Yahoo Finance·2025-11-03 19:28Group 1: IREN and Microsoft Deal - IREN stock surged nearly 21% to around $73 per share after announcing a $9.7 billion deal with Microsoft, later settling at approximately $67.30 [1] - The agreement allows Microsoft to access Nvidia's GB300 GPUs, supporting its AI ambitions, and also positively impacted Microsoft's stock [2] - IREN's CEO highlighted that the deal validates the company's position as a trusted AI Cloud services provider and opens access to new customer segments among global hyperscalers [2] Group 2: Cipher Mining and AI Workloads - Cipher Mining announced a $5.5 billion, 15-year lease agreement with Amazon Web Services to provide space and power for AI workloads, with a capacity of 300 MW expected by 2026 [3] - The stock of Cipher Mining rose approximately 22% following the announcement [3] - In September, Cipher signed a 10-year, roughly $3 billion high-performance computing colocation agreement with Fluidstack, backed by Google [4] Group 3: Industry Trends - Major tech companies are increasingly forming partnerships with data center firms to secure computing resources as AI demand rises [4] - Bitcoin miners are pivoting their infrastructure to meet the growing demand for AI, leveraging their existing computing power [5] - Google has increased its investment in Bitcoin miner Terawulf, providing an additional $1.4 billion to support project-related debt financing, raising its total stake to $3.2 billion [4]