Crypto Mining Stock Is Up 400% This Year As It Inks Nvidia Deal
Shares of Iren (IREN), an AI, cloud, and data center company, jumped nearly 15% on August 29 after announcing it had achieved “preferred partner” status with Nvidia. The designation is seen as a significant endorsement, positioning Iren as a key collaborator in Nvidia’s expanding ecosystem for AI and data center solutions. In addition to the partnership news, Iren confirmed it has secured the purchase of up to $168 million worth of Nvidia GPUs, further fueling the company’s stock rally on the