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Nov 3, 2025 12:10 PM

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

IREN Ltd (NASDAQ:IREN) and Cipher Mining Inc. (NASDAQ:CIFR) burst into the spotlight on Monday with multi-billion-dollar deals that are reshaping the AI infrastructure arms race. 

As demand for AI-driven computing skyrockets, infrastructure providers are partnering with tech giants and cloud leaders as hyperscale AI projects secure the power and hardware they need.

CIFR stock is soaring. Watch the real-time price action here. 

IREN’s Landmark Microsoft Deal

IREN secured a five-year, $9.7 billion contract with Microsoft Corp. (NASDAQ:MSFT) to provide access to Nvidia's latest GB300 GPUs for cloud-based AI services

The agreement includes a 20% prepayment from Microsoft and commits IREN to purchasing $5.8 billion in Nvidia GPUs and related ...