Recently, Microsoft signed a deal with Nscale to provide about 200,000 Nvidia AI processors in Europe and also committed $17.4 billion over five years for a similar GPU infrastructure deal from Dutch company Nebius for a new data infrastructure capacity in Vineland, N.J.

IREN secured a $9.7 billion, five-year AI Cloud contract with Microsoft covering 200MW and 20% upfront payment. Read why IREN stock is a Buy.

The bitcoin miner turned AI infrastructure play received three price target raises following yesterday's news, including from Bernstein, which lifted to $125.

IREN Limited (NASDAQ: IREN), a Bitcoin (BTC) mining and AI cloud company, signed a $9.7 billion GPU cloud services contract with Microsoft (Nasdaq: MSFT) on Oct. 3.

IREN Limited's $9.7B Microsoft deal and Sweetwater hub expansion could boost AI cloud growth and GPU capacity. Click for my IREN earnings preview.

Lambda to deliver mission-critical AI cloud compute at scale under a multi-year contract. Lambda, the Superintelligence Cloud, today announced a multibillion-dollar agreement with Microsoft to deploy AI infrastructure powered by tens of thousands of NVIDIA GPUs,