Bitcoin Miners IREN, Cipher Rise After Multi-Billion-Dollar Microsoft, Amazon Deals

IREN stock rocketed up after the former Bitcoin miner and data center company said it had inked a $9.7 billion deal with Microsoft in the latest transaction between a Magnificent Seven firm and crypto infrastructure provider.  Sydney, Australia-based IREN, which has pivoted to AI cloud computing, shot up to nearly $73 per share Monday morning New York time—a nearly 21% rise. IREN has since settled at around $67.30.   The deal will allow Microsoft to access to Nvidia's  NVIDIA GB300 GPUs as it presses ahead ...