Microsoft signs $9.7 billion contract with IREN for Nvidia chips
Update: 2025-11-03
Description
Microsoft and IREN's $9.7 Billion Partnership: A Game-Changer for AI and Cloud ComputingIn a major development, Microsoft has secured a $9.7 billion deal with IREN to supply cloud services over the next five years, marking a significant step in the race for AI and cloud computing dominance. The deal includes access to Nvidia's latest GB300 processors, fueling Microsoft's AI initiatives. The partnership aims to address growing demands and potential infrastructure strains, ensuring smooth operations for customers and developers. The advanced processors will be deployed gradually at IREN's Texas data center, with Microsoft paying 20% upfront, demonstrating commitment and trust. This deal signals a wave of changes in AI and cloud computing, as tech companies build the digital foundations for future breakthroughs.
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