Bitcoin (CRYPTO: BTC) mining stocks do not typically mint Wall Street legends a fresh fortune– however IREN Ltd (NASDAQ: IREN) simply did.
The miner-turned-AI-infrastructure play has actually handed billionaire hedge fund supervisor Paul Tudor Jones an approximately $84 million windfall. IREN stock has actually risen over 500% this year.
- Track IREN’s stock rise here.
From Mining Bitcoin to Mining Gold
Jones’ Tudor Financial Investment Corp silently developed a 1.47 million– share stake in IREN throughout the 2nd quarter at a typical cost of about $10.05 a share. With the stock now hovering near $67, his position has actually swollen by over 560% in worth. What began as a little, speculative bet worth simply $14.8 million, has actually swelled into an eight-figure payday– all in under 6 months.
The rally kicked into overdrive after IREN signed a $9.7 billion, five-year AI cloud services handle Microsoft Corp ( NASDAQ: MSFT). The IREN-Microsoft offer is among the most significant AI facilities collaborations ever tattooed by a previous crypto miner. The agreement consists of a 20% in advance deposit and will see IREN release NVIDIA Corp‘s (NASDAQ: NVDA) GB300 GPUs throughout its huge 750 MW Texas school, sealing its pivot from digital possessions to information centers.
Check Out Likewise: IREN, Cipher Bag Billion-Dollar AI Deals: Which Business Is Next?
A Pivot That Settled
JPMorgan expert Reginald Smith calls the offer a “recognition” of IREN’s early relocation into AI cloud services. Smith kept in mind that IREN’s capability to protect such an agreement “stunned doubters” and marked a turning point in the business’s development beyond Bitcoin.
All Eyes On Incomes
IREN is set to report its first-quarter outcomes on Thursday. Financiers will be expecting: information on offer phasing, GPU release timelines and financing prepare for its $5.8 billion collaboration with Dell Technologies Inc ( NYSE: DELL).
IREN’s reinvention is turning heads– and turning earnings. What started as a dangerous pivot from mining to AI, might now be the plan for survival in the post-crypto age. IREN stock has actually currently shown to be among his most intelligent trades of 2025 for Jones.
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Picture: Tigarto through Shutterstock
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