IREN announced $2.8 billion in new multi-year contracts with leading AI developers, boosting its 2026 annualized run-rate revenue (ARR) target to over $4 billion. The company’s AI Cloud capacity is rapidly expanding, aiming for 480MW in 2026 and 1.2GW in 2027, with a diverse customer base including Microsoft and NVIDIA. Strong demand and contract prepayments reduce funding needs, positioning IREN for significant growth in the AI cloud market. The weighted average contract term is about four years, supporting stable future revenue streams.
In the second quarter of 2026, Class A shares of the Alger Spectra Fund outperformed the Russell 3000 Growth Index. Key contributors to this positive performance included Nebius Group N.V., Astera Labs, and Western Digital Corporation, while GFL Envi...
Shares of Zhengye Biotechnology surged over 1047% to regain Nasdaq compliance after a minimum bid price warning. Advanced Biomed and Axe Compute also saw notable gains following a reverse stock split and Russell Microcap Index inclusion, respectively...
WGMI is transitioning from being solely a Bitcoin mining investment to focusing on miners moving into AI infrastructure. The recent 26% price drop reflects market adjustment rather than a decline in the company's fundamentals, making current valuatio...
