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IREN Stock Volatile After Microsoft Data Center Acceptance
IREN experienced significant intraday volatility, surging 6% after Microsoft formally accepted Horizon 1, its first data center under a major contract. The stock later pared its gains. This acceptance marks a crucial step towards billable revenue for IREN's AI infrastructure buildout.
* If Microsoft formally accepts key infrastructure milestones, watch (N:) as a levered play on hyperscale data center buildouts and services revenue realization.
