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Microsoft secures a $9.7 billion multi-year deal with IREN to provide cloud-based GPU services using Nvidia hardware, boosting its data center and cloud offerings.
IREN expands AI cloud services using NVIDIA GPUs, boosting AI compute capacity alongside large Bitcoin mining operations amid rising BTC prices and miner stock gains.
IREN gains from new multi-year AI cloud contracts involving Nvidia GPUs, aiming for $500M ARR by Q1 2026, with strong analyst buy ratings and significant YTD stock rise.