IREN Shares Rally After Bitcoin Rebound and $4.4 Billion AI Data Center Move
IREN Limited clawed back some ground Monday, with shares up to $59.19 near the market close. Investors came in after a rough week for crypto and AI infrastructure stocks. IREN picked up $4.84 compared to Friday, and trading topped 40 million shares. IREN doesn't just trade as a bitcoin miner now. The company is pushing into AI cloud, renting out computing from its power and data-center facilities to customers handling AI tasks. The stock now sits between two sectors—bitcoin and AI infrastructure, both known for wild moves.