US Stock Market Move | Encrypting mining companies have increased their gains, IREN (IREN.US) up nearly 7%

On Wednesday, the cryptocurrency mining sector saw an increase in prices, with IREN (IREN.US) rising nearly 7%, TeraWulf (WULF.US) rising over 4%, Applied Digital (APLD.US) rising over 3%, Hut 8 (HUT.US) rising over 2%, and Cipher Digital (CIFR.US) rising nearly 1%. In recent news, IREN recently reached a milestone procurement agreement with Dell Technologies, Inc. Class C (DELL.US). According to the agreement, IREN will purchase over 50,000 NVIDIA Corporation (NVDA.US) Blackwell architecture B300 GPUs, greatly expanding its total GPU holdings to 150,000. The total value of this procurement contract is as high as $3.5 billion, marking a key step in the company's transformation from a bitcoin mining enterprise to a leading global AI computing infrastructure provider.