IREN Jumps 10% as Microsoft Accepts First AI Data Center Under $9.7 Billion Deal
IREN shares jumped after Microsoft accepted the first data center under their $9.7 billion AI cloud deal, marking a major milestone in IREN’s shift from Bitcoin mining to AI infrastructure.
IREN switched from Bitcoin mining to building data centers for Microsoft's AI work, and Microsoft just approved the first one—meaning IREN's big business plan is actually working. When a company completes a major milestone with a huge customer, it shows the company's strategy is on track, which investors find encouraging.
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