IREN shares rose 4% to $36.70 after an unconfirmed report named Anthropic as the frontier AI customer behind a multiyear cloud contract IREN disclosed in August, though the stock remains below its 50-day moving average of $41.72. Peers TeraWulf (WULF) fell 0.2% and Applied Digital (APLD) fell 0.8%, and the WGMI ETF was flat, so the gain is company-specific. Neither company has confirmed the deal, and no financial terms, capacity or timetable have been disclosed. AI cloud revenue more than doubled sequentially to $70.5 million in Q4 FY2026, and most of IREN's 2026 capacity is already sold. However, SemiAnalysis reported customer complaints about operational quality at IREN's legacy data centers in Prince George and Mackenzie, British Columbia, which are scheduled for liquid-cooled deployments in 2027.
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- IREN Slides 5% as Anthropic Cloud Report Buzz Fades; Core Scientific Falls 3%
IREN fell about 4% to $33.18 as enthusiasm faded around an unconfirmed report naming Anthropic as the customer behind a multiyear AI cloud contract IREN had disclosed without naming the counterparty. Neither IREN nor Anthropic has confirmed the report or made contract terms public, and the transcript of IREN's late-August results call does not mention Anthropic. Core Scientific slipped 3% to $14.51, and the Global X Data Center & Digital Infrastructure ETF (DTCR) fell 0.9%, reflecting a broader pullback across data center names. IREN has confirmed Microsoft as its key customer, delivering its first liquid-cooled deployment and saying its capacity for the year is largely sold out. The article notes that the stock may lack a fresh catalyst if both companies stay silent.
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