🟢 IREN is trading 5% up today on sharply higher AI cloud pricing

IREN is trading 5% up now at $46.93 after investors responded to sharply higher AI cloud pricing and intense demand.

• Contract discussions are around $25 million per megawatt versus $9.7 million in late 2025; recent three-year agreements exceed $20 million per megawatt.
• Bitcoin fell 1.08% and Ethereum 0.72% since the prior close, making the company-specific AI-cloud catalyst the dominant explanation.
• IREN rallied strongly last week, including 7.27% on September 4.