IREN Secures $3.6B Microsoft GPU Deal Amid Q2 Earnings Shortfall
IREN reports Q2 FY26 losses of $0.52/share, missing estimates by 280% as company transitions from Bitcoin mining to AI cloud services with $3.6B GPU financing secured.
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Citigroup Predicts Major Crypto Rally: Bitcoin to Hit $143K, Ethereum $4.3K
Citigroup forecasts bitcoin reaching $143,000 and ethereum $4,304 within 12 months, citing regulatory improvements and growing adoption despite recent market volatility.
Citizens JMP Launches Bullish Coverage on Four High-Power Infrastructure Players
Citizens JMP initiated coverage on Nebius, Iren, Riot Platforms, and Cipher Mining with Outperform ratings, citing critically scarce power supply for high-performance computing and AI as a major growth driver.
IREN Lands Massive $9.7 Billion AI Deal with Microsoft
IREN secures a historic $9.7 billion GPU cloud services contract with Microsoft to power AI infrastructure with NVIDIA's latest technology at their Texas facility.
Trump Administration Pushes 60-Day Fast-Track for Data Center Power Connections
Trump's energy secretary proposes 60-day approval process for data center grid connections, down from years-long waits, to boost AI development and compete with China.
IREN Supercharges AI Cloud: Doubling Capacity and Targeting Half a Billion in Revenue!
IREN doubled its AI GPU fleet to 23,000 by investing $674M in top chips (NVIDIA/AMD). They now aim for over $500M in yearly revenue by early 2026 as global demand for fast compute power continues to surge, showing the strength of their platform.