IREN Shares Jump 5% on Potential $100 Million Anthropic AI Accelerator Deal
IREN•IREN shares jumped 5% on July 5 after reports the company is in preliminary talks to supply AI accelerator modules to Anthropic, with the potential contract size estimated at $100 million over two years. Trading volume doubled to roughly 500,000 shares as investors speculated the deal could boost 2026 revenue by over 10%.
1. Rumored Anthropic Collaboration
IREN is engaged in preliminary discussions to provide AI accelerator modules to Anthropic, potentially supplying up to 40,000 units over a two-year term. Early estimates place the deal’s value at around $100 million, marking IREN’s potential first major entry into next-generation AI hardware.
2. Share Price and Trading Activity
On July 5, IREN stock climbed 5% in overnight trading, reaching a three-month high as daily volume nearly doubled to 500,000 shares. Investors are betting that securing this contract would contribute more than 10% of IREN’s projected 2026 revenue.
