IREN Stock Soars 30% Following AI Cloud Partnership with Microsoft

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

BTC-0.715%

AI-3.235%

CLOUD-4.38%

Source: Coinmarketcap

Updated: Nov 03 2025

IREN's Major AI Cloud Hosting Deal: Bitcoin miner IREN's shares surged nearly 30% after announcing a $9.7 billion AI cloud hosting agreement with Microsoft, marking a strategic shift towards AI and cloud computing.
Partnerships and Infrastructure Development: IREN will provide Microsoft with access to advanced Nvidia GPUs and plans to build liquid-cooled data centers to enhance energy efficiency for AI workloads, alongside a $5.8 billion deal with Dell for GPU equipment.
Revenue Growth and Market Position: IREN reported $86 million in revenue for July, surpassing major competitor MARA Holdings in Bitcoin production, indicating a strong recovery in investor sentiment and a diversification of revenue streams beyond Bitcoin.
Investor Confidence Restoration: Following criticism of being overvalued, IREN has regained investor confidence, demonstrating significant growth potential through its partnerships and operational improvements in the AI and data infrastructure sectors.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

IREN Stock Soars 30% Following AI Cloud Partnership with Microsoft

About the author

Top News

Oil Firms Cautious on Venezuela Investment Push

GM Reports $7.1 Billion Charge Amid EV Shift

Stock Market Wraps 2025 with Double-Digit Gains

Novo Nordisk's Weight-Loss Pill Approval: Key Impacts

Related Articles

Tesla Plans to Discontinue Premium Models

Microsoft Q2 Earnings Exceed Expectations

People Also Watch