US EditionMicrosoft Signs $9.7 Billion AI Cloud Deal With Australia’s IREN
IREN will deploy NVIDIA GB300 GPUs at its Texas campus to address Microsoft's AI capacity crunch with a $9.7 billion contract, including a 20% prepayment over five years.
- On Nov. 03, 2025, IREN Limited announced a multi-year GPU cloud services contract with Microsoft valued at $9.7 billion, including a 20% prepayment, providing access to NVIDIA GB300 GPUs over five years.
- Microsoft, facing an AI capacity crunch expected into mid-2026, leases capacity to expand compute without building new data centers or securing extra power.
- Included in the agreement is a Dell supply arrangement worth about $5.8 billion, with NVIDIA GB300 GPUs phased through 2026 at the 750-megawatt Childress, Texas campus, Daniel Roberts said it marks "another major step forward for IREN."
- The announcement sent IREN shares up more than 20% in premarket trading on Monday, and IREN expects nearly $1.9 billion annualized revenue from the GPU deal.
- Beyond the immediate deal, the contract carries delivery-timeline termination clauses and sits atop renewable-powered facilities, while IREN plans to fund the build mainly with cash and customer prepayments.
92 Articles
92 Articles
IREN signs US$9.7 billion GPU cloud deal with Microsoft to expand AI infrastructure
On November 3, IREN announced a multi-year contract with Microsoft to provide GPU cloud services, marking a significant milestone for the AI infrastructure provider. Under the five-year agreement, valued at approximately US$9.7 billion, including a 20% prepayment, IREN will supply Microsoft with Nvidia GB300 GPUs. The GPUs will be deployed in phases through 2026 at IREN's 750-megawatt Childress, Texas campus, alongside new liquid-cooled data cen…
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Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips
Microsoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips. The five-year deal, which includes a 20% prepayment, will help Microsoft as…
Microsoft has booked additional AI computing capacity to the cloud provider Iren due to a stormy increase in demand. The contract had a volume of 9.7 billion dollars (around 8.4 billion euros) and a term of five years, Iren announced on Monday. As a result, the company's shares increased by more than 20 percent to a record high of 73.28 dollars in the pre-trade business on Wall Street. According to the agreement, Microsoft will make an advance o…
An under-the-radar AI stock is surging on news of a blockbuster deal with Microsoft
The New York Stock Exchange stands in lower Manhattan on October 29, 2025.Spencer Platt/Getty ImageslREN stock surged 20% to start the week on a deal with Microsoft.The data center company inked a $9.7 billion deal to provide Mag 7 titan with AI cloud capacity.The five-year agreement will provide Microsoft wth access to Nvidia's GB300 GPUs.The move: IREN stock jumped 20% on Monday. The Australian data center company has already enjoyed a stellar…
Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity
Microsoft is leaving no stone unturned in its quest to secure more compute capacity for meeting its customers’ heavy demand for AI services. On Monday, the Redmond-based tech giant signed a $9.7 billion, five-year contract with Australia’s IREN to secure further AI cloud capacity. The deal will give Microsoft access to compute infrastructure built with Nvidia’s GB300 GPUs, which will be deployed over phases through 2026 at IREN’s facility in Chi…
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