On August 12, IREN Ltd rose 5.38% in pre-market trading, trading at $42.1/share, with turnover of $2.9675 million.

On the news front, Anthropic signed a landmark $9.1 billion, 20-year cloud computing contract with Riot Platforms, underscoring the sustained high-pressure demand from AI enterprises for computing supply. The deal triggered a broad rally across the neocloud sector, with NEBIUS up 4.95%, Riot up 4.33%, Hut 8 up 3.64%, and CoreWeave up 2.42%, demonstrating significant sector-wide linkage effects.

IREN itself holds $2.8 billion in AI computing contracts and recently completed its acquisition of Mirantis to strengthen the software layer of its vertically integrated AI cloud platform. The company continues to benefit from accelerating AI infrastructure spending spillover into independent computing operators. Earlier in July, IREN raised its year-end AI cloud annualized run-rate revenue target to over $4 billion from $3.7 billion, which had already driven a 20% single-day surge at that time.

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