Iren Limited: Powering AI Cloud & Bitcoin
Update: 2025-12-05
Description
Iren Limited, an Australian company known for Bitcoin mining, is revolutionizing the AI industry with next-generation data centers and graphics processing unit clusters. Theyve secured a five-year lease with Microsoft, a deal that Morgan Stanley sees as a promising model for future investments. Irens stock has surged nearly 355% this year, driven by growing demand for data center services. Despite a first-quarter loss, their operational performance shows strength, with revenue up 355% and net income improving significantly.
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