Bitcoin
IREN Stock Jumps as $2.8 Billion AI Deals Drive Revenue Outlook Boost
TokenPost·August 9, 2026·1 min read
IREN shares jumped 8.7% to $41.23 after disclosing multi-year AI developer agreements worth $2.8 billion. Management lifted its 2026 annual revenue target to over $4.0 billion, up from $3.7 billion. The pivot from Bitcoin mining to AI infrastructure and cloud software drove investor enthusiasm.
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