Tagged: iren

Bernstein Says IREN’s AI focused Buildout May Have Raised Concerns Among Investors

IREN’s (NASDAQ: IREN) latest results marked a turning point in its transformation from bitcoin miner to AI cloud operator. They also left some shareholders uneasy. After the company outlined fiscal 2027 capital spending of $25 billion to $30 billion, Bernstein argued that the size of… Read More

IREN Announces $9.7B AI Cloud Contract with Microsoft

IREN Limited (NASDAQ: IREN) announced it has signed a multi-year GPU cloud services contract with Microsoft. IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a 5-year term, with a total contract value of approximately “$9.7 billion, including a 20% prepayment.” IREN has… Read More

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