IREN Ltd. (IREN) saw a 12.6% surge in share prices on Friday, reaching $62.90 apiece. This jump was fueled by investor interest in AI stocks following Oracle Corp.’s $38 billion expansion. IREN, transitioning from Bitcoin mining to AI servicing, aims to generate $500 million in annualized recurring revenues from AI alone.

Investors are eagerly awaiting IREN Ltd.’s (IREN) first-quarter earnings report for fiscal year 2026, set to be released after market close on November 6, 2025. The company recently deployed 11,000 Nvidia Blackwell GPUs to its AI partners and plans to deliver the remaining 12,000 GPUs by the end of the first quarter next year. This move is expected to drive significant revenue growth from AI operations.

Read more at Yahoo Finance: IREN Ltd. (IREN) Jumps 12.6% on Renewed AI Frenzy, Upcoming Earnings