IREN shares rose with technology stocks and AI peers, but the story reports no new IREN business result. It also says investors questioned the cost of its AI expansion, so the update does not change its business outlook.
The rise reflects buying across technology and AI data-center stocks, not a new result from IREN. The story also notes concern about the cost of IREN's expansion. Those facts do not show a clear change in the company's business outlook.
Applied Digital said its Polaris Forge 1 campus had 250 megawatts operating and fully leased, showing it filled this data-center capacity with customers.
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