IREN shares surge 11% ahead of market opening as Bitcoin mining company expands AI cloud fleet

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IREN shares rose 11% in pre-market, reaching 43 USD after announcing an expansion in AI Cloud capabilities.

They invested 674 million USD in advanced setups comprising various NVIDIA and AMD GPUs, enhancing the fleet’s strength.

Co-CEO Daniel Roberts stated that IREN aims to quickly scale up operations to meet increasing global compute demand.

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