iren share price: IREN stock share price today rises after $9.7 billion Microsoft GPU cloud services deal. Here’s companies statements, stock price performance and deal’s impact on AI and cloud infrastructure market
IREN stock share price today jumped after the company confirmed a long-term cloud services deal with Microsoft. The $9.7 billion agreement focuses on GPU cloud infrastructure using NVIDIA GB300 processors and will strengthen IREN’s position in the AI data center market.
IREN stock share price today rises after Microsoft contract
Shares of IREN climbed more than 20% in pre-market trading on Monday after the company revealed a multi-year GPU cloud services contract with Microsoft worth around $9.7 billion.
Under the five-year deal, IREN will provide Microsoft with access to NVIDIA GB300 GPUs. The agreement positions IREN among the key suppliers in the high-performance computing (HPC) and AI infrastructure market. Microsoft will prepay…
