IREN Secures Massive $9.7 Billion AI Contract with Microsoft, Shifts Focus Toward Cloud Services

IREN, a company known for its Bitcoin mining operations, has signed a groundbreaking $9.7 billion contract with Microsoft to deploy NVIDIA GPUs for AI cloud services. This strategic move marks a significant shift in the company’s focus away from traditional cryptocurrency mining and towards expanding into the booming AI infrastructure market. 📈 The partnership is expected to generate substantial revenue and impact both the cryptocurrency and tech sectors significantly. 💰