In the pre - market trading session in the United States, IREN's stock witnessed a remarkable and abrupt spike, soaring by more than 20%. Currently, it is trading at $72.9 per share. On the news front, there's a significant development. The company has inked a monumental deal worth $9.7 billion with Microsoft. Under this agreement, IREN will offer cloud computing services in the state of Texas and also supply NVIDIA GB300 GPUs. In American business culture, such large - scale partnerships between tech giants are often seen as major catalysts for growth and can significantly impact a company's stock performance, as is evident in this case.
