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IREN Lands Microsoft Cloud Deal, A $3.6 Billion Quantum Computing SPAC, And Domestic Rare Earth Magnets Are Coming

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November 04, 2025

IREN Lands Multi Billion Dollar Microsoft AI Cloud Deal

IREN (NASDAQ: IREN) struck a new multi year $9.7 billion deal with Microsoft (NASDAQ: MSFT) for GPU hosting, marking the largest deal in IREN’s history. IREN has publicly stated they plan to deploy GPUs in stages at their data centre campus located in Childress, Texas, and Microsoft will provide IREN with a 20% pre-payment as part of the new deal.

Xanadu Quantum To Go Public In $3.6 Billion SPAC Deal

Xanadu Quantum Technologies entered into a business combination agreement with Crane Harbor Acquisition Corp (NASDAQ: CHAC) to become a publicly traded company. Xanadu is one of the most advanced quantum computing companies focused on developing photonic quantum computers that are capable of operating at room temperature, and the company has existing contracts with Volkswagen and Rolls Royce to leverage both their quantum computing hardware and software for new breakthroughs in battery technology and material science.

REalloys Lands Export-Import Bank Funding Commitment For Rare Earth Magnets

REalloys received a letter of interest from the Export-Import Bank of the United States for a loan of $200 million to advance the development of their fully integrated supply chain for rare earth magnets. REalloys is currently in the process of going public on the Nasdaq through a reverse merger with Blackboxstocks (NASDAQ: BLBX).

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