Microsoft Concludes $9.7 Billion Deal with IREN – Dell Supplies Hardware for $5.8 Billion

Microsoft has concluded a five-year contract worth $9.7 billion with IREN. The software giant secures dedicated AI computing capacities based on Nvidia's Blackwell-GB300 GPUs – a response to the ongoing compute shortage in the industry. Part of the package is a 20% down payment, which is intended to support the accelerated construction of the infrastructure. The deal in detail The core of the agreement is exclusive access to GB300 capacities in IREN's data centers over five years. In parallel, IREN has signed a separate procurement contract...