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Stock Market Today, Oct. 12: Iren Surges on Reports of Anthropic Cloud Services Deal

The Motley Fool·
Stock Market Today, Oct. 12: Iren Surges on Reports of Anthropic Cloud Services Deal

Iren, an AI cloud and data center operator, closed down 1.11% at $34.80 on October 12, 2026, after early reports of a multiyear cloud services agreement with Anthropic. The company continues its pivot from cryptocurrency mining to AI cloud infrastructure, with AI Cloud Services revenue increasing eightfold year-over-year. Trading volume surged 13% above average as investors monitor AI infrastructure demand and capacity monetization.

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