US Stocks News: IREN surges on October 2nd driven by APLD expansion and AI cloud sector
Bitget异动解读2026/10/02 14:10IREN October 2nd Surge Analysis
Keywords: APLD Expansion, AI Cloud Sector
1. On October 2nd, 75MW was newly added by Polaris Forge 1, a subsidiary of Applied Digital, entering the operational phase. With the campus fully operational, the leased capacity reached 250MW, driving transactions within the artificial intelligence data center sector. IREN's share price rose along with the sector; available information indicates it lacks company-specific catalysts.
2. On October 2nd, the US-listed crypto mining sector as a whole strengthened, with 13 out of 14 constituent stocks rising and 1 declining. IREN, which has shifted from crypto mining to a vertically integrated AI cloud services platform, focuses on data centers, computing power, and software, operating approximately 40MW of AI cloud capacity.
(Disclaimer: This content is generated by AI technology based on publicly available information and is for reference only. It does not constitute investment advice.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
RSM Chief Economist expects the Federal Reserve to hold rates steady in October and raise by 25 basis points in December
RSM US Chief Economist Joseph Brusuelas stated: "A 'low hiring, low layoffs' U.S. job market remains our baseline view, and we expect the pace of hiring to stay sluggish going forward. The minor increase in the unemployment rate was mainly caused by statistically insignificant noise, and at present, describing the U.S. labor market as 'full employment' remains most appropriate. The weak pace of hiring, along with fluctuations in the domestic labor force data, should support members within the Federal Reserve who advocate maintaining the federal funds rate unchanged at the upcoming October meeting. The September data suggest that the risk of a second round of inflation triggered by wage increases is very small or even non-existent. In fact, employment is simply not a concern for the Fed’s policy objectives at this time. Our baseline judgement for the direction of monetary policy remains: no rate hike in October, a 25-basis-point hike in December, followed by another 25-basis-point hike in March 2027."
China’s first deepwater oil field, Liuhua Oil Field, achieves a new breakthrough
Crypto prices
More
