Cryptocurrency mining companies saw their gains widen on Wednesday, with IREN Ltd climbing nearly 7%. TeraWulf rose more than 4%, Applied Digital advanced over 3%, Hut 8 increased more than 2%, and Cipher Digital gained nearly 1%. The movement follows recent news that IREN Ltd has entered into a landmark procurement agreement with Dell Technologies. Under the terms of the deal, IREN Ltd will purchase an additional 50,000 NVIDIA Blackwell architecture B300 GPUs, significantly expanding its total GPU holdings to 150,000 units. The total value of this procurement contract reaches $3.5 billion, marking a critical step in the company's transition from a Bitcoin mining operation to a globally leading provider of AI computing infrastructure.
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Cryptocurrency Mining Stocks Extend Gains as IREN Ltd Surges Nearly 7%
Stock News03-11
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