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IREN shares surged 6 percent after Microsoft formally accepted its first artificial intelligence data center, triggering the initial drawdown phase of a $9.7 billion contract revenue agreement.
The contract activation provides immediate visibility into long-term cash flow for GPU cloud operators and demonstrates hyperscaler willingness to lock in multi-year compute capacity commitments.
Trade pressSlicast · August 21, 2026 at 15:01 UTC · US · Source: Pluang
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