IREN’s Stock Skyrockets After $9.7B AI Cloud Deal – The Buzz, The Bucks & Bytes! 🚀💸

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If you thought Bitcoin was the pinnacle of tech experiments, think again, old sport! IREN, the once humble Bitcoin miner-turned-celebrity in the world of artificial intelligence (yes, really), decided to spice things up with a deal big enough to make Wall Street sit up and snort. To wit: a dazzling $9.7 billion cloud services agreement with none other than Microsoft, the giants who’d probably sell you their desktop if they could figure out how to do it without you noticing. 😏

In a move that can only be described as mildly audacious, Microsoft will wade into IREN’s treasure trove of Nvidia GB300 GPUs, getting access faster than a cheetah on a caffeine buzz, all while splashing out a princely 20% prepayment, because why not? IREN’s big idea? Transition from just mining digital dust into the glittering realm of artificial intelligence, where the real money’s made-if you’re clever enough, or just lucky.

“We’re chuffed to bits about this groundbreaking partnership,” declared Daniel Roberts, IREN’s co-captain and verbal equivalent of a dashing hero in a good suit. “This isn’t just a pat on the back; it’s a prod that says, ‘Look, we’re serious about AI, and Microsoft? Well, they think we’re top-notch.” What a rollicking endorsement! Meanwhile, Microsoft chimed in, offering puffs of their own about building “cutting-edge AI infrastructure,” as if giants like themselves need to sell the idea of being tech trailblazers.

Share prices go on a rollercoaster, and everyone’s watching

Right after the grand announcement, IREN’s stock shot up nearly 30% in pre-market trading-imagine that! from a modest $59.22 all the way to a whopping $78.02, before settling at $73.52, still up a jaunty 21%. It’s enough to make your head spin, especially considering this year alone, the shares have shot up over 566%, probably causing some minor whiplash in the finance world. 📈🤯

The expansion train keeps rolling with a $5.8B Dell bonanza

And just when you thought they might take a breather, IREN announces plans for new liquid-cooled data centers to handle a staggering 200 megawatts of brainpower-more than enough to keep the smartest AI awake at night. Funding? Just a smidge of their cash, prepayments from customers, and a dash of operational income-simple as boiling water for these sparesome muggins.

Why should we all care, aside from the obvious joy of watching companies stumble into the future?

Well, this isn’t just hot air-oh no! It’s part of a larger trend where Bitcoin minters like TeraWulf and Bitfarms are swapping their pickaxes for silicon chips, trying to muscle into the booming AI bazaar. Because, if you can’t make a killing with crypto anymore (thanks to rising costs and energy nightmares), why not dabble in the golden, glittering world of AI and cloud infrastructure? It’s the new gold rush, with a dash of digital dazzle to keep things interesting.

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2025-11-03 22:46