AI Cloud Deal
IREN’s stock surged 30% following the announcement of a $9.7 billion AI cloud partnership with Microsoft. This significant deal marks a major milestone for IREN. The collaboration is expected to enhance IREN’s capabilities in artificial intelligence and cloud services. Investors reacted positively, reflecting confidence in the potential growth and innovation stemming from this partnership. The deal positions IREN strategically within the tech landscape, aligning it with a leading technology giant.
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