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.
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Ottumwa Courier
Microsoft $9.7 billion deal with IREN will give it access to Nvidia chips
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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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