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Story summary
- IREN Limited rose 2.52% on January 21, 2026, amid optimism about its shift from bitcoin mining to Artificial Intelligence (AI) infrastructure.
- It secured a $9.7 billion, five-year AI cloud deal with Microsoft, boosting its market position.
- The agreement promises long-term growth but requires careful, multi-year execution with associated risks.
- Analysts voice mixed views on IREN's valuation, with some optimism and others concern over overvaluation.
