IREN Stock Soars as Microsoft Inks $9.7 Billion AI Cloud Partnership With Australian Firm

In a bold move that has reshaped the future of AI infrastructure, Microsoft announced a $9.7 billion partnership with Australian firm Iris Energy, instantly driving up IREN Stock and capturing widespread market attention. This deal gives Microsoft access to high-performance, renewable-powered data centers, while positioning Iris Energy as a key provider in the booming AI ecosystem. Analysts believe this could mark the beginning of a major shift in how technology companies build and host AI models.