On August 18, IREN Ltd rose 5.17% in regular trading, trading at $46.30/share, with turnover of $9.96 billion. The stock continued its upward momentum driven by multiple recent catalysts.

On the news front, IREN recently completed and delivered Horizon 1, a 50-megawatt AI computing data center facility, to Microsoft. This delivery is part of a five-year, $9.7 billion cloud services contract announced in November 2025. The facility features direct-to-chip liquid cooling technology supporting NVIDIA's GB300 NVL72 platform. IREN simultaneously achieved NVIDIA Exemplar Cloud status, providing further technical endorsement for its AI infrastructure capabilities.

Additionally, IREN completed the acquisition of Mirantis to strengthen its vertically integrated AI cloud platform software layer, and announced it will release FY26 financial results on August 27. The company also secured a $2.8 billion AI computing new order and raised full-year ARR guidance. Multiple positive developments have continued to fuel bullish market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)