Analyst revamps Bitcoin miner’s stock target by 65% after Microsoft deal

IREN Limited (NASDAQ: IREN), a Bitcoin (BTC) mining and AI cloud company, signed a $9.7 billion GPU cloud services contract with Microsoft (Nasdaq: MSFT) on Oct. 3. Related: Explained: What is sustainable Bitcoin mining? IREN co-founder and co-CEO said, “We’re proud to announce this milestone partnership with Microsoft, highlighting the strength and scalability of our vertically integrated AI Cloud platform." Microsoft's business development and ventures president Jonathan Tinter said, “Together with IRE ...