IREN Lands Anthropic Cloud Deal; Shares Jump Nearly 9%
In one line: AI cloud provider IREN has reportedly won a deal to supply cloud services to Anthropic, and its stock rose nearly 9% on the news.
Key points
- TradingKey reports that IREN signed a cloud services agreement with Anthropic, the developer of Claude.
- IREN shares climbed nearly 9% after the news, the largest gain in the computing sector.
- The report does not confirm terms such as deal value, duration or GPU capacity.
- IREN began as a bitcoin miner and has been moving into GPU cloud services, using its data center power and sites.
Why it matters
Anthropic gets compute for training and inference from several suppliers. This deal suggests that former crypto miners now running as "neoclouds" can join that supply chain alongside the large hyperscalers. Investors appear to see contracts with frontier labs as evidence that AI infrastructure providers can turn capacity into real revenue.