Anthropic's Australian Data Center Tender Puts IREN Among Key Contenders: Report

IREN Limited (NASDAQ: IREN ) stock climbed about 6% in Monday’s premarket session as improving risk appetite lifted growth stocks.

Nasdaq futures rose 1.11%, while S&P 500 futures gained 0.46%.

The rebound followed a sharp decline in the previous session, when the stock closed down 10.39% on Thursday.

Anthropic Data Center Tender Puts IREN in Spotlight Investor sentiment also improved after The Australian Financial Review’s Street Talk reported that Anthropic is seeking at least 1.4 gigawatts of Australian data center capacity in a project valued at $12 billion to $15 billion.

The confidential tender includes IREN among a shortlist of bidders alongside CDC Data Centres, AirTrunk, NextDC and Stack Infrastructure.

Anthropic is targeting at least 1GW of operational capacity by the end of 2027 and may split the project among several providers rather than selecting a single partner.

The report said Infratil-owned CDC Data Centres is expected to secure the largest share if multiple contracts are awarded.

Monday’s gains reflected both improving market sentiment and renewed optimism around AI infrastructure demand.

Traders also appeared to view last week’s sell-off as a buying opportunity.

The Anthropic report offered a company-specific catalyst after a difficult stretch for AI-focused bitcoin miners, which have faced concerns about rising competition, higher infrastructure costs and growing funding requirements.

Read Also: Bitcoin Mining Stocks IREN, RIOT, and MARA Slide as AI Pivot Faces Fresh Headwinds IREN Technical Analysis Despite Monday’s rebound, IREN remains below key moving averages.

The stock trades 23.2% below its 20-day simple moving average, 24.9% below its 50-day SMA, 14.4% below its 100-day SMA and 16.7% below its 200-day SMA.

Momentum indicators remain cautious.

The MACD sits below its signal line with a negative histogram, suggesting buying momentum has yet to strengthen.

The 20-day SMA remains below the 50-day SMA, reflecting near-term weakness.

However, the 50-day SMA remains above the 200-day SMA following a golden cross in May, preserving the longer-term bullish trend.

Key resistance stands near $45.50, while support is around $36.

Earnings And Analyst Outlook IREN is expected to report earnings on Aug.

27, 2026.

Wall Street expects a loss of 38 cents per share on revenue of $165.16 million, compared with a loss of 66 cents per share and revenue of $187.30 million a year earlier.

The stock trades at about 50.4 times earnings.

Analysts maintain a consensus Buy rating with an average price forecast of $81.75.

Recent actions include Jefferies initiating coverage with a Buy rating and a $79 price forecast on June 18, Macquarie maintaining an Outperform rating with a $90 price forecast on June 4, and B.

Riley Securities raising its price forecast to $96 while reiterating Buy on June 4.

IREN Edge Rankings Edge gives IREN a Momentum score of 90.82, indicating strong relative strength despite the recent pullback.

Its Value score of 21.73 suggests the stock continues to trade at a premium relative to peers.

ETF Exposure The Global X Blockchain ETF (NASDAQ: BKCH ) allocates 11.45% of its portfolio to IREN.

As a result, fund inflows and outflows can influence trading activity in the stock.

IREN Price Action IREN Stock Price Activity: IREN shares were up 6.08% at $41.18 during premarket trading on Monday, according to Pro data.

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