Project Progress

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IREN stock price surges 19.57%: $2.8 billion in AI contracts—are Bitcoin miners turning into the new AI cloud computing stars?

On July 21, 2026 (Beijing time), bitcoin mining firm IREN Limited (Nasdaq ticker: IREN) closed at $40.20, up 19.57% on the day. Intraday, the share price briefly touched $41.10, an increase of more than 22% from the previous day’s close of $33.62. This surge was not driven by a synchronized rise in the bitcoin price—in fact, bitcoin did not show wild, proportional fluctuations during this period. The key driver behind the spike in IREN’s share price was major progress
IREN-3.76%
GateInstantTrends·07-21 08:11
IREN stock price surges 19.57%: $2.8 billion in AI contracts—are Bitcoin miners turning into the new AI cloud computing stars?