Shares of publicly traded Bitcoin miners IREN and CleanSpark tumbled sharply after both companies posted disappointing quarterly results. The declines coincided with a broader selloff in cryptocurrency markets, amplifying investor concerns over earnings volatility and balance-sheet risks. Both firms highlighted strategic pivots toward AI infrastructure despite near-term financial pressures.
about Bitcoin Miners IREN, CleanSpark Shares Plunge on Earnings MissDaniel Roberts
1 posts last weekIREN’s $9.7B Microsoft Deal Fuels AI Compute Rush
Former Bitcoin miner IREN has secured a massive $9.7 billion deal with Microsoft, sending its stock soaring nearly 21% as the AI compute race intensifies. The agreement gives Microsoft access to Nvidia’s cutting-edge GB300 GPUs and marks the latest in a series of partnerships between tech giants and crypto infrastructure providers pivoting to artificial intelligence workloads. This landmark deal validates the strategic repositioning of companies that once focused exclusively on cryptocurrency mining toward the booming AI cloud computing sector.
about IREN's $9.7B Microsoft Deal Fuels AI Compute RushIREN Stock: $50 Target Amid Bitcoin & AI Growth
IREN Ltd. (NASDAQ: IREN) has catapulted from obscurity to a market sensation in 2025, with its stock soaring 277.7% year-to-date to $37 by mid-September. Driven by explosive Bitcoin mining revenue and a strategic partnership with NVIDIA, the company’s dramatic financial turnaround—from net losses to a $176.9 million quarterly profit—has analysts debating whether its sky-high valuation justifies a continued climb to $50 per share by year-end.
about IREN Stock: $50 Target Amid Bitcoin & AI Growth