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.
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'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 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.