NasdaqGS:IRENSoftware
IREN (IREN) Is Up 24.3% After Landmark Microsoft AI Cloud Deal Reshapes Its Business Mix
In recent weeks, IREN’s repositioning toward AI infrastructure has gained momentum, anchored by a five‑year, roughly US$9.70 billion AI cloud services contract with Microsoft and backed by large convertible note and equity financings to fund GPU‑rich data centers.
These developments mark a shift in IREN’s business mix from primarily Bitcoin mining toward long‑duration, enterprise AI cloud revenue, tying its fortunes more closely to hyperscaler demand than to crypto cycles.
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