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Bitcoin miner turns AI cloud contender
Yahoo Finance· 2025-11-04 22:33
IREN Limited, an Australian company once best known for its Bitcoin mining operations, is now emerging as a rising player in the AI compute infrastructure sector. On Monday, November 3, the company's stock surged 9% in early trading, extending an extraordinary rally that has seen the stock gain more than 630% over the past year. The momentum reflects growing investor confidence in Iren’s transformation into a renewable-powered AI cloud and data center operator. Iren's stock has soared 590% year-to-dateI ...