IREN Ltd IREN shares are trending on Thursday.

Check out the current price of IREN stock here. 

IREN jumped 4.48% in after-hours trading to $49.25, building on Wednesday’s 12.86% regular session gain. The dual-engine crypto mining and AI infrastructure company continues its remarkable 537.03% six-month rally.

AI Cloud Capacity Doubles With $674M Investment

IREN announced on Monday that it has significantly expanded its cloud computing power by increasing its capacity to 23,000 GPUs. This expansion was made possible through a series of strategic hardware purchases, including 7,100 Nvidia Corp. NVDA B300 GPUs, 4,200 Nvidia B200 GPUs, and 1,100 AMD MI350X GPUs, totaling around $674 million.

Benzinga