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IREN Limited
Renewable-powered DCs pivoting to GPU cloud, anchored by ~$10B MSFT 5-yr contract. Sweetwater 1 (1.4GW Texas) energized 2026-05-01; Mirantis acquired 2026-05-05 ($625M all-stock, dilutive); GPU fleet ramp to 150K incl 50K B300s. Q3 FY26 prints AH 2026-05-07 with a high bar after Feb's revenue miss.