Today: 1 July 2026
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LSE:IREN 12 January 2026 - 24 June 2026

IREN stock falls as Wall Street stays split on AI cloud payoff

IREN stock falls as Wall Street stays split on AI cloud payoff

IREN Limited slipped almost 4% Tuesday. The bigger story for investors is the wide range of Wall Street price targets as the company trades less as a bitcoin miner and more like an AI data-center play loaded with debt. IREN closed at $54.72, down 28.8% from its 52-week high at $76.87 but still trading close to five times above its 52-week low of $10.92. Shares moved in a $4.79 range during regular hours, about 8.8% of the last price. Market cap is listed at $19.56 billion.
24 June 2026
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IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Stock Jumps After $625 Million Mirantis Deal Deepens AI Cloud Push

IREN Ltd plans to acquire Mirantis Inc in an all-share transaction pegged at roughly $625 million, a move that folds cloud software and enterprise support into the ex-bitcoin miner’s expanding AI infrastructure push. Mirantis specializes in cloud platforms and Kubernetes orchestration—software for managing and deploying apps at scale. This deal’s significance is tied to IREN’s push beyond just power and data center ownership—they want a bigger slice of the AI technology stack for clients needing compute muscle. Just days earlier, IREN announced it had energized the 1.4 gigawatt Sweetwater 1 data-center in Texas. That marks a key grid hookup on the way to a planned 2 gigawatt campus.
6 May 2026
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Why IREN Stock Jumped 10% After Sweetwater 1 Hit the Texas Grid

Why IREN Stock Jumped 10% After Sweetwater 1 Hit the Texas Grid

Shares of IREN Ltd surged over 10% Monday, after the AI cloud and data-center player announced its Sweetwater 1 facility in Texas hit a major power milestone. The stock last traded at $50.37, up $4.71, following an intraday high of $51.24. Shares jumped after IREN revealed it had brought its 1.4-gigawatt Sweetwater 1 data center online. With the high-voltage substation now linked to the Electric Reliability Council of Texas, or ERCOT—the state’s primary grid operator—the project has cleared a key milestone ahead of scaling up power and computing.
4 May 2026
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Stock Market Today

  • Jefferies Starts MCX at Buy, Sees Shares Climbing 27% From Here
    July 1, 2026, 2:28 AM EDT. Jefferies kicked off coverage on Multi Commodity Exchange of India Ltd (MCX) with a Buy rating and set a price target at Rs 3,600-27% above the current Rs 2,841. MCX, though just a fifth the size of NSE by individual equity derivative traders, almost monopolizes non-agri commodity contracts. Jefferies projects a 20% CAGR in revenue to Rs 400 billion by FY29 and expects 22% annual EPS growth, with margins hitting 73%. The firm points to more retail activity and new mini contracts ahead for India's commodity derivatives market, where MCX already dominates. Shares trade at 46x FY27 P/E, below both U.S. and Asian comparables, so Jefferies sees the stock as undervalued for its growth.
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