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Bitcoin mining stock surges on $9.8 billion AI deal
TheStreet66d agobullish
Bitcoin mining stock surges on $9.8 billion AI deal

The shares of Hut 8 (Nasdaq: HUT), a Bitcoin miner that has been expanding into artificial intelligence (AI) infrastructure, jumped as much as 14% on July 20 after the firm signed a $9.8 billion lease that fully commercializes its massive Texas data center campus. The 15-year deal covers the second ...

IREN, Hut 8 Stocks Surge as AI Deals Restore Neocloud Cheer
Barrons.com66d agobullish
IREN, Hut 8 Stocks Surge as AI Deals Restore Neocloud Cheer

IREN and Hut 8 were rising sharply early on Monday as both companies announced more customers were spending on their cloud-computing infrastructure. IREN shares rose 9% in the premarket after it said it had agreed new multiyear cloud contracts with artificial-intelligence developers representing $2.8 billion in total contract value. IREN was previously an Australian Bitcoin miner called Iris Energy before pivoting to AI computing as part of a wave of “neoclouds” building out cloud computing infrastructure.

Jim Cramer on IREN: “It’s Growing Like a Weed”
Insider Monkey77d agoneutral
Jim Cramer on IREN: “It’s Growing Like a Weed”

IREN Limited (NASDAQ:IREN) was among Jim Cramer’s stock calls on Mad Money, as he highlighted the AI opportunities in neoclouds. Cramer mentioned the stock and its peers during the episode, as he remarked: How about the small operators? You hear their names all the time. These are more like hybrids between neoclouds and specialized real […]