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News  ›  The Motley Fool

Why Iren Limited Rallied Again in October

The Motley Fool Logo The Motley Fool By Billy Duberstein
Why Iren Limited Rallied Again in October

Iren Limited experienced significant stock growth in October, securing AI cloud contracts, raising $1 billion in convertible notes, and announcing a massive $9.7 billion five-year deal with Microsoft that could expand its annual recurring revenue to $2.5 billion.

Insights
IREN   positive

Stock rallied 29.4% in October, secured major cloud contracts, raised significant capital, and signed a transformative deal with Microsoft expanding potential revenue