IREN Limited Increased by 77% in September

Shares of IREN Limited (NASDAQ: IREN), formerly a Bitcoin miner, surged 77.2% in September following the announcement of its fiscal fourth-quarter results and achieving Nvidia (NASDAQ: NVDA) “preferred partner” status. The boost in stock was fueled by increased projections for AI computing demand and IREN’s announcement of doubling its GPU supply, leading to raised revenue forecasts.

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