TradingKey – Anthropic Signs Cloud Services Agreement with IREN, Sending IREN Stock Surging Nearly 9%

According to an October 12 report by The Information, AI computing and neocloud provider IREN (IREN) finalized a multi-year AI cloud services agreement with AI giant Anthropic, driving its stock price up 8.75% in overnight trading and leading the U.S. computing power sector. During the same period, Nebius Group (NBIS) and CoreWeave (CRWV) and other computing stocks rose by only about 1%.

IREN stock price chart, Source: TradingView

In August of this year, IREN revealed in its financial report that it had reached a partnership with a top frontier AI lab, but did not disclose the specific name. It has now been confirmed that the partner is…