IREN Shares Rise After $9.7 Billion AI Cloud Deal With Microsoft

IREN Limited (NASDAQ:IREN) shares are trading higher on Wednesday after the company recently signed a $9.7 billion AI cloud services agreement with Microsoft to deploy NVIDIA GB300 GPUs across its 750 MW Texas campus. • IREN is poised for a potential breakout. Check the market position here.What To Know: IREN announced it entered into a multi-year GPU cloud services contract with Microsoft, providing access to NVIDIA GB300 GPUs over a five-year term. The agreement carries a total contract value of approxima ...