Alphabet Inc. & Iren

Alphabet Inc.: Alphabet Inc.'s cloud revenues grew 38% year-on-year, reflecting strong AI demand. The company is a major hyperscaler investing in AI infrastructure.

Iren: Iren gained 8-10% on AI infrastructure optimism. The company is involved in data center operations.

Alphabet Inc.: Alphabet Inc. provides a significant backstop for TeraWulf's Fluidstack contracts, indicating its involvement in supporting the AI infrastructure buildout by Bitcoin miners.

Iren: Iren has secured a multi-year Microsoft GPU cloud contract and an Nvidia investment, positioning it for significant AI infrastructure delivery despite the industry's funding challenges.

Alphabet Inc.: Alphabet Inc. is mentioned as a hyperscaler that uses Broadcom as a design partner for its custom chips.

Iren: Iren is emerging as a significant data center builder, with a growing portfolio of grid-connected power and long-term cloud contracts with Microsoft and Nvidia, indicating its role in supporting AI infrastructure.

Alphabet Inc.: Alphabet Inc. is reportedly backstopping the debt for TeraWulf's $3 billion financing package, supporting its expansion into AI infrastructure.

Iren: Iren's shares gained alongside TeraWulf's announcement, reflecting the positive market response to Bitcoin miners diversifying into AI and HPC infrastructure.