{
  "id": 14057670,
  "title": "Stock Market Today, Oct. 12: Iren Surges on Reports of Anthropic Cloud Services Deal",
  "url": "https://urgent.news/2026/10/12/stock-market-today-oct-12-iren-surges-on-reports-of-anthropic-cloud-14057670",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-12T21:01:15.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/coverage/stock-market-today/2026/10/12/stock-market-today-oct-12-iren-surges-on-reports-of-anthropic-cloud-services-deal/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "On October 12, Iren Limited (NASDAQ:IREN) experienced a surge in its stock price following reports of a multiyear cloud services agreement with AI research lab Anthropic. The company's shares closed at $34.80, marking a 1.11% decrease. However, the early morning news of the partnership caused an immediate boost, lifting Iren's shares to nearly $37 before the market opened. Trading volume reached 48.5 million shares, a significant increase of nearly 13% over its three-month average of 43.0 million shares.\n\nThe S&P 500 (SNPINDEX:^GSPC) and the Nasdaq Composite (NASDAQINDEX:^IXIC) also saw minor declines, with the S&P 500 slipping 0.06% to 7,807 and the Nasdaq Composite falling 0.44% to 27,246. Among peers in the AI cloud and data center infrastructure sector, TeraWulf (TWT) and Cipher Digital (CD) experienced declines of 2.90% and 3.85%, respectively, closing at $13.37 and $13.00 each.\n\nInvestors are closely monitoring the demand for AI infrastructure and the funding requirements to determine if the momentum in AI cloud capacity sales will persist. Iren, a vertically integrated AI cloud and data center operator, went public in 2021 and has since seen a 42% growth since its initial public offering.",
  "summary": "On Oct. 12, 2026, the AI infrastructure operator reportedly signed a multiyear agreement with Anthropic, reinforcing its pivot away from legacy mining operations.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "Stock Market Today, Oct. 12: Iren Surges on Reports of Anthropic Cloud Services Deal",
        "url": "https://urgent.news/2026/10/12/stock-market-today-oct-12-iren-surges-on-reports-of-anthropic-cloud",
        "published": "2026-10-12T21:21:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}