IREN Stock Jumps 25% After Securing $9.7 Billion Microsoft AI Deal

TLDR IREN signed a $9.7 billion five-year deal with Microsoft to provide AI cloud capacity using Nvidia GB300 GPUs IREN’s U.S.-listed shares jumped 25% in premarket trading following the announcement The agreement includes a 20% prepayment from Microsoft that will be credited in years three through five IREN entered a separate $5.8 billion agreement with [...]

The post IREN Stock Jumps 25% After Securing $9.7 Billion Microsoft AI Deal appeared first on Blockonomi.