Reported about 9 hours ago
IREN's shares surged nearly 600% in 2025 after announcing a $9.7 billion deal with Microsoft to enhance AI data center capabilities. The partnership will see Microsoft access Nvidia chips through IREN, which is also investing $5.8 billion in Nvidia equipment from Dell Technologies. This strategic shift reflects IREN's pivot towards capitalizing on the growing demand for AI infrastructure.
Source: YAHOO