Iren Limited: Powering AI Cloud & Bitcoin

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.