IREN Surges 14.8% as Bitcoin Miners Draw AI Infrastructure Money
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Bitcoin miners are trading like AI infrastructure plays now, with IREN catching a fresh wave of capital rotation into the sector.
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IREN opened the session at $32.43 and climbed to $37.235 during regular trading hours, a gain of nearly 14.8% that reflects a broader shift in how the market is pricing Bitcoin miners. Investors are increasingly treating companies like IREN as AI infrastructure plays rather than pure-play crypto names, and that reframing is pulling fresh capital into the sector.
The intraday chart shows the bulk of the move happened early in the session, with IREN vaulting from its open toward the $37 range within the first hour and holding that territory for most of the day. The stock touched a session high near $37.80 before settling into a tight range, suggesting buyers were committed rather than chasing a fleeting spike.
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What to watch is whether the capital rotation that lifted IREN today proves durable. If the market continues to value large-scale compute infrastructure — regardless of whether it is used for mining or AI workloads — miners with significant power and data center capacity stand to benefit from a wider investor base than they have historically attracted.
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Mentioned: IREN