$IREN

IREN Ltd. (NASDAQ:IREN) shares rose more than 10% after Microsoft (NASDAQ:MSFT) accepted Horizon 1, the first of four AI data centers under a five-year, $9.7B cloud services deal. Horizon 1 is a 50MW Nvidia (NASDAQ:NVDA) GB300 deployment in Texas. Acceptance starts testing and monthly invoicing; all four are expected to annualize about $1.94B revenue.

AI infrastructure stocks rose Wednesday after strong earnings from Supermicro (SMCI) and AI cloud providers CoreWeave (CRWV) and Nebius (NBIS). Supermicro’s Q4 beat and forecast lifted shares over 6%. Nebius revenue topped expectations, while CoreWeave’s results showed accelerating demand and a surging backlog. Lumentum (LITE) revenue more than doubled to $1.01B, lifting peers and memory/storage ETFs.

The article discusses how “AI spending 2026” figures differ by definition. It cites about $2.6 trillion in broad global AI spending or commitments, versus about $725 billion in 2026 capex expected from Amazon, Alphabet, Microsoft, and Meta. It also references Reuters and Nikkei estimates of future lease obligations totaling roughly $1.09 trillion to $1.65 trillion, highlighting off-balance-sheet commitments.

The article says Mark Cuban warned that Nvidia is “funding everyone” in the AI boom and links the comment to IREN’s surge. IREN’s shares rose 138% over 12 months. It reported Q3 2026 results: EPS -$0.30 vs -$0.21 forecast, revenue $144.8B, net loss $247.8M. AI cloud revenue rose 94% to $33.6M; BTC revenue fell 34% to $111.2M. Analysts raised targets, with H.C. Wainwright to $90.

Iren (IREN) rose about 3% on Thursday after announcing it delivered a 50-megawatt AI compute deployment at its Childress, Texas campus for Microsoft. The first stage supports a five-year cloud services contract valued at $9.7 billion. Iren said Nvidia granted Exemplar Cloud status to the GB300 NVL72 architecture and reiterated targets of 480 MW in 2026 and 1.2 GW in 2027.

IREN (NASDAQ:IREN) shares rose about 5% after the company said its first AI cloud installation for Microsoft (NASDAQ:MSFT) was delivered and accepted. The Horizon 1 project is the first of four 50 MW deployments at its Childress, Texas site, with systems to be delivered to Microsoft in 2026 under a five-year $9.7B agreement. IREN also received NVIDIA (NVDA) Exemplar Cloud status for testing its GB300 NVL72 system, targeting 480 MW AI capacity in 2026 and 1.2 GW in 2027.

Iren Ltd. (NASDAQ:IREN) is shifting from Bitcoin mining to a neocloud model, selling AI compute using its own power infrastructure and GPUs. Bernstein reiterated an Outperform rating and set a $100 price target, citing higher revenue per MW versus colocation. The article cites Microsoft’s Horizon 1 data center handoff and NVIDIA “Exemplar Cloud” status, but notes execution and capex risks ahead of earnings.

IREN shares rose about 6% to $46.42 after Microsoft accepted IREN’s Horizon 1 data center handoff in Childress, Texas, starting monthly invoicing under a five-year, $9.7 billion cloud services deal. NVIDIA granted Horizon 1 “Exemplar Cloud” status. IREN targets 480MW AI capacity in 2026 and expects ~$1.94B annualized run-rate revenue from the contract.

IREN Limited shares rose about 12% after the company said Horizon 1, the first of four 50MW direct-to-chip liquid-cooled AI Cloud deployments, was delivered and accepted by Microsoft, according to IREN. The stock was around $48.71 on Nasdaq, up 11.53%, after opening near $45.97.

IREN shares rose about 10% after Microsoft accepted the first AI data center deployment under a deal reportedly under $9.7 billion. Microsoft has a five-day testing window; acceptance starts a service term and monthly invoicing. Nvidia granted Horizon 1 Exemplar Cloud status. The contract is expected to annualize about $1.94B revenue; IREN reported $58.3M AI Cloud revenue in nine months through March and targets over $4B by year-end.