IREN Scores $2.1B Nvidia Investment + 5GW AI Cloud Deal
IREN partners with Nvidia for AI data centers, $3.4B contract and expansion; Nvidia may invest $2.1B; stock jumps.
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IREN Buys Mirantis: $625M Deal Boosts AI Infrastructure & Enterprise Support
IREN is buying Mirantis for $625M to boost its AI cloud, making services faster, easier, and more reliable for businesses.
Oracle-OpenAI Drops Texas Expansion, Meta Steps In
Oracle and OpenAI scrapped plans to expand the Stargate AI data center in Abilene, Texas. Meta now in talks to lease the site, with Nvidia facilitating.
Jim Chanos Sounds Alarm on IREN's Massive $6B Equity Raise Amid AI Pivot
Short-seller Jim Chanos questions IREN Ltd.'s huge $6 billion stock sale plan, highlighting lack of info on current revenue goals amid big expansion.
AI Credit Fears Strike Back: Crushing Data Centers and Speculative Trades
Data center and AI-related stocks like CoreWeave plunged sharply as rising credit risks and heavy spending fears spark a sell-off in speculative tech trades. Investors are pushing back against big capital expenses.
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.