN) shares rose 5.0%, bringing the current price to $46.93. The stock has experienced notable price performance over the past
IREN Limited (IREN) rose 6.33% intraday after saying its 2GW Sweetwater Hub in Texas had been conditionally included in ERCOT's Batch Zero process as Base Load.
Texas just handed IREN a rare grid milestone that its CEO calls the scarcest input in the entire AI buildout, and the stock moved fast. Here is what the Sweetwater approval actually means for the race to lock up power before rivals do.
AI infrastructure, data-center power and memory stocks fueled big gains in leveraged ETFs last week, with IREN, Bloom Energy, Eos Energy and SanDisk leading the charge.
The AI infrastructure space features many companies that are growing at a dramatic clip. However, growth alone is often not enough to satisfy many investors.