IREN (IREN) Soars 8.45% on Monday, Marking 16.38% Two-Day Rise as AI Cloud Pivot Drives Momentum

IREN (IREN) surged 8.45% on Monday, marking its second consecutive day of gains and a 16.38% rise over the past two trading sessions. The stock reached a new intraday high of $12.72, its highest level since October 2025, driven by renewed investor interest in its strategic shift toward artificial intelligence cloud services.

The company’s transformation from a Bitcoin mining operation to a neocloud provider has positioned it to capitalize on the booming demand for AI computing power. With a projected 8–10x increase in AI cloud revenue by December 2025, IREN is leveraging partnerships with industry leaders such as OpenAI, Oracle, and NVIDIA to expand its GPU infrastructure and meet surging market needs.

IREN’s recent procurement of 7,100 NVIDIA B300s, 4,200 B200s, and 1,100 AMD MI350X GPUs has significantly bolstered its capacity to deliver AI cloud services. This expansion, coupled with a $674 million investment, has doubled its GPU fleet to 12,400 chips, ensuring scalability as demand for AI workloads continues to rise.

Leadership changes in 2025, including Anthony Lewis’s promotion to Chief Financial Officer, have reinforced IREN’s focus on optimizing capital structure and securing financing for AI expansion. These strategic appointments highlight the company’s commitment to scaling its cloud operations and maintaining a competitive edge in the AI infrastructure market.

Market validation has further solidified investor confidence, with IREN’s annualized recurring revenue guidance raised to $500 million by January 2026. As the AI industry continues to evolve, IREN’s ability to deliver scalable, high-performance computing solutions positions it to benefit from the sector’s rapid growth, despite potential risks such as supply constraints and regulatory challenges.