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Iren Stock Surges 15% Amid AI Funding Boom

Iren Stock Surges 15% Amid AI Funding Boom

Author:

Global Cryptocurrency

Published:

2026-01-28 11:48:02

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BTCCSquare news:

Iren Limited shares rallied 14.57% to $59.99 on heavy volume, recovering from Monday's dip triggered by CoreWeave's competing $2 billion Nvidia deal. The rebound aligns with renewed investor enthusiasm for AI ventures, particularly Anthropic's reported ambition to double its fundraising target to $20 billion at a $350 billion valuation.

AI startups collectively secured $150 billion in 2025, nearing last year's $172 billion IPO haul. Despite recent earnings misses, Iren shares have gained nearly 60% YTD, with analysts projecting 38% upside to $82.80. The AI sector continues to demonstrate remarkable capital absorption capacity even as public market activity slows.

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