Microsoft signs a $9.7 billion agreement with cryptocurrency concept stock IREN

Zhitong
2025.11.03 11:37

Australian IREN Limited stated in a statement on Monday that Microsoft has signed an agreement worth approximately $9.7 billion to procure artificial intelligence cloud computing power from IREN, thus becoming the largest customer of this Australian company. IREN pointed out that this five-year agreement will enable Microsoft to use NVIDIA's accelerator systems located in Texas, USA—these systems are built on the GB300 architecture and are specifically designed for handling artificial intelligence workloads; the agreement also includes a 20% advance payment. Sydney-based IREN also revealed that the company has reached another agreement to procure the necessary graphics processors and related equipment from Dell Technologies for $5.8 billion. IREN CEO Daniel Roberts stated via email that once the agreement is fully implemented, it is expected to bring approximately $1.94 billion in annualized revenue to the company. This collaboration will occupy about 10% of IREN's total computing power, leaving room for the infrastructure provider to sign more contracts and generate additional revenue

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