Iren Stock: $9.7 Billion Microsoft Contract Drives Analyst Upgrade

TLDR Iren Limited landed a $9.7 billion five-year GPU cloud agreement with Microsoft Canaccord boosted IREN price target from $42 to $70 while keeping buy rating Microsoft will prepay 20% upfront to help Iren purchase Nvidia GB300 GPUs Revenue hit $240.3 million last quarter, jumping 355% year-over-year Sweetwater 1 facility coming in 2026 represents next [...]

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