IREN Secures $3.65 Billion GPU Financing, Accelerates Shift From Bitcoin Mining to AI Infrastructure

Shares of IREN ($IREN) climbed on Tuesday ET after the Australia-based AI infrastructure firm disclosed a large, Microsoft-linked GPU financing arrangement and outlined accelerated buildout plans tied to next-generation Nvidia hardware—another sign that capital markets are increasingly rewarding companies positioned as ‘AI compute' suppliers rather than pure-play Bitcoin miners. IREN closed up 5.4% at $59.77 and rose to about $60.36 in after-hours trading.