IREN

IREN Ltd. presented its Q3 FY2026 earnings, missing revenue and earnings expectations, but the stock initially increased due to a strategic partnership with NVIDIA, including a 5-year, $3.4 billion AI cloud contract and a potential $2.1 billion equity investment right for NVIDIA, however the stock declined 6.77% in regular trading and an additional 2.42% in aftermarket trading on May 7, 2026. In May 2026, IREN acquired Mirantis for approximately $625 million (all-share deal) and Nostrum Group, establishing IREN's European platform. On March 6, 2026, IREN announced the acquisition of an additional 50,000 NVIDIA GPUs and added a 1.6 GW mega-campus in Oklahoma, securing a $9.7 billion deal with Microsoft. IREN's shares have seen a significant increase over the past year, with reported gains of 725.11% to 831.5%, and as of May 8, 2026, the stock was trading around $56.85.