IREN, a leader in AI data centers, signs a lucrative deal with Microsoft, boosting revenue projections. Energy is crucial for AI tools, with Nvidia leading the charge in solving the energy bottleneck. Tech giants like Alphabet are investing in AI data centers, with IREN at the forefront. IREN secures a major contract with Microsoft, generating almost $2 billion in annual recurring revenue. The company aims to reach $3.4 billion in AI cloud revenue by 2026. Investors should consider the growth potential of IREN as energy becomes the new bottleneck in AI technology.

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