IREN climbs as Anthropic reportedly enters multi-year cloud deal
IREN•IREN shares rose 3.2% after Anthropic reportedly entered a multi-year cloud deal with the data center operator, citing people familiar with the relationship. IREN's CEO said on an August 27 earnings call that the company had a new multi-year cloud contract with a leading frontier AI lab.
1. Reported cloud deal
Anthropic has reportedly entered a multi-year cloud deal with IREN that has not yet been announced, citing people familiar with the relationship. IREN did not immediately respond to a request for comment.
2. CEO referenced contract
CEO Daniel Roberts said during the company's August 27 Q4 earnings call that IREN had a new multi-year cloud contract with a leading frontier AI lab.
3. Analyst ratings
Fifteen of 18 brokerages rate the stock “buy” or higher, while three rate it “hold”; the median price target is $80. Including the session's move, the stock was down 4.2% year to date.
