IREN Shares Rise 5.26% Premarket to $37.04 on Oct. 12
Photo: TokenPost
IREN shares rose 5.26% to $37.04 in premarket trading Monday as the data-center operator continued shifting capacity from Bitcoin mining toward artificial-intelligence workloads. IREN traded $1.85 above its prior close of $35.19 at 5:30 a.m. ET (9:30 UTC) on Oct. 12. The company has not publicly identified the customer tied to its recently disclosed AI Cloud contract. IREN disclosed in August that it had signed a multiyear AI Cloud contract with a “leading frontier AI lab,” without naming the customer or providing terms. Its fiscal 2026 filing said the contract was entered into in August.
Source: TokenPost
