NasdaqGS:IRENSoftware
Why IREN (IREN) Is Up 15.4% After Microsoft AI Cloud Deal And New Equity Shelf
Earlier this month, IREN Limited filed a shelf registration for approximately US$661.0 million covering 17,500,000 ordinary shares in an ESOP-related offering, while advancing its shift from Bitcoin mining toward AI cloud infrastructure under a multi‑year AI data center contract with Microsoft.
This combination of fresh equity capacity and a large, long-term hyperscaler agreement underlines how IREN is funding and scaling its move into high-performance AI compute services alongside its...