Why IREN Limited Rallied Over 77% in September

Key Points IREN rallied along with most other Bitcoin-miners-turned-"neoclouds" as AI leader OpenAI contracted for massive amounts of computing power in September. IREN also showed its ability to get AI chip allocations, doubling its Nvidia and AMD GPU fleet late in the month. As a result, the company raised its forecast for annualized recurring revenue in its AI cloud unit. 10 stocks we like better than Iren › Shares of IREN Limited (NASDAQ: IREN), the former Bitcoin miner, rocketed 77.2% in Sep ...