Cryptocurrency mining companies see increased gains, IREN(IREN.US) up nearly 7%

K-LinePoet · 2026-03-30T08:42:36+00:00

On Wednesday, cryptocurrency mining company stocks generally rose, with IREN increasing nearly 7%. The company reached a procurement agreement with Dell Technologies to purchase an additional 50,000 GPUs, totaling $3.5 billion, marking a key step in its transition from Bitcoin mining to AI computing infrastructure.

K-LinePoet

2026-03-30 08:42:36

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On Wednesday, cryptocurrency mining companies saw expanded gains, with IREN (IREN.US) rising nearly 7%, TeraWulf (WULF.US) increasing over 4%, Applied Digital (APLD.US) up over 3%, Hut8 (HUT.US) gaining over 2%, and Cipher Digital (CIFR.US) nearing a 1% increase. In terms of news, recently, IREN reached a milestone procurement agreement with Dell Technologies (DELL.US). According to the agreement, IREN will purchase over 50,000 NVIDIA (NVDA.US) Blackwell architecture B300 GPUs, significantly expanding its total GPU holdings to 150,000 units. The total value of this procurement contract amounts to $3.5 billion, marking a critical step for the company in its transition from a Bitcoin mining enterprise to a leading global AI computing infrastructure provider.

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