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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