• IREN Ltd is trading 2.7% up at $60.78 today, bolstered by a recent VanEck report emphasizing the company's valuation upside driven by significant AI contracts, including a $9.7 billion multi-year Microsoft GPU cloud contract and a $2.1 billion Nvidia investment for AI infrastructure.
  • The positive sentiment is further supported by the company's recent completion of the Nostrum Group acquisition, expanding IREN's AI cloud platform into Europe.
  • Overall market interest in Bitcoin miners and AI-infrastructure plays continues to contribute to the stock's performance.