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MIL:IREN 21 October 2025

IREN’s 500% Rally: How a Bitcoin Miner Became an AI Cloud Juggernaut

IREN Stock Skyrockets 500% on AI Cloud Pivot — Bitcoin Miner’s Meteoric Rally Stuns Market

IREN shares surged from under $10 in January to over $74 on Oct. 14, before retreating to $53.80 midday Oct. 21. The company reported its first annual profit with FY2025 net income of $86.9 million on $501 million revenue. In September, IREN ordered $674 million in GPUs and signed multi-year AI cloud contracts. On Oct. 21, IREN priced $875 million in convertible notes for expansion.
21 October 2025
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Stock Market Today

  • Oregon Treasurer Flags Pension Risks in SpaceX $75B IPO Amid Nasdaq Rule Changes
    June 11, 2026, 8:41 PM EDT. Oregon State Treasurer Elizabeth Steiner and counterparts from Illinois and Maryland have raised concerns over Nasdaq's new "fast-entry" listing rule ahead of SpaceX's planned June 12 IPO. The rule allows companies to join the Nasdaq-100 index after just 15 trading days, potentially increasing market volatility and posing risks to public employee pensions and passive index funds. The officials, representing over 1.5 million pension beneficiaries, urge Nasdaq to justify these rule changes as SpaceX's IPO-valued at $75 billion and the largest in U.S. history-loom. SpaceX's combined assets, including Starlink and xAI, reach an estimated $1.75 trillion. Nasdaq says these methodology updates reflect evolving market dynamics and followed public consultation.

Latest articles

AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip

Dow up 930 points after hours as tech lifts Nasdaq

12 June 2026
Dow soars 929.97 points for its strongest session in months as easing geopolitical risk and a rebound in tech drive ETFs higher after hours; chip stocks surge with the PHLX Semiconductor Index up 7.9%, while Adobe drops 5.44% after CFO exit despite raised forecasts.
Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

Keel Infrastructure (KEEL) shares surge after $458 million AI data center deal closes

12 June 2026
Keel Infrastructure Corp. surged 5.14% to $5.52 after closing $458 million in 1.250% convertible senior notes due 2032, with proceeds aimed at accelerating AI and high-performance computing data center projects; the notes’ initial conversion price is $7.41, about 25% above the June 4 close, while analysts’ 12-month price targets range from $3.00 to $8.00, averaging $5.52.
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