The article discusses the evolving narrative around IREN, highlighting a slight increase in its fair value estimate and contrasting analyst views—some bullish on its AI cloud potential and others cautious due to execution and financing risks. Major firms have raised price targets based on AI cloud growth and data center expansion, while some remain skeptical about near-term project risks and sector challenges, reflecting a divided outlook on IREN's future.
Iren, a Bitcoin miner and data center provider, has seen its stock more than triple in 2025 due to its strategic position in AI cloud services, securing a $9.7 billion deal with Microsoft and 3 gigawatts of power for its data center pipeline, making it a promising long-term investment despite it not being among the top recommended stocks by Motley Fool.
The article predicts that IREN, an AI data center provider, could lead the next AI stock rally due to its significant contracts and growth potential in AI infrastructure, especially as energy becomes the new bottleneck for AI workloads, with the company poised for rapid revenue expansion by 2026.
Iren announced a $9.7 billion multiyear AI cloud services contract with Microsoft, using Nvidia chips, leading to a significant stock surge. Other bitcoin miners pivoting to AI, like Cipher Mining and Core Scientific, also saw substantial gains, reflecting an AI spending boom that is boosting related stocks and Nvidia's value.
Microsoft has invested $9.7 billion in a deal with Australia's IREN to expand its AI cloud capacity, involving the purchase of Nvidia-powered systems and hardware from Dell, signaling a strategic move to meet surging AI workloads and compete in the global AI infrastructure race.
Microsoft has signed a $9.7 billion, five-year cloud services contract with IREN to access Nvidia chips, aiming to boost its AI capabilities amid growing demand, while also expanding its partnership with OpenAI and investing heavily in cloud infrastructure.
Microsoft has signed a $9.7 billion five-year deal with IREN to purchase AI cloud capacity, including Nvidia accelerator systems, which is expected to generate $1.94 billion annually for IREN and expand Microsoft's AI infrastructure capabilities.
IREN has signed a $9.7 billion multi-year GPU cloud services contract with Microsoft, involving the deployment of NVIDIA GB300 GPUs at IREN's Texas data centers, supported by a partnership with Dell Technologies, marking a significant expansion of IREN's AI cloud services.
Bitcoin miners and Iren's stock surged following Iren's announcement of multiyear AI cloud service contracts involving Nvidia GPUs, boosting AI capacity and revenue projections, while Bitcoin hit a record high of over $126,000, reflecting strong market momentum.
