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IREN Ltd (IREN) Is A Stock That Can Skyrocket On The New Cloud Boom
Insider Monkey61d agoneutral
IREN Ltd (IREN) Is A Stock That Can Skyrocket On The New Cloud Boom

IREN Ltd (NASDAQ:IREN) is one of the 10 Stocks That Can Still Skyrocket On The Neo Cloud Boom. On June 3, IREN Ltd (NASDAQ:IREN) reported that it had signed a transmission connection agreement for an 800 megawatt data center in South Australia. This is the company’s first data center in Australia and shows how the […]

Is IREN (IREN) Quietly Rewriting Its AI Infrastructure Story With Microsoft-Backed GPU Financing?
Simply Wall St.62d agoneutral
Is IREN (IREN) Quietly Rewriting Its AI Infrastructure Story With Microsoft-Backed GPU Financing?

In early June 2026, IREN Limited closed a US$3.65 billion investment-grade GPU financing facility linked to its Microsoft AI cloud contract and advanced plans for an 800MW, transmission-ready data center campus in Bundey, South Australia, while also engaging BE Networks and NVIDIA DSX Air to test its upcoming Blackwell Ultra GPU deployment via a digital twin. Taken together, these moves highlight how IREN is trying to reposition itself from a Bitcoin miner into a large-scale AI...

IREN Secures $3.65B GPU Financing Facility for Microsoft AI Cloud Expansion
Insider Monkey63d agoneutral
IREN Secures $3.65B GPU Financing Facility for Microsoft AI Cloud Expansion

IREN Limited (NASDAQ:IREN) is one of the best young stocks with the highest upside potential. On June 1, IREN announced that it has closed a $3.65 billion investment-grade GPU financing facility to support the delivery of its AI cloud contract with Microsoft. The financing is designed to fund large-scale GPU capital expenditures tied to the […]

IREN Limited (IREN) Signs $1.6B Agreement With Dell (DELL) for Blackwell AI Systems
Insider Monkey65d agoneutral
IREN Limited (IREN) Signs $1.6B Agreement With Dell (DELL) for Blackwell AI Systems

IREN Limited (NASDAQ:IREN) is one of the best IPO stocks to buy and hold for 2 years. On May 26, IREN Limited announced a purchase agreement with Dell to acquire air-cooled Blackwell systems to support its previously disclosed five-year, $3.4 billion managed services AI cloud contract. The deployment, which represents a $1.6 billion investment including […]

IREN’s 5.8 GW Buildout And Nvidia Deal Reframe AI Growth Story
Simply Wall St.65d agoneutral
IREN’s 5.8 GW Buildout And Nvidia Deal Reframe AI Growth Story

IREN (NasdaqGS:IREN) has expanded its global data center development pipeline to 5.8 GW, signaling a much larger buildout of high-performance computing sites. The company has entered a multi year, $3.4b partnership with Nvidia to supply AI infrastructure, adding a major new customer relationship alongside its existing work with Microsoft. These moves indicate a deeper push into AI cloud infrastructure and a broader geographic footprint for IREN’s computing assets. IREN’s share price sits at...

Iren Ltd (IREN) Announces Its First Australian Data Center. It’s a Big Deal
Insider Monkey66d agoneutral
Iren Ltd (IREN) Announces Its First Australian Data Center. It’s a Big Deal

Iren Ltd (NASDAQ:IREN) is one of the best data center stocks to invest in according to billionaires. Iren Ltd (NASDAQ:IREN) shares have gained around 45% year-to-date and surged 590% over the past 12 months. Iren Ltd (NASDAQ:IREN) continues to expand its data center capacity as it looks to capitalize on the booming AI-driven demand. On […]

Iren Ltd (IREN): Crypto Mining Giving Way to AI Data Centers
Insider Monkey66d agoneutral
Iren Ltd (IREN): Crypto Mining Giving Way to AI Data Centers

