IREN STOCK PRICE INCREASED BY OVER 15 PER CENT AND THE COMPANY INCREASED ITS TARGET FOR AI CLOUD TO $4 BILLION

ON 20 JULY, THE PRICES OF THE BITCOIN MINE IREN STOCK ROSE BY ABOUT 15.7 PER CENT ON MONDAY, FOLLOWING THE COMPANY ' S ANNOUNCEMENT OF AN UPWARD ADJUSTMENT OF THE AI CLOUD BUSINESS INCOME TARGET, WHICH IS EXPECTED TO RUN AT MORE THAN $4 BILLION BY THE END OF THE YEAR。