IREN jumps 16% after raising AI cloud revenue target above $4B

The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers.

The Bitcoin miner raised its year-end AI cloud revenue target to more than $4 billion after signing $2.8 billion in new contracts with AI developers.
OpenAI’s briefing on the new models. Screenshot by David Gewirtz/ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET’s key takeaways OpenAI’s GPT-5.6 launch looks aimed directly at Anthropic. Sol, Terra, and Luna map closely to GPT-5.5’s tiers. ChatGPT Work brings OpenAI’s agent tools beyond coding. OpenAI cranked out a series of big announcements today….
Ether prices have reached their highest level since early June as analysts eye its next move. ETH tapped a six-week high of $1,940 in late trading on Wednesday and has held on to those gains into Thursday morning, where it remained above $1,900. CryptoQuant analyst ‘Darkfost’ said on Thursday that the move was driven…
Crypto exchange Bitget has launched what it calls the industry’s first cross-asset unified account, letting users combine more than 370 assets, including 100 tokenized U.S. stocks, in one margin pool. Bitget Pools Stock Tokens The Victoria, Seychelles-based exchange said on Jul. 16 that the account pools those assets into a single margin system, letting tokenized…
BlackRock’s BUIDL looks like a stablecoin, pays interest like a bond fund, and is legally neither. Tokenized money market funds are the fastest-growing real-world asset in crypto, and almost nobody who talks about them can explain what you actually own. For a decade, crypto’s answer to the question of where to park idle dollars was…
Coinbase’s Jesse Pollak said he is stepping back from leading the Base app after acknowledging that his bet on an onchain social economy failed to drive crypto adoption as he had expected. The Base creator said he had spent the last two years betting that builders and onchain-native social experiences, including Farcaster, Zora, mini apps…
As H2 unfolds, liquidity is emerging as the market’s defining variable. From a technical standpoint, the TOTAL crypto market cap has fallen more than 25% from its $3.3 trillion peak. That coincided with Bitcoin’s [BTC] nearly 35% decline from its $97k high in H1, marking its worst first-half performance since the 2022 bear market, when…