Microsoft has signed a $9.7 billion deal with data center operator and former Bitcoin miner IREN, sending both firms' stock soaring.

Microsoft's (MSFT) nearly $10 billion deal with former bitcoin miner IREN (IREN) for data center capacity underscores how the crypto mining industry's pivot to artificial intelligence is paying off.

Bitcoin miner IREN signs a $9.7 billion AI cloud contract with Microsoft, further solidifying its expansion into ...

The pivot from bitcoin mining to artificial intelligence infrastructure is accelerating, as tech giants like Microsoft and Amazon sign ...