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IREN Shares Surge Nearly 20% Following $9.7 Billion Microsoft Cloud Deal
IREN Limiteds shares surged nearly 20% after securing a $9.7 billion cloud computing deal with Microsoft, which underscores the growing demand for artificial intelligence and GPU technology.
- IREN Limited announced a multi-year cloud computing contract with Microsoft, valued at approximately $9.7 billion over five years, boosting investor confidence significantly.
- As part of the deal, Microsoft will gain access to NVIDIA GB300 GPUs, enhancing its capabilities in artificial intelligence and cloud computing services.
- Microsofts agreement includes a 20% prepayment, reflecting its commitment to leveraging IRENs cloud offerings for future projects.
Por Qué Es Relevante
This major deal highlights the escalating competition in cloud computing and artificial intelligence, as companies like Microsoft seek advanced graphics processing unit capabilities to meet growing demands. It also signals IREN Limiteds rising prominence in the tech industry.