IREN's shares rose 6% after Microsoft formally accepted the Horizon 1 AI cloud data center in Texas, triggering the start of the contractual service term and allowing IREN to begin invoicing Microsoft. This milestone is part of a $9.7 billion, five-year cloud services deal with Microsoft, expected to generate about $1.94 billion in annual revenue when fully deployed by 2026. NVIDIA also granted the deployment "Exemplar Cloud" status, enhancing IREN's appeal to other enterprise customers. Investors will watch for further deliveries and revenue growth in upcoming quarters as IREN transitions from Bitcoin mining to AI cloud services.
Shares of AI infrastructure and neocloud companies like Nebius Group and CoreWeave jumped significantly following strong Q2 earnings reports and large contract backlogs. CoreWeave reported a 112.3% revenue increase and doubled adjusted EBITDA, while ...
Riot Platforms' shares rose 17% after announcing a 20-year lease for a 191 MW AI data center at its Texas campus, expected to generate $9.1 billion in revenue through 2048. The lease with Anthropic marks a major shift from Bitcoin mining to large-sca...
TeraWulf's stock has surged 40.82% in 2026, outperforming peers like Applied Digital, IREN, and Core Scientific, thanks to a significant 20-year lease agreement with Anthropic for a data center campus in Kentucky. This deal is expected to generate ab...
