$IREN

IREN is currently navigating a severe technical pullback, but the fundamentals just dropped a massive anchor today, triggering an explosive 20.88% daily surge.
The company announced an incredible $2.8 billion in new multi-year cloud-service contracts with top AI developers.
In response to this massive demand, $IREN raised its year-end 2026 AI Cloud annualized run-rate revenue target to over $4 billion, up from the previous $3.7 billion guidance.
Furthermore, they reported holding roughly $7.6 billion in cash and cash equivalents, securing the runway for their extensive infrastructure scale-out.
Technically, the chart shows a violent retracement following the macro breakout near the $70 zone.
The price aggressively bled down toward the $40.63 level, actively searching for a floor.
Given the broader bullish structure established by the previous upside BOS, this downward extension was hunting for a macro HL.
Today’s massive 20.88% green candle indicates that buyers are heavily front-running the immediate structural demand block down near the $28 to $32 region.
The question now is whether today's massive AI revenue catalyst provides enough sustained buy pressure to print a definitive swing low right here, or if this is just a relief bounce before a full retest of the foundational support.