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Microsoft inks $9.7B deal with Australia’s IREN for AI cloud capacity
3 November 2025 at 18:04
The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over phases through 2026.
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Yesterday — 3 November 2025Main stream
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- IREN Soars 30% After Inking $9.7B AI Cloud Deal With Tech Giant Microsoft
IREN Soars 30% After Inking $9.7B AI Cloud Deal With Tech Giant Microsoft
3 November 2025 at 15:31
The deal is indicative of how miners’ once-volatile hardware fleets are increasingly viewed as strategic compute assets, bridging the gap between blockchain and AI.
