MARA

Iren (IREN) surged 7.50% to $52.02 on April 23, 2026, following positive coverage of its strategic pivot from Bitcoin mining to AI data center operations. The company is planning a potential $6 billion share issuance to fund AI infrastructure expansion, raising dilution concerns among investors ahead of Q3 earnings on May 7. Bitcoin mining peers Marathon Digital (MARA) and Riot Platforms (RIOT) are mentioned in the broader market context, while Microsoft (MSFT) is referenced in relation to AI data center demand.

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