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Benzinga
Benzinga
Business
Rishabh Mishra

Jim Chanos Warns IREN Taking 'All The Risk' In $9.7 Billion Microsoft AI Pact: 'Deal Will Decrease EPS'

Jim Chanos IREN Microsoft James Chanos Nasdaq Microsoft Corp
IREN Limited

Famed short-seller Jim Chanos has poured cold water on the market’s excitement for IREN Ltd.‘s (NASDAQ:IREN) new $9.7 billion AI cloud deal with Microsoft Corp. (NASDAQ:MSFT), warning that the deal is a high-risk financing arrangement that will likely harm shareholder value.

Check out IREN’s stock price here.

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