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IREN Secures $9.7bn AI Cloud Contract with Microsoft
Globenewswire·2025-11-03 19:00

NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has signed a multi-year GPU cloud services contract with Microsoft. Under the agreement, IREN will provide Microsoft with access to NVIDIA GB300 GPUs over a five-year term, with a total contract value of approximately 9.7billion,includinga209.7 billion, including a 20% prepayment. IREN has also entered into an agreement with Dell Technologies to purchase the GPUs and ancillary equipment for approximately 5.8 billion.1 The GPUs ar ...