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News  ›  Benzinga

IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next?

Benzinga Logo Benzinga By Erica Kollmann
IREN, Cipher Bag Billion-Dollar AI Deals: Which Company Is Next?

IREN and Cipher Mining secured massive AI infrastructure deals with Microsoft and Amazon/Google respectively, signaling a significant expansion in AI data center capabilities and GPU resource acquisition.

Insights
IREN   positive

Secured a $9.7 billion, five-year contract with Microsoft, including prepayment and commitment to purchasing advanced Nvidia GPUs