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0.00214018191546277 -0.00187265917602997 -0.00802568218298567 -0.00428036383092573 -0.0149812734082398 -0.0101658640984484 0.0112359550561798 0.0184590690208667
Stock impact report

IREN Recasts Bitcoin Miner Roots Into AI Cloud Partner For Microsoft [Yahoo! Finance]

Core Scientific, Inc. (CORZ) 
Company Research Source: Yahoo! Finance
IREN (NasdaqGS:IREN) is shifting its focus from Bitcoin mining to AI data center infrastructure. The company has entered a multi year AI cloud partnership with Microsoft. IREN is deploying large scale Nvidia GPU capacity to support AI workloads under this new model. IREN is moving from a pure crypto mining story into a broader AI infrastructure play, anchored by its new agreement with Microsoft and fresh investment in Nvidia GPUs. The stock trades at $48.82, with a value score of 1 and very large gains over the past 1 year and 3 years, while return over the past week is up 32.6% and year to date is up 14.3%. For investors, this creates a different set of business drivers to track than Bitcoin mining alone. The pivot toward AI data centers, supported by a large cloud partner and purpose built GPU deployments, gives IREN a business profile that is more closely tied to demand for AI compute rather than only crypto pricing. Readers may want to follow how IREN executes on this bui Show less Read more
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