IREN Limited shares rose in US trading on Monday, October 12, 2026, after a report linked the data-centre operator to a multi-year artificial intelligence (AI) cloud services agreement with Anthropic, the company behind Claude AI.
IREN shares climbed in premarket trading after the report, which suggested Anthropic had entered into an unannounced cloud deal with the company. Neither IREN nor Anthropic had publicly confirmed the reported agreement or disclosed its financial terms. The development has nevertheless drawn investor attention to IREN’s efforts to expand beyond Bitcoin mining and become a major AI infrastructure provider.
IREN Stock Price Today: Latest Share Market Update
IREN shares gained attention during Monday’s session following the report about Anthropic. Barron’s reported that the stock rose 2.6% to $36.08 in early trading, while other market reports showed larger gains during premarket trading. Share prices can change throughout the session, so investors should check a live market source for the latest quote.
You Might Be Interested In
The stock’s movement comes as investors assess whether IREN can turn growing demand for AI computing into long-term revenue and profitable operations.
Why Is IREN Stock Rising Today?
The main reported catalyst is a multi-year cloud services agreement with Anthropic. According to a report by The Information, Anthropic has an unannounced agreement with IREN as it expands computing capacity to support its AI models.
Anthropic develops the Claude family of AI models and requires substantial computing power to train and operate them. Securing additional cloud infrastructure could help the company meet rising demand for its AI products.
For IREN, the reported agreement could add another major AI customer and strengthen its position in the data-centre market. However, the companies have not confirmed the reported partnership, and details about its value, capacity, and delivery schedule remain unavailable.
Comments
0 commentsNo comments yet — be the first.