Investment
Features
FeesSafety
Academy
More
Pluang+

IREN shifts from Bitcoin mining to AI cloud, securing $9.7B Microsoft deal and $3.6B GPU financing.

Market News
24 Mar 2026
Seeking Alpha
View Source
Bullish
pluang ai news

IREN Limited is rapidly transforming from a Bitcoin mining company into a vertically integrated AI compute powerhouse. It owns key infrastructure including power and GPUs, allowing faster deployment and higher margins compared to competitors. The company reported $17.3 million in AI Cloud Services revenue in Q2 2026 with an 86% gross margin. Major partnerships include a $9.7 billion deal with Microsoft and $3.6 billion in GPU financing, positioning IREN for strong growth. Analysts rate IREN a Buy for long-term investors due to its execution, capital strength, and growth potential if GPU deployment targets are met.

More News (IREN)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App