🟢 IREN is trading 5.2% up today after $1.6B Dell GPU deal to expand AI cloud infrastructure

IREN is trading 5.2% up today at $62.87 after announcing a $1.6 billion GPU purchase agreement with Dell to expand its AI cloud infrastructure.

• The deal extends a sharp multi-day rally as investors re-rate the company from a crypto miner toward an AI infrastructure and cloud player.
• The pivot is overshadowing slightly weaker Bitcoin prices and a softer crypto tape.
• Broader equity futures are higher on risk-on sentiment, providing an additional tailwind to tech and AI-related names.