The deal makes Microsoft IREN’s largest customer, with $1.94 billion in annualized revenue expected over the next five years.

Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN ...

The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over ...

Analyst Vafi maintains Buy rating on IREN and raises price target to $70 due to 20% prepayment from Microsoft GPU cloud ...

IREN has joined the ranks of large-scale "neocloud" providers, said analyst Brett Knoblach, adding credibility to the company ...

Canaccord raises price target to $70 after $9.7B Microsoft GPU contract. Revenue jumps 355% as bitcoin miner pivots to AI ...

Sweetwater 1 remains a key near-term catalyst as IREN’s AI infrastructure buildout accelerates, the report said.

Shares of IREN Limited ($IREN), the Sydney-based data center operator, rose as high as 6% during the first hours of trading ...

Microsoft recently announced a multi-year US$9.7 billion agreement with IREN Limited to access Nvidia GB300 GPUs through phased deployments at IREN's Texas data center campus, supported by a related ...

Bitcoin mining operation IREN (NASDAQ:IREN) has pivoted hard into artificial intelligence (AI) cloud services, and its latest ...

IREN Limited's $9.7B Microsoft deal and Sweetwater hub expansion could boost AI cloud growth and GPU capacity. Click for my ...

Valuation frameworks are shifting with it. Miners pivoting to AI are trading near $6 million per megawatt of capacity, while pure Bitcoin miners sit closer to $3 million. The premium reflects a simple ...