IREN Soars 40% in 5 Days as Nvidia AI Deal Highlights Ownership

IREN Limited jumped more than 40% in five days after announcing a $5.5 billion AI infrastructure deal with Nvidia, including a $3.4 billion cloud services agreement and up to $2.1 billion in equity, with plans to deploy up to 5 GW of Nvidia-aligned AI infrastructure across its data-center pipeline (including a 2 GW Texas campus). The rally comes despite a Q3 earnings miss, with revenue down about 2% to $144.8 million and a loss of $0.30 per share. Ownership shows public companies and individual investors holding about 79.38% of shares, insiders 8.64%, and ETFs 6.77%; analysts maintain a Moderate Buy with a $72.56 price target (~24% upside).