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IREN Q3 Earnings Call Highlights
MarketBeat97d agoneutral
IREN Q3 Earnings Call Highlights

IREN (NASDAQ:IREN) used its fiscal third-quarter earnings call to highlight a rapid expansion in AI data center capacity, a new long-term customer agreement with NVIDIA, and continued progress in shifting its business mix away from Bitcoin mining and toward AI Cloud services. Strategic focus: conve

NVIDIA Expands AI Infrastructure From Utility Scale Builds To Homes
Simply Wall St.97d agoneutral
NVIDIA Expands AI Infrastructure From Utility Scale Builds To Homes

NVIDIA (NasdaqGS:NVDA) and IREN Limited agreed to deploy up to 5 gigawatts of next generation AI infrastructure. NVIDIA also partnered with Span and PulteGroup to create distributed fractional data centers that use residential grid capacity for AI workloads. These partnerships expand NVIDIA's reach across large scale facilities and more distributed, community level compute nodes. NVIDIA, traded on NasdaqGS:NVDA, is a central supplier of GPUs and software that power many AI data centers and...

New Nvidia deal pumps crypto stock
TheStreet97d agoneutral
New Nvidia deal pumps crypto stock

IREN Limited (NASDAQ: IREN) shares jumped 27% to $72.28 during after-hours trading on May 7, The move came after the company closed the prior session down 6.77% at $56.85. At press time, the stock had pulled back slightly to $69.45, still up 21.55%. The catalyst was a new strategic ...

A Look At IREN (NasdaqGS:IREN) Valuation After The NVIDIA AI Infrastructure Partnership Announcement
Simply Wall St.97d agobullish
A Look At IREN (NasdaqGS:IREN) Valuation After The NVIDIA AI Infrastructure Partnership Announcement

IREN (NasdaqGS:IREN) has become a focus stock after unveiling a partnership with NVIDIA to support up to 5 gigawatts of AI infrastructure, together with a potential US$2.1b equity investment via warrants. See our latest analysis for IREN. The share price has been volatile, with a 1-day share price return of a 6.77% decline contrasting with a 7-day gain of 24.92% and a 30-day jump of 59.07%. The 1-year total shareholder return is very large at over 7x, suggesting momentum has been building as...

Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal
Reuters97d agoneutral
Nvidia to invest up to $2.1 billion in IREN as part of AI data center deal

Nvidia will invest up to $2.1 billion in data center operator IREN, as part ‌of a broader deal to deploy up to ‌5 gigawatts of infrastructure to keep up with soaring artificial intelligence ​demand. The tie-up, announced on Thursday, underscores the hunger for computing power amid surging adoption of AI, as frontier model developers and Big Tech firms funnel billions to secure ‌capacity. • Shares of ⁠IREN were up around 9% in extended trading.

Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next
24/7 Wall St.97d agoneutral
Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next

IREN (NASDAQ: IREN) reports fiscal Q3 results after the close today. The numbers should look strong, but the real story sits behind them: a Microsoft contract ramp, a freshly energized Sweetwater campus, and a just-announced acquisition that reshapes the business. From Mining Roots to a Full-Stack AI Neocloud Last quarter’s $184.7M revenue report missed the ... Don’t Focus Too Heavily on IREN’s Q3 Today — Look at What Comes Next

IREN Shifts Toward AI Infrastructure With Mirantis Deal And Sweetwater 1
Simply Wall St.99d agoneutral
IREN Shifts Toward AI Infrastructure With Mirantis Deal And Sweetwater 1

IREN (NasdaqGS:IREN) has agreed to acquire Mirantis, adding AI cloud and Kubernetes management capabilities to its platform. The company has energized its Sweetwater 1 data center in Texas, providing grid-connected capacity for AI and cloud workloads. These moves mark a further pivot from a pure Bitcoin mining focus toward broader AI infrastructure services. IREN, trading at $54.74, has drawn strong attention from investors, with the stock up 23.2% over the past week and 57.4% over the past...

IREN Ltd. (IREN) Soars Ahead of Earnings on AI Optimism
Insider Monkey100d agobullish
IREN Ltd. (IREN) Soars Ahead of Earnings on AI Optimism

IREN Ltd. (NASDAQ:IREN) is one of the 10 Stocks Exploding in a Bleeding Market. IREN extended its winning streak to a third straight day on Monday, jumping 8.37 percent to finish at $49.48 apiece, as investors resumed buying positions ahead of the results of its earnings performance. In a notice to investors, IREN Ltd. (NASDAQ:IREN) […]

Is It Too Late To Buy RIOT Stock?
Trefis101d agobullish
Is It Too Late To Buy RIOT Stock?

While RIOT Platforms (RIOT) recently surged 36% in a single month to trade at $18, propelled in part by Bitcoin’s (BTC) spot price recovery toward the $80,000 level, many investors viewing the stock's elevated trailing multiple conclude the breakout is exhausted. This perspective ignores the structural transition underneath the hood. At current levels, the stock commands a Price-to-Sales (P/S) ratio of 10.0x, representing a premium to its 8.3x three-year historical average. (See RIOT valuation m