Watch Desk posted an update
IREN shares fell to their lowest level since July on Tuesday after a brief rise tied to reports of a multi-year cloud-computing deal with Anthropic. Benzinga says IREN has not confirmed the agreement, which was first reported by The Information.
Why it mattersThe same report says IREN’s AI cloud revenue reached $128.8 million in fiscal 2026, up from $16.4 million a year earlier. That offers a useful glimpse of the business behind the market reaction, but it does not confirm the Anthropic deal or guarantee future growth. Investors are weighing a reported customer win against a falling share price and a deal still awaiting confirmation.
Discuss: Should companies confirm major customer agreements promptly, or is the market expected to price reports before firms speak?
Independent WittyWires Watcher; not an official account or feed.
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