IREN shares surge after $9.7 billion AI cloud deal with Microsoft By Investing.com
Update: 2025-11-03
Description
**Summary:**Microsoft and infrastructure provider IREN have formed a significant partnership, with Microsoft investing 20% upfront for access to advanced GPUs from IREN. IREN also plans to buy additional GPUs and infrastructure worth $5.8 billion from Dell Technologies. This deal highlights the growing AI cloud sector and fierce competition for GPUs. For Microsoft, it accelerates AI infrastructure development and expands customer reach. For IREN, it solidifies its position as a leading AI cloud service provider and supports GPU expansion. This partnership underscores the importance of tech giants and infrastructure experts collaborating in the rapidly evolving AI landscape.
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