IREN jumps on multiyear Anthropic cloud deal

Shares of IREN climbed in premarket trading on October 12, 2026, following a report from The Information that artificial intelligence firm Anthropic agreed to a multiyear cloud deal with the company.

The report highlights Anthropic's push to secure rapid data center capacity to monetize infrastructure quickly. The financial terms and exact valuation of the contract were not disclosed in the report.

IREN, which originally operated as a Bitcoin miner, has transitioned into a data center and energy provider. Market commentators noted that retail traders continue to follow former crypto infrastructure firms as they pivot toward artificial intelligence computing.