🟢 IREN is trading 9.8% up today after $1.6B Dell GPU deal to expand AI infrastructure

IREN is trading 9.8% up today at $65.64 after announcing a $1.6 billion GPU purchase agreement with Dell to expand its AI cloud infrastructure.

• The deal reinforces the company's strategic re-rating as an AI infrastructure play rather than a traditional cryptocurrency miner.
• Shares are significantly outperforming the broader market and major digital assets, as the stock gains momentum despite modest declines in Bitcoin and Ethereum.