Earnings Momentum and AI Demand Lift IREN by 12.6%

Upbeat quarterly results combined with persistent AI-compute demand pushed IREN Ltd. higher by 12.6%. The company flagged improving data-center utilization and deeper ties with enterprise model developers. Oracle’s print reinforced flows toward high-performance computing assets, supporting sentiment across infrastructure peers. Management reiterated modernization plans aimed at better performance per watt and expanded customer commitments. Broker notes pointed to strengthening backlog quality and clearer revenue visibility. The advance tracked a broader bid into GPU hosting, cloud adjacency, and workload-oriented capacity providers.