IREN News & Events

Stocks rallied early in session on Wednesday and then sustained their gains while the fear-gauge Vix index retreated from the 24-handle to a low-20 as investors appear to be growing less nervous around the prospects of a protracted conflict in the Middle East.  Traders snapped up the beaten-down Tech names - especially Memory, with Micronup a strong 5.5%.  Large-cap Consumer Cyclicals also traded notably firmer, as Amazonand Teslapaced the group with gains of over 3%.  Crypto stocks were likewise notably higher - Coinbasewas one of the S&P 500's best performing names, gaining 15%, and Robinhoodfollowed closely with an 8% rally.  In turn, Energy stocks sagged, even though Crude Oil remains above $75 per barrel.In the opening hour of the evening session, S&P 500 e-minis and Nasdaq 100 futures are up 0.3% and 0.4% respectively.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Veeva Systemsup 10.9%Oomaup 10.9%Cracker Barrelup 6.6%Broadcomup 5.0%Oktaup 1.9%ALSO HIGHER -The Trade Deskup 9.1% after OpenAI ad partnership reportGraphic Packaging Holdingup 5.9% after insider buyDOWN AFTER EARNINGS -Grocery Outletdown 21.4%PepGendown 17.1%StubHub Holdingsdown 9.5%American Eagledown 2.1%ALSO LOWER -IREN Limiteddown 5.3% after purchase agreements for over 50,000 Nvidia B300 GPUs

Iren (IREN) announced it has entered into purchase agreements for over 50,000 Nvidia (NVDA) B300 GPUs that will expand its total fleet to 150,000 GPUs. Iren expects to deploy the additional GPUs in phases through the second half of 2026 across its existing air-cooled data centers in Mackenzie, British Columbia and Childress, Texas. The 150,000 GPU fleet is expected to support AI Cloud annualized run-rate revenue of over $3.7B by the end of 2026. Existing data centers at Canal Flats and Childress provide capacity to support additional GPUs over time. Iren has secured $9.3B of funding in the past eight months across customer prepayments, convertible notes, GPU leasing and GPU financing. The company expects to leverage these and other capital sources to finance approximately $3.5B of additional capex for these orders expected in the second half of 2026.

Mixed options sentiment in Iris Energy (IREN), with shares up 62c, or 1.5%, near $41.56. Options volume roughly in line with average with 147k contracts traded and calls leading puts for a put/call ratio of 0.33, compared to a typical level near 0.67. Implied volatility (IV30) dropped 0.25 near 103.16,and below the 52wk median, suggesting an expected daily move of $2.70. Put-call skew flattened, suggesting a modestly bullish tone.