No more "mining"? Iren and Cipher Mining transform into AI computing power service providers!

Microsoft announced a five-year, $9.7 billion cloud services agreement with Iren, with both parties collaborating in Texas. Cipher Mining entered into a 15-year lease agreement with Amazon AWS worth approximately $5.5 billion. Although both Iren and Cipher Mining are crypto mining companies, these two partnerships are unrelated to cryptocurrency but rather tied to AI cloud computing, reflecting the AI transformation of crypto miners. They are leveraging their low-cost electricity and data center resources to pivot toward providing high-performance computing support for tech giants, helping alleviate the global AI computing power shortage.

This shift has freed miners from crypto volatility, with valuations now more anchored to AI contracts rather than Bitcoin prices. The demand for new cloud services "never slowing down."

$IREN(IREN.US) surged over 20% at the opening on the 3rd, weakened intraday but stabilized above 65, with bulls regaining momentum in the afternoon to close up 11.52%.

Microsoft urgently needs AI computing power, but building data centers is too slow, and power supply is insufficient. IREN has ready-to-use power + data centers and also provides NVIDIA GPUs. In terms of power supply, IREN's overall power capacity is strong, with the company focusing on 100% renewable energy, primarily wind and solar, with electricity costs far below the industry average. This benefits from its strategic layout in places like Texas. The Microsoft contract may just be an appetizer—IREN is likely to leverage its power advantage to collaborate with other major clients.

Overbought sentiment is high, and short-term profit-taking may trigger a pullback. The MA is mostly in a bullish alignment, and if it holds above 65, even a pullback would be a correction, forming a new upward trend.

$Cipher Digital(CIFR.US) also surged at the opening, with bulls and bears locked in a stalemate at noon before bulls gained a slight upper hand in the afternoon, closing up 22.04%.

Earnings were just released, with revenue falling short of expectations but growing nearly 200% YoY. This isn’t a major issue, and doubling revenue is impressive. The partnership with Amazon is even more notable. Cipher provides AWS with 300 MW of "plug-and-play" data center space and power to support AI workloads. Combined with earlier Google-backed contracts, Cipher’s total pipeline exceeds $8.5 billion. Compared to Iren, its contracts are more stable, with lower execution risk and higher cash flow visibility.

Decoding Brother believes its trend is similar to Iren’s, but with lower trading volume and costs, suggesting a possible position increase at 20-22.

$Microsoft(MSFT.US) opened higher but closed lower on the 3rd, with bulls losing support after the morning session, closing down 0.15%.

The pullback is evident—the partnership benefits others but not its own stock price, or at least has no positive impact. BIAS shows oversold sentiment, touching MA60, with a high likelihood of a rebound. Consider buying the dip at 510-514.