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IREN surged nearly 20% on Friday after the former Bitcoin miner reported AI cloud revenue of $200 million — up 182% in a single quarter — as its pivot to AI infrastructure pays off. Total revenue jumped 66% to $228 million, beating analyst estimates of $221 million, and its contracted backlog grew 22% to $20.3 billion. The stock had plunged 17% on Thursday in the AI selloff, but Friday's earnings rebound wiped out that loss. IREN still reported a $263 million net loss, narrower than the $684 million loss a quarter earlier. #IREN #AI #DataCenter #Cloud #Stocks #Bitcoin #Crypto #Zimbuck

🚨 BREAKING: Bernstein just slashed price targets on seven bitcoin miners by 35% to 54%. The trigger: Democrat Gina Hinojosa's surprise win in the Texas governor's race — she wants to pause new data-center approvals until rules protect residents from higher power and water costs. More than half of the power capacity held or planned by the miners Bernstein covers sits in Texas, and financing conditions have tightened. The cuts: IREN $100 → $55, CleanSpark $24 → $11, Riot $35 → $18, TeraWulf $36 → $20, Core Scientific $32 → $19, MARA $17 → $10, Cipher Mining $23 → $15. Source: CoinDesk, Nov 4, 2026. #Bitcoin #BitcoinMining #IREN #MARA #Riot #CleanSpark #CryptoNews #StockMarket #Zimbuck