IREN shares rallied by 9% due to securing contracts for NVIDIA Blackwell GPUs, projecting over 500 million USD in annual revenue by Q1 2026. With contracts signed for 11,000 GPUs, the expected revenue is 225 million USD by the end of 2025.
The rise in AI and HPC sectors continued, with Bitfarms up 12% and Hive Digital climbing 10% after previous gains. IREN’s capacity to rapidly scale GPU operations positions it well in a growing market.
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