iren share price: IREN stock share price today rises after $9.7 billion Microsoft GPU cloud services deal. Here’s companies statements, stock price performance and deal’s impact on AI and cloud infrastructure market

IREN stock share price today rises after Microsoft contract

Shares of IREN climbed more than 20% in pre-market trading on Monday after the company revealed a multi-year GPU cloud services contract with Microsoft worth around $9.7 billion.
Under the five-year deal, IREN will provide Microsoft with access to NVIDIA GB300 GPUs. The agreement positions IREN among the key suppliers in the high-performance computing (HPC) and AI infrastructure market. Microsoft will prepay 20% of the total contract value, giving IREN a financial boost as it expands its data center operations.

$9.7 billion Microsoft GPUs deal

IREN said the GPUs will be sourced through a $5.8 billion agreement with Dell Technologies. These GPUs and related equipment will support the growing need for artificial intelligence and cloud capacity.

The hardware will be installed at IREN’s 750-megawatt Childress, Texas campus. The site is being developed into a liquid-cooled AI data center complex capable of supporting 200 megawatts of critical IT load. Deployment will take place in phases and is expected to continue through 2026.

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IREN said it will fund the capital expenditure through a mix of cash reserves, customer prepayments, operating cash flow, and new financing plans.

IREN and Microsoft Statements

IREN co-founder and co-CEO Daniel Roberts said the deal demonstrates the scalability of the company’s vertically integrated AI cloud platform. He called the partnership a milestone for IREN’s AI infrastructure strategy. Jonathan Tinter, Microsoft’s president of business development and ventures, said the collaboration would deliver efficient AI infrastructure for Microsoft customers. He added that IREN’s power capacity and vertically integrated operations were key reasons for the partnership.

IREN shifts focus beyond bitcoin mining

The agreement marks a shift in IREN’s business model. Known as one of the top three public bitcoin mining companies by realized hashrate, IREN is now expanding into artificial intelligence and data center infrastructure.

This move reflects a broader trend in the tech sector, where energy-intensive bitcoin mining companies are transitioning toward AI infrastructure, which offers long-term revenue stability and strong industry growth potential.

IREN stock share price today performance

As of Monday’s pre-market session, IREN’s shares were trading at $73, up from Friday’s close of $60.75. The surge reflects investor optimism following the Microsoft contract announcement.

The company’s shares rose approximately 18% to 20% after the news, signaling confidence in IREN’s shift toward AI cloud infrastructure and its strategic collaboration with Microsoft.

Impact on AI and cloud infrastructure market

The deal supports Microsoft’s ongoing efforts to expand AI and cloud capacity amid rising demand across industries. Tech companies are facing challenges in meeting AI computing needs, and partnerships like this aim to fill that gap.

IREN’s involvement in providing high-performance GPU infrastructure adds another major supplier to the growing AI hardware ecosystem.

FAQs

Q1: What caused IREN stock share price today to rise?
IREN stock share price today increased after the company announced a $9.7 billion GPU cloud services contract with Microsoft for NVIDIA GB300 processors and data center expansion.

Q2: Where will IREN deploy the GPUs for Microsoft?
IREN will install the GPUs at its 750-megawatt Childress, Texas campus, which is being developed into a liquid-cooled AI data center complex through 2026.