AI Cloud rents GPU capacity to Microsoft and AI labs
Company: IREN
The claim, verbatim
IREN's AI Cloud operation rents GPU capacity directly to Microsoft and to frontier AI labs.
Source (primary)
IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St. (-, news_article)
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Quote: “It also runs an AI Cloud operation that rents graphics processing unit (GPU) capacity directly to Microsoft and frontier AI labs.”
How we checked this
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Additional evidence
confirms IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St.
Quote: “It also runs an AI Cloud operation that rents graphics processing unit (GPU) capacity directly to Microsoft and frontier AI labs.”