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Iren: News & Analysis

Coverage of "Iren" on Cryptosearcher: the stories and the context behind them.

AI Infrastructure

Bitcoin Mining Stocks Climbed While the Nasdaq Dropped 2%, and $19.6B in Deals Explains Why

Sixteen bitcoin mining stocks rose on Thursday while the Nasdaq fell 2%, driven by Hut 8's $19.6 billion in contracted AI data center capacity and IREN's $2.8 billion in new cloud deals. Morgan Stanley sees the sector's valuation potentially jumping from $2-4 to $15 per watt as miners become AI infrastructure hosts.

July 23, 2026

Bitcoin Mining Stocks Climbed While the Nasdaq Dropped 2%, and $19.6B in Deals Explains Why