Microsoft $9.7 Billion AI Cloud Partnership With Bitcoin Miner IREN Boosts Stock

Technology giant Microsoft has entered into a groundbreaking $9.7 billion artificial intelligence cloud computing agreement with IREN, a prominent Bitcoin mining company. This strategic partnership will see IREN provide substantial computing capacity to support Microsoft's expanding AI cloud services. The announcement has generated significant positive market momentum for IREN's stock, reflecting strong investor confidence in the convergence of Bitcoin mining infrastructure and enterprise AI solutions. This deal represents one of the largest corporate AI collaborations in recent years and highlights the growing demand for high-performance computing resources in the artificial intelligence sector.