IREN Limited stock nudges higher after H.C. Wainwright upgrade as bitcoin firms
IREN Limited shares rose 1% to $50.82 midday Tuesday after H.C. Wainwright upgraded the stock to “buy” with an $80 target. The move followed a $9.7 billion AI cloud deal with Microsoft, though Reuters reported the contract could be canceled if deadlines are missed. Bitcoin climbed 1.5% to $93,434, boosting mining stocks. IREN’s next earnings report is expected Feb. 11, according to MarketBeat.