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IREN Stock Jumps 4% Following Landmark Cloud Computing Deal With Anthropic
IREN (IREN:NASDAQ) shares rose on Monday, after The Information reported that the data center operator signed a multi-year deal for AI cloud services with Anthropic.
Anthropic already uses big cloud providers like Amazon and Google, and adding IREN lets it lock in large GPU clusters.
These chips run AI models, which gives Anthropic more flexibility and lower costs.
It also supports Anthropic's growth ahead of its planned IPO, given the company wants to avoid a computing-power shortage.
IREN has its own power supply and data centers, and renting from a company like that can help Anthropic keep research and operating costs down.
IREN Stock Pops After Reportedly Winning Anthropic Deal
BREAKING: October Rate Hike A Coin Flip After Hot Core Inflation
IREN stock popped early Monday on reports that the bitcoin miner-turned-artificial intelligence infrastructure provider landed a multiyear cloud deal with Anthropic. Data center and bitcoin mining stocks slid Monday. IREN (IREN) has signed a multiyear cloud deal with Anthropic, The Information reported citing unnamed sources. The deal is part of Anthropic's latest tranche of roughly $530 billion of data center…
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