IREN (IREN) shares rose more than 4% in pre-market trading on Wednesday after the company announced plans for an 800-megawatt data center …
IREN
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Mining
Iren closes $3.65B GPU-backed financing to fuel AI data center expansion under Microsoft deal
by shayaanby shayaanNasdaq-listed Bitcoin miner Iren Limited, formerly known as Iris Energy, has finalized a $3.65 billion financing round structured around its GPU assets, …
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Finance
IREN shares jumps on $1.6 billion Dell deal to expand AI cloud business
by shayaanby shayaanIREN shares rose 4% in pre-market trading after the company entered a $1.6 billion purchase agreement with Dell Technologies for air-cooled Blackwell …
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Markets
IREN co-founder says AI’s biggest bottleneck is infrastructure, not chips
by shayaanby shayaanDan Roberts outlines IREN’s strategy to build a vertically integrated AI platform spanning power, data centers, GPUs and enterprise software. www.coindesk.com
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Smart Contracts
Bitcoin Miner IREN Closes $3 Billion Convertible Notes Offering to Fuel AI Transformation
by shayaanby shayaanIn short IREN Limited closed a $3 billion convertible senior notes offering to finance AI infrastructure expansion. Net proceeds were $2.96 billion, …
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Mining
IREN closes $3 billion convertible notes deal amid AI infrastructure expansion
by shayaanby shayaanBitcoin miner and AI infrastructure company IREN (IREN) has completed a $3 billion convertible senior notes offering. The capital raise marks one …
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Scams
Bitcoin Miner IREN Secures $3.4 Billion Nvidia AI Deal, With $2.1 Billion Share Option
by shayaanby shayaanIn brief Nvidia and IREN Limited announced a $3.4 billion cloud services deal, with plans to deploy up to 5 gigawatts of …
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Mining
IREN revenue falls 22% to $145 million as bitcoin miner leans harder into AI
by shayaanby shayaanIREN Limited (NASDAQ: IREN) has announced revenue fell to $144.8 million in the quarter ended March 31, 2026, down from $184.7 million …
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Mining
IREN Price Target Cut as Bernstein Sees Firm Dumping Bitcoin Mining for AI
by shayaanby shayaanIn brief Bernstein cut IREN’s price target from $125 to $100 amid Bitcoin mining scale-down and share dilution, while keeping an Outperform …
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Mining
Bernstein sees IREN pivoting from Bitcoin mining to $3.7B AI cloud business
by shayaanby shayaanIREN could become the next major Bitcoin miner to transition into AI infrastructure following its multi-billion-dollar deal with Microsoft, underscoring a broader …