IREN Stock Rises as Bitcoin Climbs and AI Outlook Improves

IREN stock rose about 3% in Monday premarket trading as Bitcoin climbed and crypto-linked stocks moved higher. Northland Capital initiated IREN with an Outperform rating and a $99 price target, while JPMorgan upgraded IREN to Overweight and raised its target to $65. Investors increasingly value IREN as both a Bitcoin miner and an AI play.