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Business

Adam Eckert

IREN Stock Is Surging Monday: What's Going On?

AI3d,Graphics,Concept:,Big,Data,Center,Female,Chief,Technology,Officer

IREN Ltd (NASDAQ:IREN) shares are trading higher on Monday after the company announced expanded AI cloud capacity and introduced new revenue guidance.

What To Know: Iren said it purchased 7,100 Nvidia B300s, 4,200 Nvidia B200s and 1,100 AMD MI350Xs for $674 million, bringing its AI cloud capacity up to 23,000 GPUs.

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