IREN's stock is soaring. Why its new Microsoft deal could be 'game-changing.

Core Insights - Microsoft's recent acquisition of a specialized data center for $9.7 billion highlights the increasing importance of such facilities in the AI development landscape [1] Group 1: Industry Trends - The demand for specialized data centers is surging as companies race to enhance their AI capabilities [1] - These data centers provide essential infrastructure that supports the computational needs of AI technologies [1] Group 2: Company Strategy - Microsoft’s investment reflects a strategic move to secure critical resources that will bolster its AI initiatives [1] - The deal signifies Microsoft's commitment to expanding its cloud services and AI offerings [1]