IREN's $9.7B Agreement with Microsoft Draws Doubts as Insiders Sell Shares, Experts Caution
- IREN secured a $9.7B GPU cloud contract with Microsoft, including 20% upfront prepayment, to deploy NVIDIA GB300s over five years. - The deal involves $5.8B in GPU procurement from Dell, with Texas data center deployment starting in 2026 using liquid-cooled infrastructure. - IREN's stock surged 22% pre-market, but faces analyst skepticism over valuation risks and insider sales of 2M shares by co-CEOs. - Institutional investors showed mixed positions, while analysts warned about liquidity strains from pre
IREN Limited (NASDAQ: IREN) has landed a significant multi-year GPU cloud services agreement valued at $9.7 billion with
Funding for the project will come from a combination of existing cash reserves, customer prepayments, operational income, and additional financing, as noted by
Following the news, IREN’s stock price jumped nearly 22% in pre-market trading, reaching $74.15, according to Nasdaq. This comes after a turbulent year for the company, which shifted its focus from
Despite the optimism surrounding the contract, insider share sales have drawn attention. Co-CEOs William and Daniel Roberts each sold one million shares in September, earning $33.1 million, according to The Globe and Mail. Institutional investors have taken different approaches: FMR LLC acquired 8.6 million shares in Q2 2025, while D. E. Shaw & Co. exited its position entirely, as reported by Quiver Quant. The stock’s recent trajectory has been compared to that of Core Scientific, whose investors are wary of a proposed $9 billion merger with CoreWeave, according to
IREN’s move into AI infrastructure has made it a significant contender in the rapidly growing cloud computing sector. The company’s 3GW secured power assets in North America and collaborations with industry leaders like Microsoft highlight its competitive edge, as noted by Investing.com. However, analysts warn that heavy reliance on prepayments and financing could put pressure on liquidity, especially if project rollouts are delayed, Quiver Quant cautions.
As competition in AI accelerates, IREN’s success in delivering on this $9.7 billion contract—and maintaining trust with both investors and partners—will be essential for its future growth.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
DeFi's Security Challenges Confront Hong Kong's Efforts to Regulate for International Liquidity
- DeFi protocol Balancer lost $128.6M via a V2 pool exploit, triggering pool pauses and a 4% BAL token drop. - Hong Kong's SFC now allows licensed crypto exchanges to access global liquidity pools, easing ringfenced rules to boost market competitiveness. - Ethereum stablecoins hit $2.82T in October volume, with USDC and USDT dominating as traders seek yields amid market volatility. - Hong Kong's reforms align crypto rules with traditional finance, exempting licensed tokens from trading history requirements
SHIB's Legal Victory vs. Lack of Utility: The Meme Coin's Challenging Journey
- Shiba Inu (SHIB) joins FTSE Grayscale's crypto framework under "Consumer & Culture," aligning with SEC standards for ETP eligibility. - Despite regulatory validation, SHIB faces utility challenges: Shibarium's TVL remains below $1M, and its "meme coin" label deters institutional adoption. - Community resilience shows in record token burns, but analysts warn price targets depend on ecosystem growth, partnerships, and deflationary progress. - Market shifts toward AI/DePIN projects highlight SHIB's uphill b
Ethereum News Update: Ethereum Constructs the Pathway: Institutions Enter the On-Chain Financial Age
- Ethereum Foundation launches "Ethereum for Institutions" portal to accelerate institutional blockchain adoption, offering technical resources and partnerships with BlackRock, Visa, and Coinbase. - Platform highlights privacy tools (ZK proofs, FHE) and 75% RWA tokenization dominance, enabling compliant applications and 24/7 transparent settlements for institutions. - Portal emphasizes Ethereum's staking ecosystem ($50B secured on Layer-2s) and 67% DeFi TVL share, positioning it as the settlement layer for
Bitcoin News Update: IREN Redirects $9.7B from Mining to AI Cloud, Supporting Microsoft's Growth
- Microsoft and IREN signed a $9.7B multi-year deal to deploy NVIDIA GB300 GPUs at Texas facilities, accelerating Microsoft's Azure AI expansion amid global GPU shortages. - IREN is transforming its 750MW campus into a liquid-cooled AI data center, securing $5.8B in GPU procurement from Dell to support 200MW of AI workloads by 2026. - The partnership drives IREN's pivot from Bitcoin mining to AI cloud infrastructure, boosting its stock over 500% this year while reflecting broader industry shifts toward ene
