🟢 IREN is trading 5% up today on $3.4B NVIDIA AI Cloud contract

IREN is trading at $59.83 (+5.24%) following its Q3 2026 earnings report, which highlighted a landmark $3.4B 5-year AI Cloud contract with NVIDIA.

• The massive AI deal offsets a revenue decline to $144.8M and a $247.8M net loss as the company pivots its core business model away from Bitcoin mining.
• Shares are significantly outperforming the broader market (NASDAQ +0.90%) and decoupling from declining crypto prices (BTC -0.57%), signaling strong investor confidence in the company's AI infrastructure shift.