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Bitcoin Miner IREN Stock Surges 30% After CEO Says Demand Outstrips Supply

Bitcoin Miner IREN Stock Surges 30% After CEO Says Demand Outstrips Supply

Bitcoin miner IREN Limited (NASDAQ: IREN), another company that has pivoted to AI infrastructure, jumped 30% on July 30, clawing back losses from a broader sell-off in AI infrastructure stocks.

Co-CEO Daniel Roberts told investors that customer demand for IREN’s computing capacity outstrips what the company can build right now.

CEO Points to Contracted Revenue, Not the Stock Price Rather than address the recent volatility directly, Roberts used a post on X to redirect attention to the business itself.

He said signed contracts already cover 85% of IREN’s $4 billion-plus 2026 annualized revenue run-rate target. Construction crews are actively working the company’s sites right now, he added.

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