Bitcoin Miner Lands Anthropic Deal: Shares Rise Before Market Open!

IREN, which is shifting from Bitcoin mining to AI infrastructure, has reached a multi-year cloud services agreement with Anthropic, sending its shares up 4% in premarket trading.

According to a report by CoinDesk citing The Information, IREN will provide cloud services to AI company Anthropic. The multi-year deal creates a new customer relationship as IREN transitions from mining to AI infrastructure.

IREN shares rise before market open

IREN shares were up 4% in premarket trading as news of the deal made headlines. The increase came as futures tied to technology stocks edged lower.