IREN Ltd. snapped a seven-day losing streak on Monday, surging as much as 21 percent in intra-day trading to $40.77, as investors drew excitement from its higher annualized run-rate revenue (ARR) target of $4 billion. Photo by Brett Sayles on Pexels1.2 GW Target in 2027IREN Ltd. (NASDAQ:IREN) co-founder and co-CEO Daniel Roberts highlighted the company's rapid expansion of AI cloud capacity as it aims to broaden its customer base across hyperscalers, enterprises, and AI developers. "IREN remains selective in allocating capacity ahead of commissioning, prioritizing diversification and growth across its customer base and platform layers. Institutional Participation RisesMore institutional investors appear to be increasing their exposure to IREN Ltd. (NASDAQ:IREN). This signaled that while more professional investors seek exposure to its stock, larger allocations remain limited as investors reassess AI-related valuations across the sector.