IREN Don Secure $9.7B Microsoft AI Deal, Dem Dey Comot for Bitcoin Mining

IREN, one big Bitcoin miner, don secure five-year $9.7 billion Microsoft AI contract wey give Microsoft access to Nvidia GB300 GPUs for 200 MW of renewable energy data centers. Join dis with $5.8 billion GPU buy deal with Dell Technologies, e show say IREN dey shift from Bitcoin mining go high-power cloud computing. Cantor Fitzgerald analysts raise their price targets, talk say this Microsoft AI deal go help Microsoft avoid big hardware capex and make use of IREN sustainable infrastructure. After dem announce, IREN shares jump over 10% when market open, climb 8.5% intraday and 21.2% pre-market, push market cap reach $16.5 billion and year-to-date gain reach 518%. If all GPUs full deployed, e fit generate up to $1.94 billion yearly revenue, show say industry dey shift as miners dey diversify because margins dey tight.