On August 8, IREN Ltd rose 5.13% in regular trading, trading at $39.915 per share, with turnover of $841 million.

On the news front, IREN recently announced the completion of its acquisition of Mirantis, further strengthening the software layer of its vertically integrated AI cloud platform. This follows the company's earlier disclosure of multi-year cloud services contracts totaling $2.8 billion in contract value with leading AI developers, which prompted an upward revision of its year-end AI cloud annualized run-rate revenue target from $3.7 billion to over $4 billion. Approximately 85% of the updated target is now under contract, with customer contracts carrying a weighted average term of about four years. Customer prepayments represent roughly 45% of associated GPU capital expenditure.

Additionally, the broader cloud computing services sector has been performing strongly, with institutional capital such as ARK continuing to increase positions in the AI infrastructure space, providing further support to the stock.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)