Movement Alert｜IREN Ltd Rises 8.18% in Pre-Market Trading, AI Compute Leasing Price Strength Supports Valuation Recovery

Market Focus

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On October 12, IREN Ltd rose 8.18% in pre-market trading, trading at $37.4107/share, with Turnover of $14.4277 million.

Goldman Sachs data showed U.S. AI compute spot leasing prices are approximately twice long-term contract rates, with IREN's recent three-year contracts priced above $20 billion per gigawatt and contracts under negotiation around $25 billion per gigawatt. The persistently tight compute supply-demand landscape provides valuation support.

Prior overnight trading had already gained 5.14%. While options market showed medium-term bearish positioning, large order flows reflected defensive rather than clearly bearish sentiment.

Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including AI cloud services. The company was incorporated in 2018 and is headquartered in Sydney, Australia.

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The persistently tight compute supply-demand landscape provides valuation support.</p><p>Prior overnight trading had already gained 5.14%. While options market showed medium-term bearish positioning, large order flows reflected defensive rather than clearly bearish sentiment.</p><p>Iris Energy Limited owns and operates bitcoin mining data centers. It also provides high performance computing solutions, including AI cloud services. The company was incorporated in 2018 and is headquartered in Sydney, Australia.</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IREN","symbol_name":"IREN Ltd","start_time":0,"source_url":"","article_id":"1122144068","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122144068","pubTimestamp":1791792200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On October 12, IREN Ltd rose 8.18% in pre-market trading, trading at $37.4107/share, with Turnover of $14.4277 million.Goldman Sachs data showed U.S. AI compute spot leasing prices are approximately...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IREN":"IREN Ltd"},"translate_title":"走势提醒|IREN Ltd盘前交易上涨8.18%，AI计算租赁价格走强支撑估值修复","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IREN":1},"content_text":"On October 12, IREN Ltd rose 8.18% in pre-market trading, trading at $37.4107/share, with Turnover of $14.4277 million.Goldman Sachs data showed U.S. AI compute spot leasing prices are approximately twice long-term contract rates, with IREN's recent three-year contracts priced above $20 billion per gigawatt and contracts under negotiation around $25 billion per gigawatt. 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