Iren Ltd (NASDAQ:IREN) is one of the most profitable cryptocurrency stocks to buy now. The stock is up roughly 45% year-to-date, and it has exploded more than 590% over the past year. Analysts continue to see upside potential in IREN shares. On June 4, B.Riley raised its price target on Iren Ltd (NASDAQ:IREN) shares to […]

AI Infrastructure Scorecard: Which of These 3 Stocks Is Delivering on Triple-Digit Growth Promises
24/7 Wall St.66d agoneutral
AI Infrastructure Scorecard: Which of These 3 Stocks Is Delivering on Triple-Digit Growth Promises

Almost six months ago, our December 2025 piece Analysts See Triple-Digit Revenue Growth in 2026 for These 3 AI Infrastructure Stocks argued that three names sat in the sweet spot of the AI buildout: Nebius (NASDAQ: NBIS) with an annual recurring revenue (ARR) ramp implying up to roughly 1,600% growth, IREN (NASDAQ: IREN) targeting over ... AI Infrastructure Scorecard: Which of These 3 Stocks Is Delivering on Triple-Digit Growth Promises

Assessing IREN (NasdaqGS:IREN) Valuation After Recent Share Price Volatility
Simply Wall St.68d agoneutral
Assessing IREN (NasdaqGS:IREN) Valuation After Recent Share Price Volatility

IREN (NasdaqGS:IREN) has drawn investor attention after recent share moves, including a rise of 8.9% in the latest session and a gain of more than 50% over the past 3 months. See our latest analysis for IREN. That jump in the latest session comes after a mixed few weeks, with the share price return down 9.4% over 7 days and 3.3% over 30 days, yet still up 55.3% over 3 months and 38.6% year to date. This sits alongside a very large 1 year total shareholder return that suggests strong momentum...

Why Dell Technologies (DELL) Is Down 14.0% After AI Server Surge And New Supercomputer Deals - And What's Next
Simply Wall St.68d agobullish
Why Dell Technologies (DELL) Is Down 14.0% After AI Server Surge And New Supercomputer Deals - And What's Next

Dell Technologies recently reported first-quarter fiscal 2027 results showing revenue of US$43.84 billion and net income of US$3.44 billion, while also collaborating with AMD and the University of Cambridge on the Zenith and Sunrise AI supercomputers for UK scientific research and fusion energy work. Together with a new US$1.60 billion Blackwell systems purchase agreement from IREN Limited and a sharply higher full-year outlook for AI-optimized server revenue, these developments highlight...

IREN's 800MW Bet Flips the AI Power Switch
MarketBeat70d agoneutral
IREN's 800MW Bet Flips the AI Power Switch

IREN Limited is pivoting from Bitcoin mining to AI infrastructure, securing an 800MW data center campus in Australia and a $3.65 billion Microsoft-backed financing facility.

IREN’s 800MW Australia Campus Deepens AI Infrastructure And Risk Debate
Simply Wall St.73d agoneutral
IREN’s 800MW Australia Campus Deepens AI Infrastructure And Risk Debate

NasdaqGS:IREN has announced plans for an 800MW data center campus in Australia, one of the largest projects disclosed in the Asia Pacific region. The campus is supported by a newly signed transmission connection agreement that provides a scalable high voltage grid link, renewable energy access, and international fiber connectivity. This is IREN's first publicly announced project in Australia and marks a move beyond its existing North American footprint. For investors watching NasdaqGS:IREN,...

GameStop earnings show record profit, IREN inks data center deal
Yahoo Finance Video73d agoneutralVIDEO
GameStop earnings show record profit, IREN inks data center deal

Yahoo Finance's Julie Hyman takes a closer look at two of Wednesday's trending stories. GameStop (GME) reported first quarter earnings, posting its highest profit ever and growing revenue. IREN (IREN) stock is in focus after the company signed a deal to support an artificial intelligence (AI) data center campus in Australia.