Shares of Iren, a bitcoin mining and AI infrastructure company, rose 7.6% to US$67.1 on November 10, 2025.

The company’s stock is up over 500% year to date.

This follows Iren’s recent Q3 earnings report and a US$9.7 billion, five-year agreement with Microsoft to provide 200 megawatts of AI compute at its Childress, Texas, facility.

Cantor Fitzgerald analyst Brett Knoblach cited the Microsoft deal as a sign of confidence in Iren’s infrastructure and maintained a positive outlook for the company’s future performance.

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion.

🔗 Source: CoinDesk