IREN Secures Major Deal with Microsoft for Cloud Services: Stock Soars

Bitcoin mining firm IREN has secured a groundbreaking $9.7 billion agreement with Microsoft to provide cloud computing services in Texas. The announcement sparked a significant surge in IREN’s stock price, which jumped over 20% in pre-market trading, currently reaching $72.9 per share. The company plans to invest another $5.8 billion in acquiring GPUs and related equipment from Dell for its cloud infrastructure expansion.