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Iren shares rise about 9% after first Microsoft cloud deployment and Nvidia Exemplar Cloud recognition

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IREN shares rose after completing the first Microsoft cloud deployment under its five-year $9.7B agreement and receiving Nvidia Exemplar Cloud validation for a GB300 NVL72 deployment, strengthening credibility among hyperscalers. The news highlights IREN's power-backed data center strategy and accelerating cloud ARR, even as recent earnings and revenue missed expectations. Near-term focus is likely to shift toward execution quality, capacity buildout, and customer conversion.
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NCSKIREN2USD/USDT+0.96%
AI تجزیاتی سمجھ · NCSKIREN2USD/USDTAI تجزیاتی سمجھ
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⚠️ AI سے تیار کردہ تجزیاتی سمجھ خبروں کے مواد پر مبنی ہے اور صرف معلوماتی مقاصد کے لیے فراہم کی گئی ہے۔ یہ سرمایہ کاری کا مشورہ نہیں ہے اور نہ ہی BingX کے خیالات کی نمائندگی کرتی ہے۔ سرمایہ کاری میں رسک شامل ہے۔ براہ کرم ذمہ داری سے ٹریڈ کریں۔
Sydney-based Iren Limited has completed the first cloud deployment for Microsoft under a five-year, $9.7 billion contract signed in November last year. The company also received Nvidia’s Exemplar Cloud status for its GB300 NVL72 deployment. Iren said its cloud annual recurring revenue has reached $3.7 billion and it has secured $2.8 billion in contracts with AI customers including Microsoft, Nvidia, Perplexity, Figure AI and Fireworks AI. IREN shares are up about 9% this week, lifting its market value to $15.6 billion and bringing its year-to-date gain to 19%.