Key Points Iren is generting cash even as it's expanding its AI infrastructure. That is helping the company transition crypto mining operations into AI cloud infrastructure data centers. Iren has secured a $9.7 billion multi-year AI cloud contract with Microsoft. 10 stocks we like better than Iren › Artificial intelligence (AI) infrastructure names were all the rage in 2025. Iren Limited (NASDAQ: IREN) was one big beneficiary. It seemed to be in the right place at the right time. Its cryptocurren ...