IREN shares climbed after securing a data center connection agreement in Australia, while Bernstein revised price targets for MARA, RIOT, and CORZ.
IREN surged in early trading Wednesday following its announcement of a connection agreement for a new data center site in Australia. The company, which operates in bitcoin mining and AI cloud services, saw its stock rise amid broader mixed performance in cryptocurrency-related equities.
Bitcoin’s price hovered near $67,000 this week, contributing to varied movements among crypto stocks. Bernstein adjusted its price targets for Mara Holdings, Riot Platforms, and Core Scientific, reflecting shifting sentiment in the sector.
Dow Jones futures declined in pre-market activity, contrasting with Snowflake’s sharp gains after strong earnings. Market focus remains on upcoming Fed inflation data due later this week.