IREN is trading 4.8% up at $45.06 in pre-market, driven by reports that it is nearing a $15 billion cloud computing contract with Anthropic for AI data center capacity.
- This significant development overshadows previous analyst upgrades and broad AI optimism, as a final decision on the long-term contract is expected within six weeks.
- The positive momentum follows an 8.01% gain on July 8, further extending the stock's recent rebound.