IREN Soars 11% in Pre-Market as Bitcoin Miner Doubles AI Cloud Fleet - Here’s Why Traders Are Buzzing

Bitcoin miner IREN rockets 11% in pre-market action after revealing massive AI infrastructure expansion.

From Crypto Mining to Cloud Computing

The company just doubled its AI cloud capacity—transforming mining rigs into AI powerhouses. Investors are betting big on this pivot toward high-margin tech services.

Wall Street Takes Notice

Traditional finance analysts scramble to update their models while crypto natives smirk—another case of legacy players playing catch-up with blockchain innovation. The 11% surge signals serious institutional interest despite their usual skepticism about anything that challenges their 9-to-5 mentality.

This isn't just another mining operation—it's a strategic reinvention that's making both crypto and AI investors pay attention. The doubling of AI cloud capabilities positions IREN at the intersection of two technological revolutions, leaving traditional asset managers wondering why they didn't see this convergence coming.