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IREN Ltd (IREN) Ends 7-Day Losing Streak as Firm Hikes ARR Target to $4B
Insider Monkey31d agoneutral
IREN Ltd (IREN) Ends 7-Day Losing Streak as Firm Hikes ARR Target to $4B

IREN Ltd. snapped a seven-day losing streak on Monday, surging as much as 21 percent in intra-day trading to $40.77, as investors drew excitement from its higher annualized run-rate revenue (ARR) target of $4 billion. Initially targeted at $3.7 billion, IREN Ltd. (NASDAQ:IREN) said that the increase followed the bagging of $2.8 billion worth of […]