The deal makes Microsoft IREN’s largest customer, with $1.94 billion in annualized revenue expected over the next five years.

Iren’s Microsoft deal cements its rise as an AI infrastructure leader, but can it keep executing? The post Australian data centre and compute stock surges on US$9.7 billion Microsoft deal appeared ...

Shares of IREN jumped to a record high Monday after the Australian Bitcoin miner and data center company said it inked a $9.7 billion deal with Microsoft.

Microsoft has entered into a $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia's chips.

The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over phases through 2026.

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Datadog is positioned to benefit from accelerating AI-driven cloud workloads, leveraging rapid product innovation in observability and security. Learn more about DDOG stock here.

Now, that all seems to have resolved itself in Microsoft's favor. On Tuesday, OpenAI said it completed its recapitalization ...