Cantor Fitzgerald significantly expanded its stake in Bitcoin (BTC) mining and AI cloud firm IREN Ltd (Nasdaq: IREN).

In a Feb. 17 filing with the U.S. Securities and Exchange Commission (SEC), the financial services firm reported purchasing 3,333,423 additional shares of IREN worth nearly $171.96 million based on average quarterly prices.

The move increased the firm’s quarter-end IREN holding by roughly $124.65 million, underscoring Wall Street’s growing interest in AI cloud and virtual asset plays.

Following the transaction, IREN now represents about 1.99% of Cantor Fitzgerald’s reportable assets under management (AUM).

The IREN stock was trading at $42.04 at press time. It has lost 40% of its value since…