Iren announced a $9.7 billion deal with Microsoft. Applied Digital’s backlog grew to $16 billion. Both companies are focusing on AI-infrastructure. Iren and Applied Digital started in crypto and now pivot to AI. Iren’s stock is up 400%, while Applied Digital’s revenue increased 250%. Investors should consider cash flow predictability versus upside potential. Iren recently secured a $9.7 billion AI cloud contract with Microsoft, while Applied Digital benefits from multibillion-dollar leases with hyperscalers. Both companies have seen significant growth in the past year. Consider investing in Iren for flexibility and upside potential, or Applied Digital for greater cash flow predictability. Consider The Motley Fool’s top 10 stock picks for potential high returns.

Read more at Nasdaq: Iren vs. Applied Digital: Which Is the Better Long-Term Play?