IREN Limited is transforming from a mining company into an AI infrastructure provider, driving rapid growth through expanding capacity, customer base, and capital investments. Its AI revenue soared 839% year-over-year to $33.6 million in Q3 2026, now making up 23% of total revenue. The company secured a significant five-year, $3.4 billion cloud services contract with NVIDIA, increased secured power capacity to 5GW, and raised its contracted annual recurring revenue to $3.1 billion. With upgraded GPU targets for 2026, IREN shows strong execution and growth potential, leading to a maintained BUY rating despite risks from dilution and liquidity.
Nicholas Crypto Income ETF (BLOX) holds a Hold rating due to a recent recovery in cryptocurrency prices, yet it remains vulnerable to sharp declines. The fund's trailing yield is 44%, but this is backward-looking, with the current distribution rate a...
TeraWulf's stock fell 5%, extending a month-long decline in AI infrastructure and hosting stocks, even as the broader market remained stable. The drop reflects a sector-wide repricing as investors question the pace of AI data center buildouts, with k...
