Iren

Hut 8 and IREN led a sharp Monday rebound in bitcoin mining stocks after announcing major AI infrastructure contracts. The deals helped ease investor concerns that demand for new data center capacity could be cooling.

JPMorgan upgrades MARA Holdings to overweight with a $22 target amid rising bitcoin prices. IREN and Riot downgraded to neutral as miner profitability outlook shifts.

IREN is shifting from Bitcoin mining to AI data centers, focusing on high-performance computing (HPC) and cloud services. With its 52 EH/s mining capacity nearing completion, the company is positioning itself as a key player in AI infrastructure. Learn more about IREN’s strategic pivot and future growth.