IREN Soars 11% in Pre-Market as Bitcoin Miner Doubles AI Cloud Capacity

Bitcoin miner IREN rockets 11% in pre-market trading after announcing major AI infrastructure expansion.

Doubling Down on AI

The company just doubled its AI cloud fleet capacity, signaling a strategic pivot beyond cryptocurrency mining. Investors are betting big on IREN's ability to capitalize on the AI boom while maintaining its Bitcoin operations.

Market Reacts Instantly

Traders pushed shares up double-digits before the opening bell—because nothing gets Wall Street excited like a company chasing two hypes at once. The move positions IREN to compete directly with established cloud providers while leveraging existing infrastructure.

Miners Become AI Players

Cryptocurrency mining operations increasingly repurpose their massive computing power for artificial intelligence workloads. IREN's expansion demonstrates how Bitcoin miners are evolving into diversified tech infrastructure plays.

Because when you can't decide between crypto and AI bets, why not throw shareholder money at both?